Here are a couple of tidbits gleaned from many comments on the story.
1. LM isn't claiming it created a working, net-power-positive fusion reactor, nor that it is even close. The media is hyping the wrong "breakthrough".
2. LM is claiming that it has come up with a design for a fusion reactor that is substantially smaller than current technology. The implications of this are that the costs of construction will be substantially reduced, the power required to create fusion reactions will be substantially lower, etc... all possibly leading to the construction of a viable, net-power-positive reactor sometime in the not-too-distant future.
I would rather have a company like LM develop a viable fusion reactor since unlike academia, there is a clear profit motive involved. Funding, staffing, management for the R&D would hopefully be akin to that of of SpaceX or other private companies driven by a cheaper, faster and more efficient way to do things. A major difference between SpaceX and LM is that the former is building on existing, workable space technology, whereas the latter has no viable fusion reactor to improve. Then again, fusion research has been going on for decades, so perhaps there is a "critical mass" (pun intended) of R&D available, needing only a slight push to get over the viability line.