Amazon-supported nuclear star X-energy IPO priced at $16-19, plans to raise $750 million
X-Energy announced the terms of its initial public offering (IPO) on Wednesday, planning to issue 42.9 million shares at a price of $16 to $19 per share, raising $750 million. The company focuses on the research and development of small modular reactors and is expected to price on April 20, 2026, with plans to list on NASDAQ under the ticker symbol "XE." This IPO comes at a time of revitalization for nuclear energy in the United States, with Amazon having led its $700 million financing and established a strategic partnership with it
According to Zhitong Finance APP, small modular reactor developer X-Energy (XE.US) announced its initial public offering (IPO) terms on Wednesday. The company plans to issue 42.9 million shares at a price range of $16 to $19 per share, raising $750 million.
X-Energy is dedicated to designing advanced nuclear reactor technology, particularly small modular reactors (SMRs), and producing nuclear fuel. Its flagship product is a high-temperature gas-cooled reactor designed to generate electricity and heat in a modular fashion. The company is focused on developing scalable nuclear systems to meet the growing demand for electricity, including the energy needs of high-consumption applications such as data centers.
Founded in 2009 and headquartered in Rockville, Maryland, the company confirmed revenues of $109 million for the 12 months ending December 31, 2025. X-Energy plans to list on NASDAQ under the ticker symbol "XE."
JP Morgan, Morgan Stanley, Jefferies Group, Moelis & Company, Cantor Fitzgerald, UBS Investment Bank, TD Securities, Guggenheim Securities, WR Securities, and Nomura Securities are the joint underwriters for this transaction. Pricing is expected on April 20, 2026.
Notably, this IPO comes as the U.S. enters a new round of "nuclear energy revival." In 2025, e-commerce giant Amazon led a $700 million private financing round for X-Energy and established a strategic partnership with the goal of jointly deploying over 5GW of new nuclear capacity by 2039
