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X-energy Raises $1 Billion In IPO With 44.3 Million Shares Sold At $23 Each

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X-energy Raises $1 Billion In IPO With 44.3 Million Shares Sold At $23 Each

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Summary

Transaction Type:Sale

Nuclear startup X-energy raised $1 billion in its initial public offering, selling 44.3 million shares at $23 apiece. The company exceeded its original $800 million goal and its IPO target range of $16–$19. X-energy is set to begin trading on the Nasdaq under the ticker XE.

Summary of transaction details:

  • Deal Type: Initial Public Offering
  • Transaction Amount: $1,000,000,000
  • Company: X-energy
  • Ticker: XE
  • Exchange: Nasdaq
  • Headquarters: Rockville, Maryland
  • Founder: Kam Ghaffarian
  • Notable Collaborations: Deals with Dow and Amazon

X-energy develops small modular reactors, including the Xe-100 design that utilizes helium cooling and TRISO fuel technology. The company has formed agreements with Dow to provide heat and power for a Texas chemical plant, while Amazon has committed to purchasing up to 5 gigawatts of nuclear power by 2039. The company's initiatives align with the surging electricity demand stemming from data centers and broader electrification trends.

Players

Amazon
Amazon
BUYER
Dowd Properties
Dowd Properties
TENANT

Details

SOLD
IMAGE: startup X-energy raised $1 billion in its initial public offering, selling 44.3 million shares at $23 apiece—above its $16–$19 target range and topping its original $800 million goal. The company is set to begin trading Friday on the Nasdaq under the ticker XE. X-energy develops small modular reactors designed to produce electricity and industrial heat, including its Xe-100 design, which uses helium cooling and TRISO fuel technology. The company has secured deals with Dow to supply heat and power for a Texas chemical plant and with Amazon, which has committed to purchasing up to 5 gigawatts of nuclear power by 2039. The raise comes as nuclear startups benefit from surging electricity demand driven in part by data centers and broader electrification trends. FOUNDER: Kam Ghaffarian COMPANY: X-energy ~ TICKER: XE AMOUNT: $1,000,000,000 EXCHANGE: Nasdaq HQ: Rockville, Maryland

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