X-energy Raises $1 Billion In IPO With 44.3 Million Shares Sold At $23 Each
Building Size
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Asset Type
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Closing
Apr 24, 2026
About this deal
AI
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
Market CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93