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

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.