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X-Energy Raises $1B in IPO for Nuclear Reactors

April 24, 2026

2 min read

Key Takeaways

X-energy raised $1 billion in its initial public offering.
The company sold 44.3 million shares for $23 each.
X-energy is building small modular reactors for electricity and heat.
The company has deals with Dow and Amazon for power and heat supply.

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Strategic Implications

This investment may indicate growing interest in nuclear energy for data centers and industrial processes. X-energy's technology could suggest a shift towards safer and more efficient nuclear power solutions, which may benefit the company's competitive positioning in the market.

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What Happened

Nuclear Startup Sees Surge In Demand For Data Center Power

Nuclear startup X-energy has raised $1 billion in its initial public offering, exceeding its initial target of $800 million. The company is building small modular reactors capable of generating electricity or delivering heat to industrial processes, with deals in place with Dow and Amazon. X-energy’s reactors are designed to be safer and more efficient, using TRISO fuel pellets and helium gas cooling. The company’s stock is expected to begin trading on the Nasdaq Exchange under the ticker XE, as reported by TechCrunch.

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