Nuclear Reactor Developer Seeks Funding Amid Resurgence in Nuclear Energy
X-Energy, a nuclear reactor developer backed by Amazon, is targeting a valuation of up to $7.5 billion in its initial public offering in the United States. The company is seeking to raise up to $814.3 million by offering 42.9 million shares priced between $16 and $19 apiece. X-Energy designs small modular reactors and manufactures nuclear fuels, and will list on the Nasdaq under the symbol ‘XE’. This development was first reported by Reuters.