On 24 April 2026, Maryland-based Nuclear technology developer X-energy successfully raised over $1 billion in its Initial Public Offering, pricing 44.3 million shares at $23.00. The offering demonstrated significant institutional appetite, as it was upsized from an original 42.9 million shares and priced substantially above the initial filing range of $16–$19.The capital infusion will accelerate the deployment of X-energy’s Xe-100 high-temperature gas-cooled Small Modular Reactors (SMRs). Distinguished by its proprietary TRISO-X fuel technology, the company offers a meltdown-proof alternative to traditional nuclear power, capable of 60 years of continuous operation.With a current development pipeline exceeding 11 GW, X-energy has secured critical strategic partnerships with Amazon, Dow, and Centrica. This IPO follows a cumulative $1.2 billion in private funding rounds led by Amazon’s Climate Pledge Fund, positioning the company as a primary beneficiary of the surging demand for carbon-free baseload power fueled by industrial electrification and hyperscale data centers.
Source: https://www.esgtoday.com/amazon-backed-nuclear-tech-company-x-energy-raises-over-1-billion-in-ipo/