Amazon-backed SMR firm X-energy raises more than $1bn in IPO.
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Amazon-backed SMR firm X-energy raises more than $1bn in IPO. Sold a total of 44.3 million shares as part of upsized offering April 24, 2026 Amazon-backed advanced nuclear developer X-energy has raised more than $1 billion in its initial public offering (IPO). Based out of Rockville, Maryland, the company said that it sold 44.3 million shares as part of its upsized IPO at $23 apiece, which was above the marketed range of $16 to $19. In total, the company raised approximately $1.02bn. The company filed for the IPO late last month. 29 Jan 2026 A small nuclear revolution is coming to a data center near you The company, which was founded in 2009, is a small modular reactor developer (SMR). Its flagship product, the Xe-100 advanced SMR, is a pebble-bed, high-temperature gas-cooled reactor. Fuel pebbles - about the size of a billiard ball - power the reactor, with each pebble containing thousands of uranium fuel particles. The company's first four-unit Xe-100 plant is planned at Dow's Seadrift Operations site in Texas and is under review by the US Nuclear Regulatory Commission. Amazon has directly invested in the company and secured the option to deploy more than 5GW of Xe-100 projects in the US by 2039, starting with the Cascade Advanced Energy Facility in Washington state. When constructed, the facility is expected to comprise three 320MW sections to make up the...
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