According to information from Techcrunch, X-energy has begun its introduction tour to investors to prepare for its initial public offering (IPO) plan, with an expected price of 16-19 USD per share, according to documents submitted to the US Securities and Exchange Commission. If closing at the highest price, the company can raise about 814 million USD.
This move takes place in the context that nuclear energy companies are taking advantage of a new wave of interest in nuclear power, as electricity demand increases sharply from AI data centers and the trend of electrification.
Amazon is one of the major investors of X-energy, once leading the 500 million USD funding round and committed to buying up to 5 gigawatts of nuclear power from the company by 2039.
Previously, X-energy had raised about 1.8 billion USD. The company once planned to list through a merger with SPAC but had to cancel it in 2023 when the market cooled down.
In terms of technology, X-energy develops a high-temperature gas cooling reactor, using TRISO fuel, in which uranium is wrapped in ceramic and carbon layers. This design is expected to be safer than traditional options, although not yet widely deployed.
