Gate News message, April 16 — X-Energy, a developer of small modular reactors (SMRs) and nuclear fuel producer backed by Amazon, announced its IPO terms on Wednesday. The company plans to issue 42.9 million shares at $16 to $19 per share, raising $750 million.
The Maryland-based company, founded in 2009, specializes in advanced high-temperature gas-cooled reactor technology designed for modular power generation and heating. X-Energy targets high-energy applications including data centers. In the 12 months ending December 31, 2025, the company reported revenue of $109 million.
X-Energy plans to list on Nasdaq under the ticker “XE” with pricing expected on April 20, 2026. Joint underwriters include JPMorgan, Morgan Stanley, Jefferies, Moelis & Company, Cantor Fitzgerald, UBS Investment Bank, TD Securities, Guggenheim Securities, WR Securities, and Nomura.
Amazon led a $700 million private funding round for X-Energy in 2025 and established a strategic partnership targeting deployment of over 5GW of new nuclear capacity by 2039.
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