X‑Energy files to go public on the Nasdaq, eyes $300M raise

Proactive

Mon, March 23, 2026 astatine 10:40 AM CDT 1 min read

US atomic exertion developer X‑Energy has filed paperwork with the Securities and Exchange Commission to motorboat an archetypal nationalist offering connected Nasdaq, aiming to rise astir $300 cardinal to money its precocious tiny modular reactor (SMR) and atomic substance business.

The institution plans to database Class A shares nether the ticker awesome ‘XE.’

The filing does not yet specify the fig of shares oregon the terms range, though aboriginal IPO trackers estimation the woody could scope respective 100 cardinal dollars.

X‑Energy develops high-temperature gas-cooled SMRs, with its flagship Xe‑100 plan producing astir 80 megawatts of energy oregon 200 megawatts of vigor per module. The institution markets these reactors arsenic factory-built units that tin beryllium deployed much rapidly and cost-effectively than accepted ample atomic plants. X‑Energy besides manufactures specialized atomic substance to enactment its reactors.

Its exertion is designed to conscionable increasing energy request from energy-intensive computing, including AI information centers, and to supply flexible, lower-carbon baseload power, according to the company. X‑Energy has a improvement pipeline of much than 11 gigawatts of planned atomic capableness successful the US and UK done commercialized partnerships.

X‑Energy has attracted large backers, including Amazon and Jane Street, done backing rounds successful 2024 to 2025 that raised hundreds of millions of dollars.