X-Energy Files for IPO Amid Growing Interest in Small Modular Reactors
X-Energy, a nuclear power company, has filed a draft registration statement with the Securities and Exchange Commission for an initial public offering (IPO) under the NASDAQ ticker XE. The company aims to tap into a market for small modular reactors (SMRs) projected to reach $2.3 trillion by 2050.
As a private entity, X-Energy reportedly faced financial losses last year, but it has secured significant partnerships with major players like Amazon and Dow, which are also key customers for its SMRs. The company is involved in a project to build a four-unit SMR plant in Texas under the U.S. Department of Energy’s Advanced Reactor Demonstration program.
X-Energy’s proprietary Xe-100 reactor technology, awaiting Nuclear Regulatory Commission approval, promises high-temperature steam production for industrial applications and enhanced safety features. The company also controls a unique fuel supply system designed to prevent radioactive material release, which could ensure recurring revenue over the 40-to-60-year lifespan of its reactors.
