One of America’s most exciting small modular reactor companies is getting ready to make their Wall Street debut.

What’s happening:

  • Small modular reactor company X-Energy has publicly stated they have officially began raising capital for their IPO onto the Nasdaq
  • J.P. Morgan, Morgan Stanley and Jeffries are leading the IPO financing round for X-Energy

By the numbers:‍

  • X-Energy has publicly stated they are issuing roughly 42M shares of common stock as part of their IPO financing round at a price between $16.00 USD and $19.00 USD per share

Why it matters:‍

  • X-Energy is one of the most advanced small modular reactor companies in the United States of America and has been awarded up to several billion dollars of cost shared funding from the United States Department of Energy to build out a leading edge nuclear demonstration plant

Going deeper:‍

  • Amazon (NASDAQ: AMZN), Jane Street, ARK Invest, Point72 and multiple other large institutional investors are all early backers of X-Energy
  • X-Energy has also earned the first approval in the United States for a commercial nuclear fuel fabrication plant that is licensed by the Nuclear Regulatory Commission in more than fifty years

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