Nuclear technology developer X-energy (XE.US), which specializes in small modular reactors and nuclear fuel production, disclosed terms for its initial public offering on Wednesday. The company intends to offer 42.9 million shares priced between $16 and $19 per share, targeting proceeds of $750 million. X-energy focuses on designing advanced nuclear reactor technologies, particularly small modular reactors (SMRs), and manufacturing nuclear fuel. Its flagship product is a high-temperature gas-cooled reactor designed for modular electricity and heat generation. The company is dedicated to developing scalable nuclear systems to meet rising electricity demands, including applications in high-energy-consumption sectors such as data centers. Founded in 2009 and headquartered in Rockville, Maryland, X-energy reported revenue of $109 million for the 12-month period ending December 31, 2025. The company plans to list on the Nasdaq under the ticker symbol "XE." J.P. Morgan, Morgan Stanley, Jefferies, Moelis & Company, Cantor Fitzgerald, UBS Investment Bank, TD Securities, Guggenheim Securities, WR Securities, and Nomura are acting as joint book-running managers for the offering. Pricing is expected to occur on April 20, 2026. Notably, the IPO comes amid a resurgence of interest in nuclear energy in the United States. In 2025, e-commerce giant Amazon led a $700 million private funding round in X-energy and entered into a strategic partnership with the company, with a shared goal of deploying over 5 gigawatts of new nuclear capacity by 2039.