By Elias Schisgall and Josh Beckerman
X-Energy Inc., a nuclear technology company whose backers have included Amazon, filed for an initial public offering.
In October 2024, X-Energy Reactor Co. said Amazon anchored a financing round of about $500 million, and said the companies were collaborating to bring more than 5 gigawatts of new power projects online across the U.S. by 2039.
X-Energy Inc. filed to list shares on the Nasdaq Stock Market under the symbol "XE."
The company may use the net proceeds for working capital, future growth projects, or general corporate purposes including research and development, sales, and marketing, according to a filing with the Securities and Exchange Commission.
The company said it intends to capitalize on rising energy demand for data centers, adding that it believes there is a vast market for small modular reactors.
It brought in $109,098 in revenue during 2025 and incurred a net loss of $389,778, according to the filing.
X-Energy Reactor said in November that it closed a Series D financing round of about $700 million led by Jane Street, from new investors including ARK Invest, Galvanize, Hood River Capital Management, Point72, Reaves Asset Management, XTX Ventures and others, and existing investors including Ares Management.
Other nuclear companies gaining prominence in recent years include NuScale Power and Sam Altman-backed Oklo.
Write to Elias Schisgall at elias.schisgall@wsj.com and Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
March 20, 2026 18:52 ET (22:52 GMT)
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