Amazon-backed nuclear startup X-energy files for up to $814 million IPO

Nuclear energy startup X-energy has launched its investor roadshow as it moves toward an initial public offering that could raise up to $814 million. The company filed documents with the U.S. Securities and Exchange Commission setting a target price range of $16 to $19 per share. If it lists at the high end of that range, the IPO would bring the startup about $814 million in fresh capital. X-energy is riding a wave of renewed interest in nuclear fission power, driven Amazon is one of X-energy’s most significant backers, having led a $500 million funding round and committed to purchasing up to 5 gigawatts of nuclear power from the company The company previously attempted to go public through a reverse merger with a special purpose acquisition company in 2023, but that deal fell apart as the SPAC market cooled. X-energy faces challenges common to the emerging small modular reactor sector. No company in this space has yet built an operational power plant, though several are racing toward a July 4 deadline set The company expects that once its reactor production reaches maturity, it could reduce costs