X-Energy Files for Nasdaq IPO, Aims to Raise $300M for Nuclear Tech Development

X-Energy, a US nuclear technology developer, has filed for an IPO on Nasdaq, aiming to raise $300 million to fund its advanced small modular reactor (SMR) and nuclear fuel business. The company plans to list Class A shares under the ticker symbol 'XE'. X-Energy develops high-temperature gas-cooled SMRs that can be deployed quickly and cost-effectively, and has a development pipeline of over 11 gigawatts of planned nuclear capacity in the US and UK.