Public power utility
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Host utility for Amazon-backed Cascade project
No US utility has ordered a newly designed commercial reactor and seen it come online since the 1970s. On April 24, 2026, the first company trying to break that drought rang the Nasdaq bell. X-energy priced its IPO at $23 a share — $4 above its marketed range — and raised $1.02 billion, the largest US nuclear public offering in years. Shares closed their first day up 27%, giving the company a market valuation of roughly $11.9 billion. The offering was oversubscribed more than 15 times.
Updated Apr 26
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