Small modular reactor developer and nuclear fuel producer X-energy has submitted paperwork to the U.S. Securities and Exchange Commission, with plans to raise up to $300 million through an initial public offering. The company specializes in designing advanced nuclear reactor technologies, particularly in the small modular reactor sector, and also engages in nuclear fuel production. Its flagship product, the Xe-100, is a high-temperature gas-cooled reactor designed for modular electricity generation and heat supply. X-energy is focused on developing scalable nuclear systems to help meet rising power demands, including applications in high-energy-consumption sectors such as data centers. Founded in 2009 and headquartered in Rockville, Maryland, the company reported revenue of $109 million for the 12-month period ending December 31, 2025. X-energy intends to list on the Nasdaq under the ticker symbol "XE." The company confidentially submitted its IPO registration to the SEC on November 12, 2025. Joint bookrunners for the offering include J.P. Morgan, Morgan Stanley, Jefferies, Moelis & Company, Cantor Fitzgerald, UBS Investment Bank, TD Securities, Guggenheim Securities, WR Securities, and Nomura. The IPO comes amid a renewed wave of interest in nuclear energy in the United States. In 2025, e-commerce giant Amazon.com led a $700 million private funding round for X-energy and entered into a strategic partnership with the company, aiming to deploy more than 5 gigawatts of new nuclear capacity by 2039. At the same time, supportive U.S. government policies toward nuclear power have provided additional momentum. As demand for around-the-clock clean energy surges, capital markets are showing growing confidence in small modular reactor technology. A successful IPO for X-energy would not only provide necessary financial cushioning but also serve as a key indicator of investor sentiment toward next-generation nuclear power.