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Company Overview
X-Energy, Inc. is an advanced nuclear energy company headquartered in Rockville, Maryland, focused on the design, development, and commercialization of next-generation small modular reactors (SMRs) and proprietary nuclear fuel. The company is centered on two integrated technology platforms: its flagship Xe-100 high-temperature gas-cooled reactor (HTGR) and its proprietary TRISO-X pebble fuel, manufactured at its Oak Ridge, Tennessee facility. The Xe-100 is designed to deliver up to 80 MWe of electricity (or 200 MWth of heat) per unit and is scalable to 320 MWe through a four-pack configuration, making it suitable for industrial heat, power generation, and data center applications.
Initial Public Offering
The company launched its IPO on April 24th, 2026, under the ticker XE and sold approximately 42,857,143 shares of Class A Common Stock at USD 17.50 share. We had covered this IPO in our ‘Kalkine IPO Report’ on April 20, 2026, and had concluded that this IPO was “Attractive” given it given the financial performance of the company, use of proceeds, and associated risks.
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This report has been issued by Kalkine Limited (Company number 07903332), a private limited company, incorporated in England and Wales ("Kalkine”). Kalkine.co.uk and associated pages are published by Kalkine. Kalkine is authorised and regulated by the Financial Conduct Authority under reference number 579414.
The information in this report and on the Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of information contained in its reports, newsletters and websites. All information represents our views at the date of publication and may change without notice. The information in this report does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products. Our reports contain non personalized recommendations to invest in securities and other financial products.
Kalkine does not offer financial advice based upon your personal financial situation or goals, and we shall not be held liable for any investment or trading losses you may incur by using the opinions expressed in our reports, publications, market updates, news alerts and corporate profiles. Kalkine does not intend to exclude any liability which it is not permitted to exclude under applicable law or regulation. Kalkine’s non-personalised advice does not in any way endorse or recommend individuals, investment products or services for your personal financial situation. You should discuss your portfolios and the risk tolerance level appropriate for your personal financial situation, with a professional authorised financial planner and adviser. You should be aware that the value of any investment and the income from it can go down as well as up and you may not get back the amount invested.
Please also read our Terms & Conditions for further information. Employees and/or associates of Kalkine and its related entities may hold interests in the securities or other financial products covered in this report or on the Kalkine website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.
Kalkine Media Limited, an affiliate of Kalkine, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website including entities covered in this report.
Past performance is not a reliable indicator of future performance.
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