--- title: "X-energy Stock (XE) and 2026 IPO: Price, Funding and Amazon Reactor Plans" description: "X-energy is already public on Nasdaq as XE. A source-backed IPO timeline, $23 offering, dated share-price history, 2026 financials, and proposed 960MW Amazon project." date: 2026-10-29T00:00:00.000Z source: https://venturecapitaltracker.com/x-energy-stock-xe-ipo-2026-amazon-valuation --- # X-energy Stock (XE) and 2026 IPO: Price, Funding and Amazon Reactor Plans > X-energy is already public on Nasdaq as XE. A source-backed IPO timeline, $23 offering, dated share-price history, 2026 financials, and proposed 960MW Amazon project. **X-energy is already a public company.** Its shares began trading on Nasdaq on **April 24, 2026**, under ticker **XE**, after an upsized IPO was priced at **$23 per share**. If you are seeing outdated articles about a *future* X-energy IPO, they no longer describe the company's current status. ## X-energy stock and IPO: verified facts | Question | Answer as of October 29, 2026 | | --- | --- | | Is X-energy publicly traded? | **Yes** — Nasdaq: **XE** | | First trading day | **April 24, 2026** | | IPO offering price | **$23 per share**, announced April 23 | | Initial shares offered | **44,254,659 Class A shares**, before any underwriter option | | October 23, 2026 historical close | **$10.60**, per X-energy Investor Relations; **not a live quote** | | Latest disclosed quarterly revenue and grant income | **$54.6M**, Q2 2026, including $50.1M services and $4.5M grants | | Proposed new nuclear project with Amazon and AEP | **960 MW in Indiana**, announced October 19, 2026; feasibility stage, **not operational** | A share's IPO price is not the company's current market capitalization. The IPO was a securities offering; the number of shares on offer is not the same as all shares outstanding. ## X-energy's IPO timeline **February 6, 2025 — $700M Series C-1.** X-energy closed an upsized private round anchored by Amazon's Climate Pledge Fund, with additional investments from Segra Capital Management, Jane Street and other institutions. **November 24, 2025 — approximately $700M Series D.** The company announced another, distinct round led by Jane Street. These two approximately $700M financings are not duplicate database entries: they were separate closings at different stages. **April 23–24, 2026 — IPO pricing and trading.** X-energy announced a $23 offer price for 44,254,659 shares on April 23. It started Nasdaq trading on April 24. The final prospectus provides the legal structure, including an Up-C holding-company arrangement and the relationship between listed shares and operating-company units. **October 23, 2026 — dated trading reference.** X-energy's investor-relations historical stock table shows a $10.60 close. That is below the IPO price but should not be labeled today's price or used without the date. ## What does X-energy actually build? [X-energy](/startup/x-energy) designs **Xe-100**, a high-temperature gas-cooled nuclear reactor, alongside the TRISO-X nuclear fuel business. The Xe-100 is designed as an **80-megawatt-electric (MWe)** unit. Four units would represent 320 MWe of proposed generating capacity, subject to permits, construction, commissioning and operating approvals. It targets firm, low-carbon power for utilities, industrial sites and energy-intensive data centers. Unlike a software venture, nuclear projects demand large up-front commitments, specialist fuel supplies, long regulatory processes and engineering validation. ## The Amazon project: why 960 MW doesn't mean revenue today On **October 19, 2026**, X-energy, American Electric Power and Amazon announced a **joint development agreement** to evaluate a 12-reactor Xe-100 project in Sullivan County, Indiana. Twelve 80 MWe units would total the proposed **960 MWe**. This is a **proposed project undergoing feasibility work**, not twelve operating reactors, guaranteed orders or contracted power already being sold. X-energy's release says additional permits, financing, development agreements and technical milestones are required. Amazon is providing certain development funding tied to project milestones. When assessing announcements like this, separate **potential pipeline capacity**, **binding revenue contracts**, **reactors under construction**, and **electricity actually delivered**. ## What do the financial statements show? For the quarter ended June 30, 2026, X-energy reported: | Q2 2026 financial measure | Amount | | --- | ---: | | Services revenue | $50.1M | | Grant income | $4.5M | | Total revenues plus grants | **$54.6M** | | Operating expenses | **$164.6M** | | Cash used in operations | **$97.3M** | | Total liquidity, quarter-end | **$1.90B** | These are dated, company-reported figures. Revenue and grants partly reflect engineering work and government-backed development activity, **not electricity produced from a fleet of completed commercial Xe-100 plants**. High liquidity after IPO helps support the program, but large future project expenditure remains a risk. ## How Alumni Ventures is connected [Alumni Ventures](/fund/alumni-ventures) includes X-energy in its official **2026 APEX 100** portfolio. That establishes historical portfolio affiliation. The firm's exact pre-IPO entry price, post-IPO holding and realized profit are **not** disclosed in the materials reviewed. Do not infer that AV earned the difference between the IPO price and any private funding valuation, or that all investors sold at the IPO. An IPO creates potential liquidity; it does not document every historical fund's distribution. ## How does XE compare with other nuclear stocks? | Company | Difference | | --- | --- | | X-energy (XE) | Advanced high-temperature gas reactor and TRISO-X fuel; Nasdaq-listed in 2026 | | Oklo | Public advanced fission developer with a different scale and reactor design | | NuScale Power | Public light-water small modular reactor developer | | Aalo Atomics | Private reactor startup; its 2026 test criticality is not commercial electricity production | The most useful comparison is **project stage, reactor licensing, fuel availability, customer obligations and financial runway**, not projected megawatts alone. ## Bottom line **X-energy's IPO is complete.** Its next fundamental milestones are commercial permits, reactor and fuel production, converting development deals into funded projects and ultimately delivering electricity. The October 23 stock quote is historical; anyone assessing a trade should look up a current quote and the company's newest filings. **By:** [Venture Capital Tracker](https://venturecapitaltracker.com/editorial-policy) **Editorial note:** AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.