Kalkine IPO Report

Should You Subscribe to the IPO of X-Energy, Inc.

Apr 20, 2026

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The Offer

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.

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