Deep Fission Files for IPO Amid Strong Demand for Advanced Nuclear Power
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 20 2026
0mins
Source: seekingalpha
- IPO Plans: Deep Fission filed for an initial public offering on Wednesday, intending to offer 6 million shares on the Nasdaq Global Market at an estimated price range of $24 to $26 per share, potentially valuing the company at approximately $1.65 billion.
- Innovative Nuclear Technology: The startup is pursuing a novel approach by placing reactors deep underground, which aims to reduce construction costs and enhance safety compared to traditional above-ground nuclear facilities, potentially attracting more investor interest.
- Strong Market Demand: As electricity demand surges from artificial intelligence and data centers, investor appetite for nuclear startups remains robust, with Deep Fission's filing indicating a growing willingness among public investors to fund early-stage nuclear technology despite regulatory hurdles and capital requirements.
- Industry Recovery Signal: Following X-Energy's successful IPO, the nuclear startup IPO market is gradually reviving, and Deep Fission's filing may further encourage institutional investors to support nuclear projects through traditional IPOs, fostering industry growth.
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About XE
X-Energy, Inc. is a designer of advanced nuclear reactor technology and manufacturer of advanced nuclear fuels. The Company’s flagship product, the Xe-100, an advanced small modular high-temperature gas-cooled reactor (HTGR), in development for nearly a decade. The Xe-100 reactor is designed to generate 80 megawatts of electric power or 200 megawatts of thermal output (heat), or a combination thereof. The Xe-100 has several technological attributes, such as advanced safety features, virtually no direct GHG emissions during generation, high thermal output, load-following capabilities and modularity, all of which allow it to more specifically meet a customer’s power and/or industrial heat needs. Its Xe-100 design directly translates into simplicity of project delivery through reduced supply chain complexity and labor intensity during construction, which lead to lower costs and faster deployment timelines when compared with conventional nuclear energy sources.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Deep Fission Files for IPO Amid Strong Demand for Advanced Nuclear Power
- IPO Plans: Deep Fission filed for an initial public offering on Wednesday, intending to offer 6 million shares on the Nasdaq Global Market at an estimated price range of $24 to $26 per share, potentially valuing the company at approximately $1.65 billion.
- Innovative Nuclear Technology: The startup is pursuing a novel approach by placing reactors deep underground, which aims to reduce construction costs and enhance safety compared to traditional above-ground nuclear facilities, potentially attracting more investor interest.
- Strong Market Demand: As electricity demand surges from artificial intelligence and data centers, investor appetite for nuclear startups remains robust, with Deep Fission's filing indicating a growing willingness among public investors to fund early-stage nuclear technology despite regulatory hurdles and capital requirements.
- Industry Recovery Signal: Following X-Energy's successful IPO, the nuclear startup IPO market is gradually reviving, and Deep Fission's filing may further encourage institutional investors to support nuclear projects through traditional IPOs, fostering industry growth.
See More
Deep Fission Targets $1.66 Billion Valuation in IPO Amid Nuclear Power Demand
- IPO Valuation Target: Deep Fission aims for a valuation of approximately $1.66 billion in its U.S. IPO, seeking to capitalize on surging investor demand for nuclear power, particularly as AI-driven electricity consumption rises.
- Funding Size and Pricing: The company plans to raise up to $156 million by offering 6 million shares priced between $24 and $26 each, which will support the development of its small modular reactor technology.
- Market Demand Revival: With renewed interest in nuclear energy driven by data centers and AI applications, Deep Fission's IPO comes at a pivotal moment for nuclear developers, indicating a shift in public sentiment towards nuclear power.
- Technological Innovation and Policy Support: The company is developing a small modular reactor called the Gravity Reactor, leveraging established pressurized water reactor technology, and is benefiting from a series of executive orders from the Trump administration aimed at boosting domestic energy capacity and accelerating SMR deployment.
See More
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- Coverage Initiation: Guggenheim has initiated coverage of X-Energy with a 'Buy' rating and a $57 price target, indicating an upside of approximately 112.85% from its last closing price, reflecting the analyst's recognition of the company's leadership in next-generation nuclear technology.
- Market Attention: Despite X-Energy's stock price declining over 8% since its IPO, Wall Street's interest remains high, with at least eight analysts covering the company and price targets ranging from $28 to $41, demonstrating confidence in its long-term potential.
- Capital Efficiency: Guggenheim highlighted X-Energy's industry-leading contracted backlog and proprietary TRISO-X fuel technology, which is meltdown-proof, along with a capital-efficient licensing model that generates revenue without owning or operating facilities, enhancing the attractiveness of its business model.
- Amazon Support: Amazon owns about 20% of X-Energy and has invested $500 million to support the advancement of over 5 GW of new nuclear capacity in the U.S. by 2039, providing a solid foundation for X-Energy's future growth through strong capital backing.
See More
Analysts Initiate Coverage on X-Energy with Bullish Ratings
- Successful IPO: X-Energy raised nearly $1.02 billion by pricing over 44.25 million shares at $23 each during its Nasdaq debut, valuing the company at approximately $9.1 billion, reflecting strong market enthusiasm for nuclear energy and AI-driven electricity demand.
- Bullish Analyst Ratings: Guggenheim, TD Cowen, and UBS initiated coverage with Buy ratings and price targets of $57, $35, and $40 respectively, indicating confidence in X-Energy's future growth potential.
- Growing Market Demand: As major tech companies seek long-term electricity supplies to support AI infrastructure, X-Energy's small modular reactor (SMR) technology is positioned as a lower-cost and safer alternative to traditional nuclear plants, likely attracting more investor interest.
- Strategic Partnerships: X-Energy has secured agreements with companies like Amazon, Dow, and Centrica, showcasing strong backing in advanced nuclear development and further solidifying its market position.
See More
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- Environmental Assessment Completed: The U.S. Nuclear Regulatory Commission has finalized its environmental assessment for Dow Inc. (DOW) and X-energy's (XE) construction permit application for an advanced nuclear project in Texas, confirming no significant impact, marking a key milestone for the project.
- Review Ahead of Schedule: The review was completed ahead of schedule, indicating strong regulatory support for the project, which may expedite subsequent construction processes and enhance investor confidence.
- Independent Analysis Validated: The NRC's assessment was based on extensive independent analysis of air quality, water resources, and local species habitats, adhering to globally recognized safety and environmental standards, ensuring the project's sustainability.
- Industrial Application Potential: The proposed Long Mott Generating Station will provide electricity and high-temperature industrial steam to Dow's UCC Seadrift Operations, expected to produce over 4 billion pounds of materials annually, becoming North America's first grid-scale advanced nuclear reactor serving an industrial site.
See More
Deep Fission Files for IPO Amid Strong Demand for Advanced Nuclear Power
- IPO Plans: Deep Fission filed for an initial public offering on Wednesday, intending to offer 6 million shares on the Nasdaq Global Market at an estimated price range of $24 to $26 per share, potentially valuing the company at approximately $1.65 billion.
- Innovative Nuclear Technology: The startup is pursuing a novel approach by placing reactors deep underground, which aims to reduce construction costs and enhance safety compared to traditional above-ground nuclear facilities, potentially attracting more investor interest.
- Strong Market Demand: As electricity demand surges from artificial intelligence and data centers, investor appetite for nuclear startups remains robust, with Deep Fission's filing indicating a growing willingness among public investors to fund early-stage nuclear technology despite regulatory hurdles and capital requirements.
- Industry Recovery Signal: Following X-Energy's successful IPO, the nuclear startup IPO market is gradually reviving, and Deep Fission's filing may further encourage institutional investors to support nuclear projects through traditional IPOs, fostering industry growth.
See More
Deep Fission Targets $1.66 Billion Valuation in IPO Amid Nuclear Power Demand
- IPO Valuation Target: Deep Fission aims for a valuation of approximately $1.66 billion in its U.S. IPO, seeking to capitalize on surging investor demand for nuclear power, particularly as AI-driven electricity consumption rises.
- Funding Size and Pricing: The company plans to raise up to $156 million by offering 6 million shares priced between $24 and $26 each, which will support the development of its small modular reactor technology.
- Market Demand Revival: With renewed interest in nuclear energy driven by data centers and AI applications, Deep Fission's IPO comes at a pivotal moment for nuclear developers, indicating a shift in public sentiment towards nuclear power.
- Technological Innovation and Policy Support: The company is developing a small modular reactor called the Gravity Reactor, leveraging established pressurized water reactor technology, and is benefiting from a series of executive orders from the Trump administration aimed at boosting domestic energy capacity and accelerating SMR deployment.
See More
Guggenheim Initiates Buy Rating on X-Energy with $57 Target
- Coverage Initiation: Guggenheim has initiated coverage of X-Energy with a 'Buy' rating and a $57 price target, indicating an upside of approximately 112.85% from its last closing price, reflecting the analyst's recognition of the company's leadership in next-generation nuclear technology.
- Market Attention: Despite X-Energy's stock price declining over 8% since its IPO, Wall Street's interest remains high, with at least eight analysts covering the company and price targets ranging from $28 to $41, demonstrating confidence in its long-term potential.
- Capital Efficiency: Guggenheim highlighted X-Energy's industry-leading contracted backlog and proprietary TRISO-X fuel technology, which is meltdown-proof, along with a capital-efficient licensing model that generates revenue without owning or operating facilities, enhancing the attractiveness of its business model.
- Amazon Support: Amazon owns about 20% of X-Energy and has invested $500 million to support the advancement of over 5 GW of new nuclear capacity in the U.S. by 2039, providing a solid foundation for X-Energy's future growth through strong capital backing.
See More
Analysts Initiate Coverage on X-Energy with Bullish Ratings
- Successful IPO: X-Energy raised nearly $1.02 billion by pricing over 44.25 million shares at $23 each during its Nasdaq debut, valuing the company at approximately $9.1 billion, reflecting strong market enthusiasm for nuclear energy and AI-driven electricity demand.
- Bullish Analyst Ratings: Guggenheim, TD Cowen, and UBS initiated coverage with Buy ratings and price targets of $57, $35, and $40 respectively, indicating confidence in X-Energy's future growth potential.
- Growing Market Demand: As major tech companies seek long-term electricity supplies to support AI infrastructure, X-Energy's small modular reactor (SMR) technology is positioned as a lower-cost and safer alternative to traditional nuclear plants, likely attracting more investor interest.
- Strategic Partnerships: X-Energy has secured agreements with companies like Amazon, Dow, and Centrica, showcasing strong backing in advanced nuclear development and further solidifying its market position.
See More
Latest Wall Street Ratings and Price Target Adjustments
- Micron Price Target Increase: Citigroup raised Micron Technology's price target from $425 to $840, anticipating a 40% increase in DRAM prices in Q2, which will significantly enhance its market competitiveness.
- Jazz Pharmaceuticals Upgrade: UBS upgraded Jazz Pharmaceuticals from Neutral to Buy and raised its price target from $188 to $307, driven by increased confidence in the commercial potential of its cancer drug Ziihera, which is expected to boost company performance.
- Nvidia Price Target Boost: HSBC raised Nvidia's price target from $295 to $325, expecting the company to exceed market expectations in its upcoming earnings report, further enhancing its profitability.
- Costco Price Target Increase: Oppenheimer raised Costco's price target from $1,100 to $1,160, believing that its defensive characteristics and superior value proposition will continue to drive market share growth, with potential catalysts for a special dividend or stock split.
See More
Texas Nuclear Project Environmental Assessment Completed
- Environmental Assessment Completed: The U.S. Nuclear Regulatory Commission has finalized its environmental assessment for Dow Inc. (DOW) and X-energy's (XE) construction permit application for an advanced nuclear project in Texas, confirming no significant impact, marking a key milestone for the project.
- Review Ahead of Schedule: The review was completed ahead of schedule, indicating strong regulatory support for the project, which may expedite subsequent construction processes and enhance investor confidence.
- Independent Analysis Validated: The NRC's assessment was based on extensive independent analysis of air quality, water resources, and local species habitats, adhering to globally recognized safety and environmental standards, ensuring the project's sustainability.
- Industrial Application Potential: The proposed Long Mott Generating Station will provide electricity and high-temperature industrial steam to Dow's UCC Seadrift Operations, expected to produce over 4 billion pounds of materials annually, becoming North America's first grid-scale advanced nuclear reactor serving an industrial site.
See More
