Nuclear startup X-energy hit the road today to sell prospective investors on its initial public offering.
It’s the first permit to be issued by the Nuclear Regulatory Commission in nearly a decade.
The new rules apply to nuclear reactors built on Department of Energy property, which includes several currently being developed by startups.
Investors including a16z are betting that nuclear industry suppliers will be the big winners of the AI demand-driven nuclear renaissance.
Small modular reactor startups are betting that mass manufacturing will help them bring costs down. But are they underestimating the challenge?