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While it looks like OpenAI's IPO has been put on ice as they try to paint SpaceX as the scapegoat, there's still one sector that simply can't launch the IPOs and SPACs fast enough.
After an announcement earlier this year that saw nuclear industrial company Holtec file privately for an IPO, one of the leading reactor developers X-energy debuted on the public market at an almost $10 billion valuation.
Since then, microreactor developer Hadron Energy has completed their SPAC merger and has subsequently been digging itself deeper into a hole every passing day…
There's now another reactor developer, NuCube, finding its way to the public market through a SPAC merger. This follows a similar announcement from European reactor developer newcleo that we detailed last month.
The company is joining a rapidly growing pool of startups looking to capitalize on the national energy security theme, with the added bonus of the AI revolution demanding a nuclear renaissance. Adding NuCube to the list, the number of public reactor development companies has now reached double digits:
• SMR - NuScale Power
• OKLO - Oklo Inc
• NNE - NANO Nuclear Energy
• IMSR - Terrestrial Energy
• NKLR - Terra Innovatum
• HDRN - Hadron Energy
• XE - X-energy
• FISN - Deep Fission
• NHIC (NWCL) - Newcleo
• LPBB (tbd) - NuCube Energy