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Netflix Is Going to Try to Make Live-Action ‘Assassin’s Creed’ Happen Again

Netflix Is Going to Try to Make Live-Action ‘Assassin’s Creed’ Happen Again

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In what might be the biggest flex from a streamer to assert dominance in the video game adaptation space, Netflix has announced that its next venture will be to create a live-action adaptation of Ubisoft’s megapopular series, Assassin’s Creed.

In a press release, Netflix announced that its live-action Assassin’s Creed series will be helmed by Emmy nominees Roberto Patino and David Wiener, who respectively worked on shows like Westworld, Sons of Anarchy, and Paramount’s own video game adaptation of Halo. While Netflix has yet to disclose any plot details for the project, it has confirmed that the series has been in development for nearly five years, with the project first being announced in 2020.

“We’ve been fans of Assassin’s Creed since its release in 2007. Every day we work on this show, we come away excited and humbled by the possibilities that Assassin’s Creed opens to us,” Wiener and Patino wrote in a joint statement. “Beneath the scope, the spectacle, the parkour, and the thrills is a baseline for the most essential kind of human story—about people searching for purpose, struggling with questions of identity and destiny and faith. It is about power and violence and sex and greed and vengeance.”

They continued, “But more than anything, this is a show about the value of human connection, across cultures, across time. And it’s about what we stand to lose as a species, when those connections break. We’ve got an amazing team behind us with the folks at Ubisoft and our champions at Netflix, and we’re committed to creating something undeniable for fans all over the planet.”

Based on Ubisoft’s 2007 game, Assassin’s Creed is a historical action-adventure game that follows the exploits of a secret order of Assassins who, throughout time, have influenced key historical events. The series, which has spawned a total of 14 games since its inception, has seen its heroes play pivotal roles in events from the Revolutionary War, Ancient Egypt, and the Sengoku Period, with its latest entry, Assassin’s Creed Shadows.

As many Assassin’s Creed fans will know, this isn’t the first time that a live-action adaptation has been attempted. Back in 2016, 20th Century Fox’s Michael Fassbender-led film tried to bring the sci-fi action fanfare to the silver screen, but despite Fassbender’s affinity for the games, it failed to wow fans or the box office.

Regardless of what’s ostensibly gaming’s golden goose, failing to nail its landing in live-action territory, Netflix executives, who in the same press release signaled toward past triumphs with Castlevania, Cyberpunk: Edgerunners, and Arcane, aren’t shying away from the challenge of doing better by the series than past attempts to adapt it.

“When we first announced our partnership with Ubisoft in 2020, we set out with an ambitious goal to bring the rich, expansive world of Assassin’s Creed to life in bold new ways,” Peter Friedlander, Netflix’s Vice President, wrote. “Now, after years of dedicated collaboration, it’s inspiring to see just how far that vision has come. Guided by the deft hands of Roberto Patino and David Wiener, the team has carefully crafted an epic adventure that both honors the legacy of the Assassin’s Creed franchise and invites longtime fans and newcomers alike to experience the thrill of the Brotherhood as never before.”

“We are so excited to work alongside Roberto, David, and our Netflix partners to bring this beloved franchise to series,” Margaret Boykin, executive producer and head of content at Ubisoft Film and Television, added. “We look forward to delivering an experience that speaks to the heart of what fans love about Assassin’s Creed, while introducing its unforgettable worlds and timeless themes to new audiences worldwide.”

As with everything live-action video game adaptation-related, time will tell whether the optimistic disposition of its executives shines through once Netflix’s Assassin’s Creed adaptation graces the screens of its once-bitten-twice-shy viewers.

Want more io9 news? Check out when to expect the latest Marvel, Star Wars, and Star Trek releases, what’s next for the DC Universe on film and TV, and everything you need to know about the future of Doctor Who.

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Val Kilmer AI deepfake film As Deep as the Grave has just released its first trailer. The internet has responded with overwhelming disgust.

A widely recognised actor known for his roles in films such as Top Gun, Batman Forever, and Kiss Kiss Bang Bang, Kilmer died from pneumonia last April at 65 years old. Upcoming film As Deep as the Grave has now used generative AI to create a digital puppet in Kilmer’s likeness, having it portray a character appearing in “a significant part” of the historical film.

As Deep as the Grave follows married archaeologists Ann Axtell Morris (Abigail Lawrie) and Earl H. Morris (Tom Felton), who conducted fieldwork in the U.S. southwest during the 1920s. Kilmer’s AI-generated likeness will be used to depict Father Fintan, a Catholic priest who is also a Native American spiritualist. The film also features Abigail Breslin, Wes Studi, and Finn Jones.

Though Kilmer was cast in As Deep as the Grave prior to his death, delays in production and issues with his health meant he never shot any scenes. Kilmer had previously given a tech-assisted performance in Top Gun: Maverick, which digitally altered his real voice. He also worked with UK company Sonantic to create an AI speaking voice based on his old recordings. However, As Deep as the Grave will be the first time his likeness and voice will be completely AI-generated in a film.

“Very fitting that this trailer includes a scene where a corpse is unceremoniously yanked out of the ground,” read one of the top comments on As Deep as the Grave‘s trailer at time of writing.

CGI likenesses of deceased actors have been used in feature films before. In 2016, Rogue One: A Star Wars Story gained attention for using CGI and motion capture to resurrect Peter Cushing and portray a younger Carrie Fisher for a few minutes of the film. In 2015, Furious 7 used similar techniques to insert Paul Walker into the remainder of the film after he died mid-shoot. Though Furious 7 largely received a pass due to the circumstances, Rogue One received criticism regarding the ethics of its CGI Cushing. Using generative AI to completely create a performance out of nothing appears to go a step even further, completely removing any actors from the process.

Writer and director Coerte Voorhees told Variety that he chose to use AI rather than recast the role due to budget constraints, and that Kilmer’s children gave the project their blessing. Even so, online commenters have labelled it disgusting and disrespectful, not only for digitally reanimating Kilmer but also for the damaging precedent As Deep as the Grave‘s use of AI could set for the film industry as a whole.

#Val #Kilmer #deepfake #Deep #Grave #trailer #sparks #outrage">Val Kilmer AI deepfake in ‘As Deep as the Grave’ trailer sparks outrage Val Kilmer AI deepfake film As Deep as the Grave has just released its first trailer. The internet has responded with overwhelming disgust.A widely recognised actor known for his roles in films such as Top Gun, Batman Forever, and Kiss Kiss Bang Bang, Kilmer died from pneumonia last April at 65 years old. Upcoming film As Deep as the Grave has now used generative AI to create a digital puppet in Kilmer’s likeness, having it portray a character appearing in “a significant part” of the historical film.As Deep as the Grave follows married archaeologists Ann Axtell Morris (Abigail Lawrie) and Earl H. Morris (Tom Felton), who conducted fieldwork in the U.S. southwest during the 1920s. Kilmer’s AI-generated likeness will be used to depict Father Fintan, a Catholic priest who is also a Native American spiritualist. The film also features Abigail Breslin, Wes Studi, and Finn Jones.Though Kilmer was cast in As Deep as the Grave prior to his death, delays in production and issues with his health meant he never shot any scenes. Kilmer had previously given a tech-assisted performance in Top Gun: Maverick, which digitally altered his real voice. He also worked with UK company Sonantic to create an AI speaking voice based on his old recordings. However, As Deep as the Grave will be the first time his likeness and voice will be completely AI-generated in a film.“Very fitting that this trailer includes a scene where a corpse is unceremoniously yanked out of the ground,” read one of the top comments on As Deep as the Grave‘s trailer at time of writing. CGI likenesses of deceased actors have been used in feature films before. In 2016, Rogue One: A Star Wars Story gained attention for using CGI and motion capture to resurrect Peter Cushing and portray a younger Carrie Fisher for a few minutes of the film. In 2015, Furious 7 used similar techniques to insert Paul Walker into the remainder of the film after he died mid-shoot. Though Furious 7 largely received a pass due to the circumstances, Rogue One received criticism regarding the ethics of its CGI Cushing. Using generative AI to completely create a performance out of nothing appears to go a step even further, completely removing any actors from the process.Writer and director Coerte Voorhees told Variety that he chose to use AI rather than recast the role due to budget constraints, and that Kilmer’s children gave the project their blessing. Even so, online commenters have labelled it disgusting and disrespectful, not only for digitally reanimating Kilmer but also for the damaging precedent As Deep as the Grave‘s use of AI could set for the film industry as a whole. #Val #Kilmer #deepfake #Deep #Grave #trailer #sparks #outrage

Val Kilmer AI deepfake film As Deep as the Grave has just released its first trailer. The internet has responded with overwhelming disgust.

A widely recognised actor known for his roles in films such as Top Gun, Batman Forever, and Kiss Kiss Bang Bang, Kilmer died from pneumonia last April at 65 years old. Upcoming film As Deep as the Grave has now used generative AI to create a digital puppet in Kilmer’s likeness, having it portray a character appearing in “a significant part” of the historical film.

As Deep as the Grave follows married archaeologists Ann Axtell Morris (Abigail Lawrie) and Earl H. Morris (Tom Felton), who conducted fieldwork in the U.S. southwest during the 1920s. Kilmer’s AI-generated likeness will be used to depict Father Fintan, a Catholic priest who is also a Native American spiritualist. The film also features Abigail Breslin, Wes Studi, and Finn Jones.

Though Kilmer was cast in As Deep as the Grave prior to his death, delays in production and issues with his health meant he never shot any scenes. Kilmer had previously given a tech-assisted performance in Top Gun: Maverick, which digitally altered his real voice. He also worked with UK company Sonantic to create an AI speaking voice based on his old recordings. However, As Deep as the Grave will be the first time his likeness and voice will be completely AI-generated in a film.

“Very fitting that this trailer includes a scene where a corpse is unceremoniously yanked out of the ground,” read one of the top comments on As Deep as the Grave‘s trailer at time of writing.

CGI likenesses of deceased actors have been used in feature films before. In 2016, Rogue One: A Star Wars Story gained attention for using CGI and motion capture to resurrect Peter Cushing and portray a younger Carrie Fisher for a few minutes of the film. In 2015, Furious 7 used similar techniques to insert Paul Walker into the remainder of the film after he died mid-shoot. Though Furious 7 largely received a pass due to the circumstances, Rogue One received criticism regarding the ethics of its CGI Cushing. Using generative AI to completely create a performance out of nothing appears to go a step even further, completely removing any actors from the process.

Writer and director Coerte Voorhees told Variety that he chose to use AI rather than recast the role due to budget constraints, and that Kilmer’s children gave the project their blessing. Even so, online commenters have labelled it disgusting and disrespectful, not only for digitally reanimating Kilmer but also for the damaging precedent As Deep as the Grave‘s use of AI could set for the film industry as a whole.

#Val #Kilmer #deepfake #Deep #Grave #trailer #sparks #outrage">Val Kilmer AI deepfake in ‘As Deep as the Grave’ trailer sparks outrage

Val Kilmer AI deepfake film As Deep as the Grave has just released its first trailer. The internet has responded with overwhelming disgust.

A widely recognised actor known for his roles in films such as Top Gun, Batman Forever, and Kiss Kiss Bang Bang, Kilmer died from pneumonia last April at 65 years old. Upcoming film As Deep as the Grave has now used generative AI to create a digital puppet in Kilmer’s likeness, having it portray a character appearing in “a significant part” of the historical film.

As Deep as the Grave follows married archaeologists Ann Axtell Morris (Abigail Lawrie) and Earl H. Morris (Tom Felton), who conducted fieldwork in the U.S. southwest during the 1920s. Kilmer’s AI-generated likeness will be used to depict Father Fintan, a Catholic priest who is also a Native American spiritualist. The film also features Abigail Breslin, Wes Studi, and Finn Jones.

Though Kilmer was cast in As Deep as the Grave prior to his death, delays in production and issues with his health meant he never shot any scenes. Kilmer had previously given a tech-assisted performance in Top Gun: Maverick, which digitally altered his real voice. He also worked with UK company Sonantic to create an AI speaking voice based on his old recordings. However, As Deep as the Grave will be the first time his likeness and voice will be completely AI-generated in a film.

“Very fitting that this trailer includes a scene where a corpse is unceremoniously yanked out of the ground,” read one of the top comments on As Deep as the Grave‘s trailer at time of writing.

CGI likenesses of deceased actors have been used in feature films before. In 2016, Rogue One: A Star Wars Story gained attention for using CGI and motion capture to resurrect Peter Cushing and portray a younger Carrie Fisher for a few minutes of the film. In 2015, Furious 7 used similar techniques to insert Paul Walker into the remainder of the film after he died mid-shoot. Though Furious 7 largely received a pass due to the circumstances, Rogue One received criticism regarding the ethics of its CGI Cushing. Using generative AI to completely create a performance out of nothing appears to go a step even further, completely removing any actors from the process.

Writer and director Coerte Voorhees told Variety that he chose to use AI rather than recast the role due to budget constraints, and that Kilmer’s children gave the project their blessing. Even so, online commenters have labelled it disgusting and disrespectful, not only for digitally reanimating Kilmer but also for the damaging precedent As Deep as the Grave‘s use of AI could set for the film industry as a whole.

#Val #Kilmer #deepfake #Deep #Grave #trailer #sparks #outrage

The feature was expanded in January to give parents some control over how long their kids spend scrolling through Shorts, with an option for zero minutes “coming soon.” According to YouTube spokesperson Makenzie Spiller, the option to set the timer to zero is now “live for all parents, and is currently being rolled out to everyone,” including users with regular adult accounts.

Regardless of age, it can be a handy tool for anyone who wants to spend a little less time scrolling. The Shorts tab won’t show any videos once you hit your limit, just a notification that you’ve “reached your Shorts feed limit.” In our tests, hitting the time limit also removes Shorts from the Home screen, so by setting the timer to zero you can ignore Shorts entirely if you want. To turn on the timer, go to the settings in the YouTube app and select “time management” then toggle on the Shorts feed limit and select a time for it.

#YouTube #lets #turn #ShortsNews,Social Media,Streaming,Tech,YouTube">YouTube now lets you turn off ShortsYouTube’s time management settings now have an option to put a zero-minute time limit on Shorts, effectively removing them from your app in Android and iOS. The option is an update to the Shorts timer YouTube originally announced in October; the lowest previous option was 15 minutes.The feature was expanded in January to give parents some control over how long their kids spend scrolling through Shorts, with an option for zero minutes “coming soon.” According to YouTube spokesperson Makenzie Spiller, the option to set the timer to zero is now “live for all parents, and is currently being rolled out to everyone,” including users with regular adult accounts.Regardless of age, it can be a handy tool for anyone who wants to spend a little less time scrolling. The Shorts tab won’t show any videos once you hit your limit, just a notification that you’ve “reached your Shorts feed limit.” In our tests, hitting the time limit also removes Shorts from the Home screen, so by setting the timer to zero you can ignore Shorts entirely if you want. To turn on the timer, go to the settings in the YouTube app and select “time management” then toggle on the Shorts feed limit and select a time for it.#YouTube #lets #turn #ShortsNews,Social Media,Streaming,Tech,YouTube

originally announced in October; the lowest previous option was 15 minutes.

The feature was expanded in January to give parents some control over how long their kids spend scrolling through Shorts, with an option for zero minutes “coming soon.” According to YouTube spokesperson Makenzie Spiller, the option to set the timer to zero is now “live for all parents, and is currently being rolled out to everyone,” including users with regular adult accounts.

Regardless of age, it can be a handy tool for anyone who wants to spend a little less time scrolling. The Shorts tab won’t show any videos once you hit your limit, just a notification that you’ve “reached your Shorts feed limit.” In our tests, hitting the time limit also removes Shorts from the Home screen, so by setting the timer to zero you can ignore Shorts entirely if you want. To turn on the timer, go to the settings in the YouTube app and select “time management” then toggle on the Shorts feed limit and select a time for it.

#YouTube #lets #turn #ShortsNews,Social Media,Streaming,Tech,YouTube">YouTube now lets you turn off Shorts

YouTube’s time management settings now have an option to put a zero-minute time limit on Shorts, effectively removing them from your app in Android and iOS. The option is an update to the Shorts timer YouTube originally announced in October; the lowest previous option was 15 minutes.

The feature was expanded in January to give parents some control over how long their kids spend scrolling through Shorts, with an option for zero minutes “coming soon.” According to YouTube spokesperson Makenzie Spiller, the option to set the timer to zero is now “live for all parents, and is currently being rolled out to everyone,” including users with regular adult accounts.

Regardless of age, it can be a handy tool for anyone who wants to spend a little less time scrolling. The Shorts tab won’t show any videos once you hit your limit, just a notification that you’ve “reached your Shorts feed limit.” In our tests, hitting the time limit also removes Shorts from the Home screen, so by setting the timer to zero you can ignore Shorts entirely if you want. To turn on the timer, go to the settings in the YouTube app and select “time management” then toggle on the Shorts feed limit and select a time for it.

#YouTube #lets #turn #ShortsNews,Social Media,Streaming,Tech,YouTube
Nuclear startup X-energy began its investor roadshow Wednesday as it works toward its IPO, setting its target price between $16 and $19 per share, according to documents filed with the U.S. Securities and Exchange Commission. If it lists at the high end, the startup could net about $814 million.

X-energy and its peers have been riding a renewed wave of interest in fission power as demand for electricity has surged on the back of AI data centers and societywide electrification. 

Amazon is one of X-energy’s biggest backers. The tech giant led a $500 million Series C-1 round and has pledged to buy as much as 5 gigawatts of nuclear power from the company by 2039.

The IPO is sure to come as a relief to X-energy’s investors, which have put about $1.8 billion into the company, according to PitchBook. The startup had previously attempted to go public via reverse merger with a special purpose acquisition company, but the two parties canceled the deal in 2023 as the SPAC craze petered out.

X-energy’s reactor is what’s known as a high-temperature, gas-cooled reactor. Inside, uranium encased in spheres of ceramic and carbon is cooled by helium gas. The gas then transfers heat to a steam turbine loop to generate electricity. The fuel design, known as TRISO, is expected to be safer than previous fuel arrangements, though it’s not widely used today.

The startup said in its SEC filing that it’s already embroiled in a patent dispute with another company that recently went bankrupt. Ultra Safe Nuclear Corporation (USNC) went bankrupt in 2024, and its assets were purchased in bankruptcy to form Standard Nuclear. X-energy alleges that USNC infringed on its fuel fabrication patents and that the matter hasn’t been resolved to its satisfaction during the course of the bankruptcy proceedings.

Outside of China, development of new nuclear reactors has all but stalled, stymied by delays and cost overruns. A new breed of startups hopes that by shrinking reactors, they’ll be able to overcome some of the challenges that have beset traditional designs.

Techcrunch event

San Francisco, CA | October 13-15, 2026

None of the small modular reactor startups have built a power plant yet, though several are racing to meet a deadline of July 4 set by the Trump administration.

While many might miss the arbitrary deadline, they’re still likely to achieve criticality, the moment when fission reactions become self-sustaining.

But the road from criticality to profitable power plants is likely to be long. Mass manufacturing can help bring costs down, but it usually takes around a decade for the process to start paying dividends. What’s more, the number of reactors these companies are planning to build might be more than other companies have attempted, but it might not be high enough to reap the true benefits of mass manufacturing.

X-energy expects that by the time its reactor production techniques are mature — what experts call “Nth-of-a-kind” — it will be able to bring costs down by 30% relative to the first-of-a-kind. Investors should pay close attention to how much that first reactor costs. It could make or break the company’s prospects.

#Amazonbacked #Xenergy #files #raise #800M #IPO #TechCrunchAmazon,IPO,nuclear fission,nuclear power,X-Energy">Amazon-backed X-energy files to raise up to 0M in IPO | TechCrunch Nuclear startup X-energy began its investor roadshow Wednesday as it works toward its IPO, setting its target price between and per share, according to documents filed with the U.S. Securities and Exchange Commission. If it lists at the high end, the startup could net about 4 million. X-energy and its peers have been riding a renewed wave of interest in fission power as demand for electricity has surged on the back of AI data centers and societywide electrification.  Amazon is one of X-energy’s biggest backers. The tech giant led a 0 million Series C-1 round and has pledged to buy as much as 5 gigawatts of nuclear power from the company by 2039. The IPO is sure to come as a relief to X-energy’s investors, which have put about .8 billion into the company, according to PitchBook. The startup had previously attempted to go public via reverse merger with a special purpose acquisition company, but the two parties canceled the deal in 2023 as the SPAC craze petered out. X-energy’s reactor is what’s known as a high-temperature, gas-cooled reactor. Inside, uranium encased in spheres of ceramic and carbon is cooled by helium gas. The gas then transfers heat to a steam turbine loop to generate electricity. The fuel design, known as TRISO, is expected to be safer than previous fuel arrangements, though it’s not widely used today. The startup said in its SEC filing that it’s already embroiled in a patent dispute with another company that recently went bankrupt. Ultra Safe Nuclear Corporation (USNC) went bankrupt in 2024, and its assets were purchased in bankruptcy to form Standard Nuclear. X-energy alleges that USNC infringed on its fuel fabrication patents and that the matter hasn’t been resolved to its satisfaction during the course of the bankruptcy proceedings. Outside of China, development of new nuclear reactors has all but stalled, stymied by delays and cost overruns. A new breed of startups hopes that by shrinking reactors, they’ll be able to overcome some of the challenges that have beset traditional designs. Techcrunch event San Francisco, CA | October 13-15, 2026 None of the small modular reactor startups have built a power plant yet, though several are racing to meet a deadline of July 4 set by the Trump administration. While many might miss the arbitrary deadline, they’re still likely to achieve criticality, the moment when fission reactions become self-sustaining. But the road from criticality to profitable power plants is likely to be long. Mass manufacturing can help bring costs down, but it usually takes around a decade for the process to start paying dividends. What’s more, the number of reactors these companies are planning to build might be more than other companies have attempted, but it might not be high enough to reap the true benefits of mass manufacturing. X-energy expects that by the time its reactor production techniques are mature — what experts call “Nth-of-a-kind” — it will be able to bring costs down by 30% relative to the first-of-a-kind. Investors should pay close attention to how much that first reactor costs. It could make or break the company’s prospects. #Amazonbacked #Xenergy #files #raise #800M #IPO #TechCrunchAmazon,IPO,nuclear fission,nuclear power,X-Energy

documents filed with the U.S. Securities and Exchange Commission. If it lists at the high end, the startup could net about $814 million.

X-energy and its peers have been riding a renewed wave of interest in fission power as demand for electricity has surged on the back of AI data centers and societywide electrification. 

Amazon is one of X-energy’s biggest backers. The tech giant led a $500 million Series C-1 round and has pledged to buy as much as 5 gigawatts of nuclear power from the company by 2039.

The IPO is sure to come as a relief to X-energy’s investors, which have put about $1.8 billion into the company, according to PitchBook. The startup had previously attempted to go public via reverse merger with a special purpose acquisition company, but the two parties canceled the deal in 2023 as the SPAC craze petered out.

X-energy’s reactor is what’s known as a high-temperature, gas-cooled reactor. Inside, uranium encased in spheres of ceramic and carbon is cooled by helium gas. The gas then transfers heat to a steam turbine loop to generate electricity. The fuel design, known as TRISO, is expected to be safer than previous fuel arrangements, though it’s not widely used today.

The startup said in its SEC filing that it’s already embroiled in a patent dispute with another company that recently went bankrupt. Ultra Safe Nuclear Corporation (USNC) went bankrupt in 2024, and its assets were purchased in bankruptcy to form Standard Nuclear. X-energy alleges that USNC infringed on its fuel fabrication patents and that the matter hasn’t been resolved to its satisfaction during the course of the bankruptcy proceedings.

Outside of China, development of new nuclear reactors has all but stalled, stymied by delays and cost overruns. A new breed of startups hopes that by shrinking reactors, they’ll be able to overcome some of the challenges that have beset traditional designs.

Techcrunch event

San Francisco, CA | October 13-15, 2026

None of the small modular reactor startups have built a power plant yet, though several are racing to meet a deadline of July 4 set by the Trump administration.

While many might miss the arbitrary deadline, they’re still likely to achieve criticality, the moment when fission reactions become self-sustaining.

But the road from criticality to profitable power plants is likely to be long. Mass manufacturing can help bring costs down, but it usually takes around a decade for the process to start paying dividends. What’s more, the number of reactors these companies are planning to build might be more than other companies have attempted, but it might not be high enough to reap the true benefits of mass manufacturing.

X-energy expects that by the time its reactor production techniques are mature — what experts call “Nth-of-a-kind” — it will be able to bring costs down by 30% relative to the first-of-a-kind. Investors should pay close attention to how much that first reactor costs. It could make or break the company’s prospects.

#Amazonbacked #Xenergy #files #raise #800M #IPO #TechCrunchAmazon,IPO,nuclear fission,nuclear power,X-Energy">Amazon-backed X-energy files to raise up to $800M in IPO | TechCrunch

Nuclear startup X-energy began its investor roadshow Wednesday as it works toward its IPO, setting its target price between $16 and $19 per share, according to documents filed with the U.S. Securities and Exchange Commission. If it lists at the high end, the startup could net about $814 million.

X-energy and its peers have been riding a renewed wave of interest in fission power as demand for electricity has surged on the back of AI data centers and societywide electrification. 

Amazon is one of X-energy’s biggest backers. The tech giant led a $500 million Series C-1 round and has pledged to buy as much as 5 gigawatts of nuclear power from the company by 2039.

The IPO is sure to come as a relief to X-energy’s investors, which have put about $1.8 billion into the company, according to PitchBook. The startup had previously attempted to go public via reverse merger with a special purpose acquisition company, but the two parties canceled the deal in 2023 as the SPAC craze petered out.

X-energy’s reactor is what’s known as a high-temperature, gas-cooled reactor. Inside, uranium encased in spheres of ceramic and carbon is cooled by helium gas. The gas then transfers heat to a steam turbine loop to generate electricity. The fuel design, known as TRISO, is expected to be safer than previous fuel arrangements, though it’s not widely used today.

The startup said in its SEC filing that it’s already embroiled in a patent dispute with another company that recently went bankrupt. Ultra Safe Nuclear Corporation (USNC) went bankrupt in 2024, and its assets were purchased in bankruptcy to form Standard Nuclear. X-energy alleges that USNC infringed on its fuel fabrication patents and that the matter hasn’t been resolved to its satisfaction during the course of the bankruptcy proceedings.

Outside of China, development of new nuclear reactors has all but stalled, stymied by delays and cost overruns. A new breed of startups hopes that by shrinking reactors, they’ll be able to overcome some of the challenges that have beset traditional designs.

Techcrunch event

San Francisco, CA | October 13-15, 2026

None of the small modular reactor startups have built a power plant yet, though several are racing to meet a deadline of July 4 set by the Trump administration.

While many might miss the arbitrary deadline, they’re still likely to achieve criticality, the moment when fission reactions become self-sustaining.

But the road from criticality to profitable power plants is likely to be long. Mass manufacturing can help bring costs down, but it usually takes around a decade for the process to start paying dividends. What’s more, the number of reactors these companies are planning to build might be more than other companies have attempted, but it might not be high enough to reap the true benefits of mass manufacturing.

X-energy expects that by the time its reactor production techniques are mature — what experts call “Nth-of-a-kind” — it will be able to bring costs down by 30% relative to the first-of-a-kind. Investors should pay close attention to how much that first reactor costs. It could make or break the company’s prospects.

#Amazonbacked #Xenergy #files #raise #800M #IPO #TechCrunchAmazon,IPO,nuclear fission,nuclear power,X-Energy

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