TerraPower
This company is in the pipeline of America 2030, IPO CLUB’s short-term, actively managed secondary fund focused on U.S. defense, energy, security, and AI.
Updated in September 2026
TerraPower is a private company based in Bellevue, Washington. It has no stock ticker and has not announced an IPO. Its latest round was a $650 million raise in June 2025, at a $3.8 billion valuation, bringing total funding to about $1.6 billion.
Headquarter: Bellevue, Washington, USA
Year Founded: 2008
Leadership: Bill Gates, Chris Levesque
Industry Sectors: Nuclear energy; advanced nuclear reactor design; clean energy technology
Latest Funding Round: $650M private funding (mid-2025)
Total cumulative funding: $1,600M
Valuation: $3.8B
Is TerraPower A Public Company? No, it is privately held
What is TerraPower?
TerraPower is a private American nuclear energy technology company headquartered in Bellevue, Washington, focused on developing advanced nuclear power systems to deliver affordable, reliable, and carbon-free energy. Founded in 2008 by Bill Gates and a team of innovators to address climate change, energy security, and global electrification challenges, TerraPower aims to move beyond traditional nuclear technologies by creating next-generation reactors and nuclear science applications, including medical isotopes.
Technology & Products
TerraPower’s flagship offering is the Natrium® advanced nuclear reactor and energy storage system, a sodium-cooled fast reactor integrated with a high-capacity molten salt heat storage system that can provide both continuous baseload power and flexible output to support grids with renewable generation. The company is also developing other advanced reactor concepts, such as Molten Chloride Fast Reactor (MCFR) technology, expanding its portfolio of potential commercial nuclear solutions. TerraPower’s R&D extends to nuclear isotopes for medical and scientific uses.
Market Opportunity
TerraPower operates at the intersection of clean energy transition, energy grid modernization, and nuclear innovation. Its technologies target the growing demand for low-carbon, reliable electricity to support electrification, industrial decarbonization, and energy-intensive applications (e.g., data centers and AI infrastructure). Global and U.S. policy support for advanced nuclear and the need to replace retiring fossil fuel plants create significant market opportunity for advanced reactors like Natrium to compete with traditional generation sources.
Competitive Landscape
TerraPower competes within the advanced nuclear energy sector alongside companies developing small modular reactors (SMRs) and Generation IV technologies. Its Natrium design, backed by public-private partnerships including U.S. Department of Energy cost-sharing and significant private funding, positions it as one of the first advanced reactors moving toward commercial deployment, with construction underway in Wyoming and regulatory milestones achieved. While other developers pursue similar goals, TerraPower’s combination of advanced reactor design, integrated energy storage, high-profile backing, and diversified technology programs differentiates it from many peers.
How To Buy TerraPower Stock?
TerraPower is currently a private company and is not publicly traded on major stock exchanges like the NASDAQ or NYSE. This means you can buy shares through a pre-IPO platform or brokerage like IPO CLUB by becoming a FREE MEMBER.
TerraPower Natrium
This company is in the pipeline of America 2030, IPO CLUB’s short-term, actively managed secondary fund focused on U.S. defense, energy, security, and AI.
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FAQ
Last updated:
What is TerraPower's valuation?
TerraPower was valued at $3.8 billion after its $650 million raise in June 2025.
- Total funding raised is about $1.6 billion.
- TerraPower is private, so there is no public share price. Secondary transactions, when they happen, are limited and illiquid.
Who has invested in TerraPower?
Investors in TerraPower include NVentures, Bill Gates, HD Hyundai.
How can I invest in TerraPower pre-IPO through IPO CLUB?
TerraPower access on IPO CLUB is typically offered to accredited investors via curated secondary allocations, including the America 2030 Fund and Single-Name SPVs.
- You need to qualify as an accredited investor to participate.
- Availability depends on secondary supply and seller willingness.
- Access is provided through the America 2030 Fund or Single-Name SPVs.
Do you currently have access to TerraPower shares?
TerraPower availability on IPO CLUB can change and is generally limited to Single-Name SPVs.
- To check if TerraPower is currently on offer, register or log in to the IPO CLUB membership area and open Live Deals.
- Secondary allocations may open or close depending on seller participation.
- Access is provided through the America 2030 Fund or Single-Name SPVs.
Is TerraPower publicly traded, and does it have a stock ticker?
No. TerraPower is a private company, so it has no stock ticker, no stock symbol and no public share price.
- There is no public-market quote or ticker for TerraPower.
- Transactions, if available, are generally secondary and may be illiquid.
- Access is provided through the America 2030 Fund or Single-Name SPVs.
When is the TerraPower IPO?
TerraPower has not announced an IPO or a listing date.
- No IPO date is guaranteed or required for a secondary allocation.
- Timing can depend on market conditions and company decisions.
- Access is provided through the America 2030 Fund or Single-Name SPVs.
What security types are typically used for TerraPower transactions on IPO CLUB?
TerraPower exposure on IPO CLUB is typically provided to accredited investors through structured vehicles such as the America 2030 Fund and Single-Name SPVs used for curated secondary allocations.
- Single-Name SPVs are commonly used to pool investor participation.
- Member exposure is to an interest in the relevant vehicle, not necessarily direct shares.
- Final structure can vary by allocation and seller terms.
What are the risks of buying TerraPower pre-IPO shares?
TerraPower pre-IPO investing can be illiquid and high-risk, and IPO CLUB access is limited to accredited investors via curated secondary allocations through the America 2030 Fund and Single-Name SPVs.
- Liquidity risk: you may not be able to sell quickly or at a desired price.
- Execution risk: transfers can be delayed or blocked by restrictions.
- Timing risk: there may be no IPO or liquidity event on a predictable schedule.
Why might a TerraPower allocation not be confirmed?
TerraPower allocations can fail to confirm due to limited secondary supply, transfer restrictions, or changing seller terms.
- Supply can be oversubscribed or withdrawn by sellers.
- Transfer approvals or documentation issues can prevent closing.
- Allocation sizing can change based on final secondary availability.
TerraPower and America 2030 Latest News
Read IPO CLUB’s Energy research.
More in Energy: Newcleo, Redwood Materials, Crusoe and Aalo. See the Energy sector overview.
Sources:
TerraPower / Business Wire, "TerraPower Announces $650 Million Fundraise" (June 18, 2025):
TerraPower press release, "NRC Approves the Natrium® Reactor Construction Permit":
PR Newswire, "NRC Approves the Natrium® Reactor Construction Permit":
U.S. Department of Energy, "NRC Issues Construction Permit for TerraPower's Natrium Advanced Reactor":
GeekWire, "A nuclear first: TerraPower officially starts construction on next-gen Natrium plant in Wyoming" (April 2026):
U.S. Department of Energy, "U.S. Department of Energy Announces $160 Million in First Awards under Advanced Reactor Demonstration Program":
TerraPower, Natrium project page:
Wikipedia, TerraPower company profile:
