Explore the potential to own TerraPower stock in the years ahead. Get access to select pre-IPO companies at Equitybee.
TerraPower Stock IPO News
05/08/2023: ABC: Bill Gates on the future of nuclear energy, AI
05/06/2023: Bill Gates powers up bid for new nuclear reactors in Britain
05/05/2023: Gate: I’m in Wyoming to celebrate a nuclear breakthrough
04/03/2023: How TerraPower is putting $830M to use
02/10/2023: Gates: Nuclear waste is not a reason to avoid nuclear energy
01/13/2022: Bill Gates: Nuclear can be ‘super safe’
11/21/2022: Nuclear Power Has One Last Chance to Flourish in the US
What is TerraPower?
TerraPower is a nuclear power company creating a smarter, safer, and more efficient way to generate power to reduce carbon emissions in the 21st century.
The company was founded by Bill Gates and “like-minded” investors. It aims to fully scale its nuclear reactor design by the end of the decade.
As the world population grows and the global economy shifts toward electric vehicles, renewable fuels such as solar and wind will not be enough to support clean energy demand.
Modernized nuclear power and possibly fusion technology from the likes of Helion Energy are innovative solutions to power the planet more cleanly and efficiently.
TerraPower’s design uses less radioactive fuel and reduces safety risks and waste. It uses molten sodium to store energy, giving it the flexibility to release energy when demand increases.
This webinar gives an excellent overview of the technology.
The company is in the early stages of prototyping and building its 345-megawatt sodium-cooled Natrium power plant in Wyoming and plans to build a second facility in Idaho. The U.S. government will fund about half of the $4 billion Wyoming project.
The video below explains more about the case for nuclear power.
Is TerraPower Stock Publicly Traded?
No. TerraPower is privately owned.
Shareholders include Bill Gates, the billionaire founder of Microsoft, and investors Intellectual Ventures, SK Group, ArcelorMittal, and CRV.
It also raises funds for operations through federal grants.
When is the TerraPower IPO Date?
The TerraPower IPO date is currently unknown. The company is likely several years away from an IPO.
Building nuclear power plants is capital-intensive and takes many years due to safety and environmental concerns. The designs are highly complex.
Therefore, TerraPower is likely at least five years away from generating any power or revenue.
We won’t get a better sense of the TerraPower IPO date until we learn about its progress in verifying its prototypes.
These other events down the line can also give us clues as to when the IPO is nearing:
- The company announces another funding round
- New information about the TerraPower IPO date leaks to the financial press
- TerraPower announces (or leaks) that it filed an S-1 confidentially with the SEC
- The SEC releases a publicly available TerraPower S-1 filing
- Announcement (or press leak) of a forthcoming SPAC merger
- TerraPower selects a lead underwriter or banking partner for the IPO
These milestones and announcements will serve as supporting evidence of progress toward a forthcoming public offering. But again, the author doesn’t expect an IPO for at least five years.
Bookmark this page for the latest TerraPower stock and IPO news.
What is the TerraPower Stock Price?
Since TerraPower is not publicly traded on a stock exchange, there is no TerraPower stock price yet.
The company and its underwriters won’t publicize an estimated IPO price range until after the initial S-1 filing is made with the Securities and Exchange Commission (SEC).
What is the TerraPower Stock Symbol? TerraPower Ticker?
TerraPower has not yet submitted public filings to the SEC. Therefore, we don’t know what the TerraPower stock symbol will be or if it will ever go public at all.
But we can speculate. Here are a few stock symbol suggestions available in the U.S.
Can you Invest in TerraPower Stock Today?
How to Buy TerraPower Stock in the Future
Generally, it’s challenging to acquire shares of high-demand pre-IPO companies. Most investors will need to settle for buying the stock after it begins trading.
IPO underwriters typically give their best customers access first, then allocate shares to certain institutions and brokers often tied by existing relationships.
When the largest brokers receive IPO shares, they divvy them up amongst their eligible customers, prioritizing their most valued customers first (wealthiest).
For high-demand deals, most investors will not get shares.
Here are three potential ways to own TerraPower stock when the company is closer to becoming publicly traded.
- Attempt to acquire TerraPower pre-IPO
- Buy TerraPower stock in the TerraPower IPO through an IPO-friendly broker
- Buy TerraPower stock after it begins trading
Attempt to acquire TerraPower Pre-IPO
Over the past decade, a handful of pre-IPO investing platforms have emerged to provide liquidity to early equity owners (e.g., employees).
Equitybee, for example, provides accredited investors access to pre-IPO startups by funding employee stock options. In exchange, investors gain a portion of the future stock value. Other platforms include EquityZen, Forge Global, and Linqto.
Shares also become available when employees or other early investors want to liquidate a portion of their shares without waiting for the IPO.
To be eligible to buy pre-IPO shares, investors must first be accredited, meaning a net worth above $1 million (not including primary residence) or an income above $200,000 (or $300,000 with a spouse).
Investors must also be registered and approved on pre-IPO investing platforms to receive notifications when shares become available.
The author has seen no evidence of pre-IPO access to TerraPower since its founding.
Buy TerraPower stock during the TerraPower IPO
Interested investors may find opportunities to invest during the IPO. That means acquiring shares at the IPO price the night before the company begins trading.
However, the IPO is likely several years away.
Once reserved for Wall Street’s wealthiest customers, IPO access has become more attainable to retail investors in the past five years.
Online brokers such as the following give customers free access to IPOs, even with low account balances.
TradeStation has a longer track record of accessing more than 300 IPOs and secondary offerings via its partnership with ClickIPO.
Robinhood and SoFi have the advantage of Silicon Valley networks and a history of getting allocations for high-profile IPOs (e.g., Sweetgreen, Rivian).
Check out this list of best brokers for IPO investing to learn more about IPO access for retail investors.
Buy TerraPower stock after it begins trading
Most investors will not be able to own TerraPower stock until after the IPO. We have no idea when the IPO will occur at this early stage.
It’s likely years away.
The Wyoming powerplant is not expected to begin operating until 2030, presumably marking the onset of significant revenue generations.
With the deep-pocketed and purpose-driven Bill Gates being a primary investor, TerraPower does not need individual investors’ dollars. Venture capital and private investors will be eager to invest before an IPO.
Unfortunately, investors will struggle to become investors soon unless TerraPower becomes available on a pre-IPO platform. Even then, shares will be limited.
By the time the IPO arrives, the private valuation will be fair and several billion dollars higher than where it is today. At the IPO, it will become a typical utility stock (slow growth, reliable cash flow) and probably not a fast-growing company.
Best Brokers to Buy TerraPower Stock (after the IPO)
What is the best online brokerage for buying TerraPower stock when it begins trading?
If you want to attempt to participate in IPOs, TradeStation is the best low-minimum IPO investing broker for investors with assets under $100,000.
Joining a broker that offers access to IPOs does not guarantee a share allocation, especially in high-demand IPOs. You are probably better off waiting for the company to start trading after the IPO.
Long-term buy-and-hold investors may prefer a broker not as geared toward frequent trading.
As an individual investor, you’ll want to open an account with a commission-free online broker. That way, you’ll invest most of your money instead of wasting it on fees.
I’m a big fan of the online brokerage M1 Finance. M1 Finance is a reliable and robust, no-fee online broker for beginner to advanced investors.
As your investing skills and portfolio mature, M1 is one of the best platforms to scale.
Investing in stocks is 100% free on the platform. They also offer an integrated checking account and low borrowing rates. Read my complete M1 Finance review here.
The platform is more intuitive than traditional brokers because it’s built on a modern technology platform. You create portfolio “pies” that contain all the stocks and ETFs you want to own and in what percentages. Add TerraPower stock to your portfolio pie once it begins trading.
M1 Finance does not offer IPO access. But it’s my favorite for long-term investing, which is my preferred strategy for disruptive IPO companies.
Where can I find the TerraPower S-1 Filing?
The TerraPower S-1 filing is not yet available. Once it is public, we’ll post it here.
Startups often file their S-1s confidentially a few months before the public release. News of a confidential filing will help determine the TerraPower IPO date.
You can find a real-time SEC feed of the latest IPO filings from companies on the recent S-1 filings page.
Will There be a TerraPower SPAC Merger?
A SPAC is a special purpose acquisition company, also known as a blank check company. They are shell companies designed to help established businesses go public without a traditional IPO.
The SPAC company merges with the established company and takes on the established company’s name. It’s also known as a reverse merger.
Using a SPAC to go public allows the company to skip the complicated and expensive IPO process.
Not all companies are ready to IPO, making SPACs an attractive alternative to an IPO where the company can still raise new funds.
However, the more established a company is, the more resources it can hire to facilitate the traditional IPO process.
At this early stage, the author believes it is more likely that TerraPower will eventually conduct a traditional IPO versus a SPAC merger.
Neither is likely in the next three years.
TerraPower News Archive
11/07/2022: ArcelorMittal invests $25 million in TerraPower
08/15/2022: South Korea’s SK invests $250 million in TerraPower
05/10/2022: How to Speed Up the Rollout of Small Nuclear Power Plants
03/10/2022: TerraPower wins $8.5M in federal funding for conversion of used nuclear fuel
12/31/2021: Japan to help build Bill Gates’ high-tech nuclear reactor in Wyoming
11/23/2021: TerraPower Will Build Experimental Nuclear Reactor in Idaho
11/16/2021: Bill Gates’ $4 billion high-tech nuclear reactor set for Wyoming coal site
* Disclosure: The web page contains affiliate links from our partners. If a reader opens an account or buys a service from a link in this article, we may be compensated at no additional cost to the reader. Opening an account with a broker that provides access to IPOs does not guarantee the customer allocations of specific IPOs. The author is long TSLA, ABNB, AMZN.
Alexander M Garcia says
When will terrapower be publicly traded
Access IPOs says
The TerraPower IPO date is currently unknown. I believe it is likely at least five years away. The company needs to complete its proof of concept facility, start generating revenue, and invest in future installations of its power generating facilities before going public. If the company pursues private funding rounds and early investors look to cash out, retail investors may get a chance to invest pre-IPO. Nuclear power is a very slow-moving industry, so we’ll likely need to be patient with this company.