Westinghouse confidentially filed for an IPO in July, nine years after a 2017 bankruptcy caused by delays and cost overruns at Georgia’s Vogtle nuclear project. The listing schedule and offering size remain undecided, while market estimates place the company’s enterprise value at $15 billion to $20 billion. Brookfield and Cameco acquired Westinghouse for $8 billion in 2023, valuing its nuclear fuel and services businesses while assigning no value to construction. The recovery is being supported by AI data-center electricity demand and the Trump administration’s nuclear expansion agenda, including a goal of raising U.S. nuclear capacity from roughly 100 GW to 400 GW by 2050. Westinghouse’s AP1000 reactor is central to that strategy, with potential overseas demand also emerging through a U.S.-Saudi 123 Agreement under which the company is expected to be the exclusive AP1000 supplier.