Trump nuclear power investment in Westinghouse could lead to IPO with U.S. government as shareholder

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The Trump administration’s plan to spend tens of billions of dollars on Westinghouse nuclear plants could transform it into an independent, publicly traded company with the U.S. government as a major shareholder.

The Commerce Department signed a deal last week with Westinghouse owners Cameco

and Brookfield Asset Management to spend $80 billion to build the company’s nuclear plants across the U.S.

Under the deal, the U.S. government is granted a participation interest in Westinghouse and can require an initial public offering on or before January 2029 if the company’s value surges to $30 billion or more.