Nuclear reactor company X-energy shares surge 26% as AI drives interest in its IPO
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- X‑Energy upsized its IPO to $23 per share, raised >$1 billion, and shares jumped 26% on debut.
- Amazon pledged to deploy 5 GW of X‑Energy reactors across the U.S. by 2039, starting with a 320‑MW project with Energy Northwest.
- Dow filed a joint NRC construction permit with X‑Energy for a Seadrift, Texas plant, beginning a review that will take 18 months.
- U.S. Department of Energy has funded X‑Energy’s development, including a $700 million Series D round in November.
- Centrica is among the partners in X‑Energy’s >11 GW order pipeline, reflecting broad industrial demand.
Why it matters: Investors gain $1 billion of new equity, and Amazon secures 5 GW of nuclear capacity by 2039, cutting U.S. reliance on imported oil amid the war while traditional utilities face tighter margins as the market shifts toward advanced reactors.
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