Amazon Absorbs $150M Uninsured AWS Loss as X-Energy Stake Hits $1.9B Value
Amazon takes an uninsured $150M hit after drone strikes disrupt AWS data centers in Bahrain and UAE, highlighting war-exclusion risk in its insurance policies. Its 29% X-Energy stake closed at $29.20 in its Nasdaq IPO, valuing Amazon’s holding at about $1.9B.
1. AWS Data Center Drone Strikes and Uninsured Loss
Last month, drones linked to Iran struck AWS data centers in Bahrain and the UAE, causing service disruptions for weeks and forcing Amazon to issue roughly $150M in customer credits. Standard policies exclude war-related damage, leaving Amazon to absorb losses and spotlighting a coverage gap in its global infrastructure insurance.
2. X-Energy IPO Valuation for Amazon’s Stake
Amazon held 65.8 million X-Energy shares (29%) before the IPO; X-Energy raised $1.02B and priced at $23, closing its debut at $29.20 on Nasdaq. That market close values Amazon’s stake at about $1.9B, reflecting investor appetite for advanced nuclear technologies driven by AI data center power demands.