Amazon Absorbs $150M Uninsured Loss as X-Energy IPO Values Nuclear Developer at $12B
Amazon faced a $150M uninsured loss after drone strikes on AWS data centers in Bahrain and the UAE disrupted cloud services for weeks and forced costly customer credits. The company held 29% of X-Energy pre-IPO as the nuclear reactor developer surged 27% in its Nasdaq debut, valuing it at $12B.
1. AWS Data Center Drone Strikes and Financial Hit
Last month, drone attacks on AWS data centers in Bahrain and the UAE disrupted cloud operations for weeks and forced Amazon to issue roughly $150M in customer credits, which insurance policies did not cover.
2. Insurance Exclusions Exposed by Geopolitical Risks
Standard war exclusions in Amazon’s data center insurance left the company fully liable for damage linked to regional conflicts, underscoring a gap in coverage for strategic cloud infrastructure amid rising geopolitical tensions.
3. Amazon’s X-Energy Stake on $12B Valuation
Amazon held 65.8 million X-Energy shares, or about 29% of the company pre-IPO, as X-Energy raised $1.02 billion in its debut, surged 27% to $29.20, and garnered a fully diluted valuation of roughly $12 billion based on advanced nuclear reactor licensing deals.