Amazon Backs X-Energy’s $800M IPO, Commits 5GW Power and Scales Autos Marketplace
Amazon-backed X-Energy plans an $800 million IPO, selling 43 million shares at $16–$19 to value the small modular reactor developer near $7.5 billion, leveraging Amazon’s $500 million investment plus a 5 GW power purchase commitment through 2039. Amazon is also scaling its Autos marketplace pilot into a nationwide platform by partnering with dealerships as advertisers without taking transaction cuts.
1. Amazon Backs X-Energy IPO
Amazon plans to support X-Energy’s IPO by selling 43 million shares priced at $16–$19, aiming to raise up to $800 million and valuing the small modular reactor developer near $7.5 billion. Amazon previously invested $500 million and committed to buy up to 5 GW of power through 2039, ensuring a long-term customer relationship.
2. Scaling Amazon Autos Marketplace
Amazon is expanding its Autos pilot into a nationwide marketplace by partnering with dealerships as enhanced advertisers rather than charging transaction fees. The move could broaden Amazon’s automotive footprint and generate new advertising revenue streams without direct sales commissions.