Amazon-Backed X-Energy Raises $1.02B IPO, Values Firm at $9.1B
Amazon-backed nuclear energy firm X-Energy raised $1.02 billion in an upsized IPO by selling 44.3 million shares at $23 each, valuing the company at $9.1 billion. Its Triso-pebble small modular reactors target AI data centers and industrial facilities under agreements with Amazon and Dow.
1. IPO Raises $1.02 Billion
X-Energy sold 44.3 million shares at $23 each in an upsized offering that generated $1.02 billion. The pricing establishes a market valuation of $9.1 billion based on outstanding shares.
2. Small Modular Reactor Technology
X-Energy develops Triso-pebble small modular reactors that use tristructural isotropic uranium kernels for higher burn temperatures and longer run times. These reactors are designed to power AI data centers and industrial facilities.
3. Amazon’s Strategic Backing
Amazon is a cornerstone investor in X-Energy and has secured agreements to source power from the company’s reactors for its AI infrastructure. This partnership aligns with Amazon’s push towards reliable, low-carbon energy for high-performance computing.
4. Growth Outlook and Partnerships
X-Energy aims to deliver its first small modular reactor by the early 2030s and has agreements with industrial partners such as Dow. Investor appetite for SMRs remains strong as firms race to commercialize advanced nuclear technologies.