Amazon-Backed X-Energy Raises $1.02B in IPO, Values Firm at $9.1B
X-Energy sold 44.3 million shares at $23 each in an upsized IPO, raising $1.02 billion and valuing the company at $9.1 billion. The firm, backed by Amazon, designs small modular nuclear reactors using Triso fuel and holds agreements to power industrial facilities and AI data centers.
1. IPO Terms and Valuation
X-Energy sold 44.3 million shares at $23 each, raising $1.02 billion in an upsized offering. The IPO valued the company at approximately $9.1 billion and was led by JPMorgan Chase, Morgan Stanley, Jefferies and Moelis.
2. Reactor Technology and Partnerships
The company designs small modular nuclear reactors that use Triso pebbles for fuel, offering higher heat tolerance and longer burn times. X-Energy has agreements to deploy its reactors and fuel at industrial sites and AI data centers with partners including Amazon, Dow and Centrica.