Amazon Backs X-energy's $800M IPO After Leading $500M Round and Secures Lumen Deal
X-energy filed to raise up to $800M in an IPO at $16–19 per share after Amazon led a $500M Series C-1 and pledged to buy 5 GW by 2039. AWS struck a Lumen connectivity deal to boost enterprise network capacity and drive cloud performance, prompting a rise in Amazon’s shares.
1. Amazon-backed X-energy IPO Filing
X-energy filed to raise up to $800M in an IPO priced at $16–19 per share, potentially netting $814.3M at the top end. Amazon led a $500M Series C-1 investment and committed to purchasing up to 5 GW of nuclear power from the startup by 2039.
2. AWS-Lumen Connectivity Deal
Amazon Web Services signed a connectivity agreement with Lumen to enhance network capacity between AWS data centers and enterprise clients. The deal is expected to improve cloud performance for high-bandwidth applications and contributed to a positive movement in Amazon’s share price.
3. Strategic Implications for Amazon
The X-energy backing underscores Amazon’s focus on diversifying energy sources to support power-intensive operations like AI data centers. The Lumen partnership strengthens AWS’s infrastructure, potentially attracting new customers and reinforcing AWS’s position in the high-performance cloud market.