Amazon Backs X-Energy with $500M, Secures 5 GW Nuclear, Expands NBA Coverage
Amazon committed $500 million to X-Energy's Series C-1 and pledged up to 5 GW of nuclear power by 2039 to fuel its data centers and AI expansion. Prime Video secured exclusive SoFi NBA Play-In coverage while AWS delivered 24% revenue growth last quarter despite $200 billion capex plans.
1. Strategic Nuclear Energy Investment
Amazon invested $500 million in X-Energy's Series C-1 round and agreed to purchase up to 5 gigawatts of nuclear power by 2039, marking its first major move into nuclear energy to support data center and AI infrastructure needs.
2. Prime Video Sports Expansion
Prime Video will exclusively stream the SoFi NBA Play-In Tournament and host a special Final Four alternate broadcast featuring Michigan’s Fab Five on truTv and HBO Max, strengthening Amazon’s presence in live sports content.
3. AWS Growth Versus Capex
AWS reported 24% revenue growth last quarter, while Amazon maintains a $200 billion capital expenditure plan over the coming years, prompting debate over the sustainability of current margins and long-term return on investment.
4. MGM Movie Theater Push
Following its acquisition of MGM, Amazon presented theatrical release plans at CinemaCon, signaling a shift in strategy to drive Prime subscribers to physical cinemas and broaden its entertainment revenue streams.