Amazon Backs X-energy With $500M, Commits 5GW Nuclear Power by 2039
Amazon has committed $500 million to X-energy’s Series C-1 and pledged to purchase 5 GW of nuclear power by 2039, supporting X-energy’s IPO expected to raise $800 million. AWS expanded multicloud connectivity with Oracle Cloud Infrastructure while Amazon has sold more than 300 million Fire TV devices, heightening streaming tussles with Roku.
1. Amazon’s Nuclear Energy Investment
Amazon invested $500 million in X-energy’s Series C-1 funding and has committed to purchasing up to 5 gigawatts of nuclear-generated power by 2039. X-energy is preparing for an IPO projected to raise approximately $800 million, which could support Amazon’s long-term data center and AI infrastructure power needs.
2. AWS and Oracle Cloud Integration
Amazon Web Services expanded its multicloud partnership with Oracle Cloud Infrastructure to deliver high-performance connectivity, enabling joint customers to run applications and move data seamlessly across both clouds. The integration will simplify multicloud management and accelerate AI and analytics workloads by reducing data replication complexity.
3. Fire TV Device Growth
Amazon has sold more than 300 million Fire TV devices globally, reinforcing its position in the streaming hardware market and intensifying competition with Roku, which recently reached 100 million household users. The device scale underpins Amazon’s ad monetization strategy and bolsters engagement on its Fire TV OS platform.