Amazon Backs X-energy’s $800 M IPO and Secures 5 GW Nuclear Power
Amazon invested $500 million in X-energy’s Series C-1 round and may raise over $800 million in the startup’s upcoming IPO, securing rights to purchase up to 5 GW of small modular nuclear power by 2039. This positions Amazon to fuel its expanding data centers and AI infrastructure with clean nuclear energy.
1. Amazon’s Nuclear Commitment
Amazon invested $500 million in X-energy’s Series C-1 financing and has committed to purchasing up to 5 gigawatts of nuclear power by 2039, aiming to underwrite X-energy’s development of small modular reactors.
2. X-energy IPO and Funding
The upcoming X-energy IPO could raise over $800 million to accelerate commercial deployment of its Xe-100 reactors, expand manufacturing capacity and scale project development across multiple sites.
3. Implications for Data Centers
Securing long-term nuclear power supply addresses Amazon’s surging data center electricity demand, stabilizes energy costs for its AI and cloud operations and advances its renewable energy goals.
4. Strategic Diversification Strategy
This nuclear deal extends Amazon’s diversification beyond e-commerce and cloud services into critical infrastructure, complementing prior space investments and reinforcing its broader energy resilience plans.