Amazon Stakes $500M in X-energy and Eyes $800M IPO for SMRs
Amazon has invested $500 million in X-energy’s Series C-1 financing and plans to buy up to 5 gigawatts of nuclear power from the startup by 2039. The proposed IPO could raise more than $800 million to fund development of small modular reactors for Amazon’s data center and AI infrastructure.
1. Investment and Purchase Commitment
Amazon led X-energy’s Series C-1 round with a $500 million investment and committed to purchasing up to 5 gigawatts of nuclear power by 2039, securing a long-term offtake agreement for the startup’s small modular reactors.
2. IPO Funding and Deployment Plans
X-energy aims to raise over $800 million in its upcoming IPO, with proceeds earmarked for engineering, licensing and construction of its Xe-100 small modular reactor fleet targeted at industrial and utility customers.
3. Strategic Diversification for Infrastructure
The deal underscores Amazon’s push to diversify energy sources for its extensive data center and AI infrastructure, reducing reliance on traditional power grids and supporting corporate sustainability and resiliency goals.