Amazon Goes Nuclear Again, Pours $1 billion in X-Energy

Amazon (NASDAQ:AMZN)-backed nuclear startup X-Energy (XE) raised about $1.02 billion in an upsized US initial public offering that was priced above its expected range, as investor demand strengthened for nuclear power tied to AI infrastructure, including themes linked to Amazon, Meta (META) and Nvidia (NVDA).

The company sold roughly 44.25 million shares at $23 each, exceeding the marketed range of $16 to $19 per share, implying a valuation of about $9.1 billion based on outstanding shares, while demand appeared firm across energy-transition and AI-linked infrastructure plays involving Amazon, Meta and Nvidia.

X-Energy will begin trading on the Nasdaq Global Select Market on April 24, 2026, under the ticker XE, with the deal expected to close on April 27, 2026, subject to standard conditions, alongside broader market interest in Amazon, Meta and Nvidia exposure.

J.P. Morgan (JPM), Morgan Stanley (MS), Jefferies (JEF) and Moelis & Company (MC) acted as joint bookrunners for the offering, which includes an option for additional shares, as institutional demand tracked interest from Amazon, Meta and Nvidia-linked AI power demand.

https://finance.yahoo.com/sectors/energy/articles/amazon-goes-nuclear-again-pours-123122782.html