Amazon backed X Energy rockets in Nasdaq debut valuing it at 11.9 billion

Published on 24 April 2026

Its IPO raised over 1 billion in cash

X-Energy, the Amazon-backed nuclear reactor developer, surged 30.9% on its Nasdaq debut and reached a valuation of $11.9 billion. The company raised more than $1 billion in its IPO, positioning its small modular reactors to support AI infrastructure while advancing carbon-free power goals.

X-Energy shares jumped 30.9% at debut on Nasdaq
Valuation lands at $11.9 billion after the listing
IPO proceeds exceed $1 billion for expansion plans
Small modular reactors targeted for AI and cleaner power

#ai infrastructure #nuclear energy #amazon #nasdaq #ipo

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Amazon backed X Energy rockets in Nasdaq debut valuing it at 11.9 billion

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