tech
Nuclear reactor company X-energy shares surge 27% as AI drives interest in its IPO
Advanced nuclear reactor company X-energy began trading Friday as the AI boom and electrification broadly spark a flurry of interest in the nuclear industry.
TL;DR
- X-energy's stock price increased by 27% on its first trading day, closing at $29.20.
- The company raised over $1 billion through its IPO, pricing shares at $23, which was above the initial range.
- This IPO is the largest on record for a nuclear company.
- X-energy's xe-100 reactor is a 80 MW high-temperature gas-cooled reactor capable of industrial applications.
- The company has an order pipeline of over 11 gigawatts through partnerships with Amazon, Dow, and Centrica.
- X-energy's business model focuses on licensing its technology and selling nuclear fuel, rather than owning and operating plants.
- A construction permit application for a project in Seadrift, Texas, was submitted in March 2025.
- X-energy is working with Amazon to deploy 5 gigawatts across the U.S. by 2039.