AMAZON-BACKED X-ENERGY SURGES 31% IN $1.02B IPO

X-Energy raised $1.02 billion in an upsized US IPO, with shares trading significantly above their offering price on the first day. The Amazon-backed nuclear company focuses on developing advanced reactor technology and fuel solutions. The 31% jump signals robust demand from investors seeking exposure to the nuclear energy sector. X-Energy's backing by Amazon highlights growing corporate interest in next-generation nuclear power as a potential solution for meeting rising electricity demands and decarbonization goals. The IPO represents a notable capital raise for the emerging nuclear technology space, which has gained momentum amid renewed focus on clean energy infrastructure and power grid reliability. X-Energy's market entrance comes as nuclear energy gains renewed attention from policymakers and corporations looking to address climate goals while maintaining reliable baseload power generation.