X-Energy shares jump over 20% in Nasdaq debut, company valued at $12 billion

18 articles · Updated · The Wall Street Journal · Apr 24

Shares opened at $29, up from the IPO price of $23, with major backers including Amazon and Ken Griffin. Griffin’s $100 million investment is now worth a $300 million paper gain.
Ares Management also quadrupled its investment, as X-Energy’s high-profile IPO reflects surging demand for nuclear energy driven by artificial intelligence’s electricity needs.
X-Energy, a leader in advanced nuclear reactor technology, raised over $1 billion in the largest nuclear IPO to date, highlighting increased investor interest in clean energy solutions.

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