Nuclear startup X-energy raises $1B in data center-driven IPO
TechCrunch·3h ago·Positivity
What Happened
Nuclear startup X-energy raised $1 billion in its IPO, selling shares at $23 each, exceeding initial targets. The company builds small modular reactors for electricity and industrial heat. X-energy holds power deals with Dow and Amazon, with plans to deliver 5 gigawatts by 2039. The stock begins Nasdaq trading Friday under ticker XE.
Key Entities
X-energyNasdaqAmazonDowSmall Modular ReactorsTRISO fuel