Hyperscaler capex and SMR nuclear move together. Post 073 documents X-energy's IPO as the cleanest public-market signal that hyperscaler capital underwrites long-cycle SMR development, with Amazon as anchor investor and 11 GW orderbook intact.
X-energy priced its IPO on April 23 at $23 per share - above the $16-19 marketed range - raising $1.02 billion. The 44.25M-share offering was upsized; shares began trading on Nasdaq on April 24 under ticker XE and closed up 31%, implying a $12B market cap. Largest nuclear IPO on record.
Hyperscaler capex and SMR nuclear move together. Post 073 documents X-energy's IPO as the cleanest public-market signal that hyperscaler capital underwrites long-cycle SMR development, with Amazon as anchor investor and 11 GW orderbook intact.
X-energy priced its IPO on April 23 at $23 per share - above the $16-19 marketed range - raising $1.02 billion. The 44.25M-share offering was upsized; shares began trading on Nasdaq on April 24 under ticker XE and closed up 31%, implying a $12B market cap. Largest nuclear IPO on record.