X-Energy Stock Jumps in Nasdaq Debut as $1 Billion Nuclear IPO Tests AI Power Boom
X-Energy’s Class A shares closed at $29.20 in their Nasdaq debut Friday, up nearly 27% from the $23 IPO price. The Amazon-backed nuclear developer raised about $1.02 billion in the offering, giving it a valuation near $11.9 billion. The company is developing small modular reactors but remains years from commercial deployment.