X-energy stock pops 27% on first day of trading following upsized IPO
Investors flocked to nuclear power startup X-energy in its first day of public trading on the Nasdaq.
Investors flocked to nuclear power startup X-energy in its first day of public trading on the Nasdaq.
Amazon-backed X-energy was able to raise around 20% more money in its IPO as demand for nuclear power surges.
By building reactors in shipyards, Blue Energy says it will tame nuclear power’s cost problems, giving it access to cheaper financing.
Nuclear startup X-energy hit the road today to sell prospective investors on its initial public offering.
It’s the first permit to be issued by the Nuclear Regulatory Commission in nearly a decade.
The new rules apply to nuclear reactors built on Department of Energy property, which includes several currently being developed by startups.
Investors including a16z are betting that nuclear industry suppliers will be the big winners of the AI demand-driven nuclear renaissance.
Small modular reactor startups are betting that mass manufacturing will help them bring costs down. But are they underestimating the challenge?
Two smaller companies, Oklo and TerraPower, along with Vistra, a large energy company, just signed agreements with Meta.
Radiant Nuclear is developing a small modular reactor to replace diesel generators. The startup previously raised $165 million in May.