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Nuclear reactor company X-energy shares surge 27% as AI drives interest in its IPO [MSNBC.com]
Last ares management corporation class a earnings: 2/13 06:00 am
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Advanced nuclear reactor companyX-energyThe stock opened at $30.11, after upsizing its initial offering, pricing at $23 per share — ahead of the initial range of $16 - $19 per share. The company raised more than $1 billion, making it the largest nuclear public offering on record. Shares ended the day 27% higher at $29.20.The company's xe-100 reactor is 80 megawatts, and can be bundled together with additional reactors to scale up to 960 megawatts. The xe-100's model is ahigh-temperature gas-cooled reactorAll of the nuclear reactors currently in operation in the U.S. are light water reactors.The company has yet to begin construction on any of its reactor facilities, but it already has an order pipeline of more than 11 gigawatts thanks topartnershipsAmazonDowCentricaPrior to going public, the company raised more than $1.4 billion – most recently a $700 million Series D fund in November – with backers including Amazon, Jane Street, ARK Invest, Citadel's Ken Griffin and Ares Management fu
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- Nuclear reactor company X-energy shares surge 26% as AI drives interest in its IPO [MSNBC.com][MSNBC.com]
- Nuclear reactor maker X-Energy valued at US$11.9 billion in stellar Nasdaq debut [BNN Bloomberg (Canada)][BNN Bloomberg]
- Nuclear reactor company X-energy begins trading as AI drives interest in the industry [CNBC][CNBC]
- Market Chatter: Amazon, Ares Set for Big Windfall From X-Energy IPO [Yahoo! Finance][Yahoo! Finance]
- Helix, Hornbeck sign all-stock deal to form integrated offshore group [Yahoo! Finance][Yahoo! Finance]
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