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Nuclear reactor maker X-Energy valued at US$11.9 billion in stellar Nasdaq debut [BNN Bloomberg (Canada)]
Last ares management corporation class a earnings: 2/13 06:00 am
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The Amazon-backed nuclear reactor developer raised US$1.02 billion in its initial public offering on Thursday by selling 44.3 million shares in its upsized offering at US$23 apiece. The stock opened at US$30.11. The listing marks a critical capital milestone for X-Energy as it races to deploy its “Xe-100” small modular reactors (SMRs), which are viewed by industry analysts as a vital solution for the first commercial SMR electrons to hit the U.S. grid by the end of the decade. The X-Energy debut is supported by notable tailwinds in the power sector, as tech giants and data center developers pivot toward advanced nuclear energy to power energy-intensive artificial intelligence infrastructure as well as meet 24/7 carbon-free energy goals. Nuclear reactor developers can offer reliability that solar and wind - hampered by intermittency - cannot yet match. X-Energy Chief Executive Clay Sell said being a public company afforded it a number of benefits, including transparency with i
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- Nuclear reactor company X-energy shares surge 27% as AI drives interest in its IPO [MSNBC.com][MSNBC.com]
- Nuclear reactor company X-energy shares surge 26% as AI drives interest in its IPO [MSNBC.com][MSNBC.com]
- 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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