Nuclear reactor maker X-Energy valued at $11.9 billion in Nasdaq debut as shares rise 31%

Key Takeaways

• X‑Energy raised approximately $1.02 billion in its IPO by selling around 44.3 million shares at $23 each, exceeding its targeted range and signaling strong demand (oilprice.com)
• The valuation surged from a pre‑IPO private valuation of about $6.9 billion to some media‑estimated $11.9 billion upon debut, underscoring investor enthusiasm for nuclear‑powered AI infrastructure (premieralts.com)
• X‑Energy’s technology — modular, high‑temperature, gas‑cooled Xe‑100 reactors and proprietary TRISO‑X fuel — targets AI data centers and heavy industrial decarbonization, attracting backers like Amazon and Dow (fool.com)