X-energy IPO aims to raise $800M amid AI energy demand

Amazon-backed nuclear startup X-energy is pursuing an Initial Public Offering (IPO) with a target of raising up to $800 million. The company is capitalizing on a resurgence of interest in nuclear fission power, driven by the escalating electricity demands of AI data centers and broader electrification efforts. X-energy's advanced high-temperature gas-cooled reactor design, utilizing TRISO fuel, aims for enhanced safety. Despite facing a patent dispute and a challenging market for new nuclear projects, the company's IPO could provide a significant boost to its investors, who have already committed substantial capital.