X-energy stock pops 27% on first day of trading following upsized IPO

What Happened

X-energy's stock debuted on Nasdaq at $29.20, up 27% from its $23 IPO price, valuing the company at $11.5 billion. Strong investor interest in nuclear power reflects growing demand from AI data centers requiring massive electricity. The nuclear industry has rebounded from past delays and cost overruns, with tech companies seeking reliable energy sources.

Key Entities

AI Tools