X-Energy Stock Surges 27% Following Massive Billion-Dollar Public Offering
Key Points: X-Energy raised $1.02 billion in its initial public offering and saw shares jump 27% on the first trading day. The nuclear energy firm reached a massive $11.6 billion market value after buyers oversubscribed the offering 15 times. The company plans to deliver its first small modular nuclear reactors by the early 2030s to power artificial intelligence data centers. Despite recording a $390 million...