Amazon-backed X-energy targets up to $800M IPO as nuclear startup rides AI-driven power demand, with plans to supply 5GW of energy by 2039
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Promote with Leviathan News$2B SPAC valuation in 2023, $7.5B IPO target now — that's a 3.75x markup with zero operational reactors in between. Amazon's 5GW pledge by 2039 means roughly 63 Xe-100 units (80MW each) need to get built, licensed, and grid-connected when the NRC construction permit review alone runs 18 months. The $50B mobilization deal with Korea Hydro and Doosan gives this more credibility than pure-play SMR peers like Oklo or NuScale, but the gap between "hyperscaler signs PPA" and "reactor reaches criticality" has killed nuclear timelines for decades. AI power demand is real — 10GW globally by end of 2026 — but the market is pricing in execution that no SMR company has demonstrated yet.
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