Nuclear reactor maker X-Energy valued at $11.9 billion in stellar Nasdaq debut

By Pritam Biswas and David French April 24 (Reuters) - X-Energy shares surged 30.9% in their Nasdaq debut, fetching the ...
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X-Energy’s failed $1 billion SPAC became a $1 billion IPO. The reactor did not change. The market did.

X-Energy's $1.02B IPO was 15x oversubscribed and priced 21% above range. The same company failed to close a SPAC at $1B in 2023. AI data centre demand changed everything.