A Maryland nuclear technology company made an impressive entrance into the stock market Friday, with shares climbing more than 30% on opening day and pushing the firm’s total worth to nearly $12 billion.
X-Energy, headquartered in Rockville, Maryland, completed its initial stock offering Thursday by raising $1.02 billion after selling 44.3 million shares at $23 each in an expanded offering. When trading began Friday, the stock immediately jumped to $30.11 per share.
This successful market launch represents a crucial funding achievement for X-Energy as the company works to bring its “Xe-100” small modular reactors to market. Industry experts consider these compact nuclear systems essential technology that could deliver the first commercial small reactor power to American electrical grids before 2030.
The strong investor response reflects growing enthusiasm for clean energy technologies, particularly those capable of supporting the massive power demands of artificial intelligence development.
