Amazon-Backed Nuclear Firm X-Energy Raises $1.02 Billion in IPO

X-Energy Inc., a nuclear energy company backed by Amazon.com Inc., has raised $1.02 billion in its initial public offering (IPO) in the United States. The company increased the size of the offering and priced its shares above the marketing range. X-Energy, which operates in the nuclear energy sector and has support from major technology companies like Amazon, has drawn attention. The size of the IPO reflects investor interest in clean energy and nuclear technologies. The company plans to use the proceeds to fund its growth plans and develop nuclear reactor technologies. X-Energy's IPO is seen as a significant milestone in the energy sector. This is not investment advice.