"X-energy's reactor is a high-temperature, gas-cooled reactor that uses uranium encased in ceramic and carbon spheres, cooled by helium gas to generate electricity."
"Amazon has pledged to buy as much as 5 gigawatts of nuclear power from X-energy by 2039, highlighting the tech giant's commitment to nuclear energy."
"X-energy alleges that Ultra Safe Nuclear Corporation infringed on its fuel fabrication patents, and the dispute remains unresolved following USNC's bankruptcy."
"Development of new nuclear reactors outside of China has stalled, with startups hoping to overcome challenges by creating smaller reactors."
X-energy is pursuing an IPO with a target price of $16 to $19 per share, potentially raising $814.3 million. The company has gained attention due to increased demand for electricity driven by AI data centers. Amazon is a significant investor, having led a $500 million funding round and committed to purchasing nuclear power. X-energy's reactor technology, a high-temperature, gas-cooled design, aims to improve safety. The company is also involved in a patent dispute with Ultra Safe Nuclear Corporation, which went bankrupt in 2024.
Read at TechCrunch
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