USSTOCK.TODAY
Regular Market
Log in Sign up

Amazon-backed X-Energy secures competitive advantage in small modular reactor market

The Motley Fool +1 · ·by G4L

OKLO
OKLO Oklo Inc
$26.84 +13.97%
View chart & analysis →
XE XE +7.00%
  1. 1Amazon led X-Energy's $700 million Series C-1 funding round in October 2024.
  2. 2Amazon holds approximately 23% of X-Energy's total outstanding shares.
  3. 3The NRC rejected Oklo's initial combined license application in January 2022.

So what's the key point?

Amazon has become a major shareholder by investing $700 million in X-Energy. With Amazon's support, X-Energy has gained strength to lead in the reactor market.

Source The Motley Fool +1 · View original ↗

Related 3-line summaries

Oklo down 86% from peak, to partner with Meta Platforms on 1.2 GW SMR system The Motley Fool +1 · 15h agoOklo shares surge 21.8% as losses narrower than expected The Motley Fool · 2d agoX Energy shares rise 8.4% on announcement of extended partnership with Fluor Investing.com · 2d ago
Today's 5 AI picks, all free
Nothing hidden: past picks and how they did against the S&P 500.
See today's picks →
← Back to news