Nuclear reactor company X-energy began trading as the AI and electrification of the nuclear industry increases interest in the industry. The company's stock opened at $30.11 per share after upping its initial offering from $16-19 per share to $23 per share, making it the largest nuclear public offering on record. The xe-100 reactor, designed to generate electricity and use it for industrial purposes, can be used in hard-to-decarbonize industrial applications such as chemical production. Despite not having yet begun construction on any of its reactor facilities, X-Energy has a large order pipeline of over 11 gigawatts. Prior to going public, the company raised over $1.4 billion with backers including Amazon, Jane Street, ARK Invest, Citadel's Ken Griffin and Ares Management.