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X-energy stock pops 27% on first day of trading following upsized IPO

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X-energy’s stock popped today in its debut on the Nasdaq, opening at $30.11 before closing at $29.20, up 27% over its initial public offering of $23 per share.

Investors can’t get enough nuclear power, apparently. Even the initial share price had been revised upward from the $16 to $19 target floated by the company during its investor roadshow. At close, the company was valued at $11.5 billion.

Just five years ago, such interest in a nuclear startup would have come as a surprise to many. 

Back then, the nuclear industry was haunted by delayed projects and massive cost overruns at recently completed reactors. Two power plants were completed in Georgia — one in the late 2010s and another in the early 2020s. In total, they cost around $30 billion to build.

Nuclear startups in the early 2020s were in their infancy, and at least one frontrunner had run into significant regulatory problems, sparking fears that the industry hadn’t been able to put its past behind it.

Now, investors appear optimistic that X-energy and its peers have figured out a way around the challenges.

Much of the momentum can be traced to the AI-driven data center boom. GPUs need tremendous amounts of electricity, and while solar, wind, batteries, and natural gas have been filling the need today, tech companies have been hoping to diversify. Nuclear power is one of the many options they’ve been exploring, hoping that the compact form factor will be an ideal fit for their sprawling data centers.

Nuclear power has long had more potential to power the U.S. grid than it has been able to deliver. Today, about 18% of electricity in the country comes from nuclear power. But reactor costs have risen in recent decades. Nuclear power might be one of the most reliable sources of electricity in the U.S., but it’s also one of the most expensive.

X-energy’s 80-megawatt reactor design is an order of magnitude smaller than many existing nuclear power plants. The company is betting that modularity can help bring costs down, and data center operators are hoping that a single campus can be powered by a fleet of reactors, providing the sort of redundancy and stability they prize. Amazon has said it will buy up to 5 gigawatts worth of capacity from X-energy over the next decade or so, but chemical maker Dow will receive the startup’s first power plant. 

Construction is underway at X-energy’s fuel facility, and while the company has yet to start construction of a power plant, investors appear bullish that the company will be able to break nuclear power free from its decades-long malaise. 

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APC Election Officials Break Silence on Pankshin/Kanke/Kanam Primary Dispute

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Controversy surrounding the All Progressives Congress (APC) House of Representatives primary election for the Pankshin/Kanke/Kanam Federal Constituency has taken a new turn, with officials who conducted the exercise alleging attempts by some aggrieved aspirants to undermine the credibility of the election.

The allegations were made on Tuesday during a press briefing in Jos by members of the Forum of Ward Presiding Officers, Local Government Collation Officers and Constituency Collation/Returning Officers.

Speaking on behalf of the forum, its Chairman, Chinwatda Tapar, claimed that some aspirants approached election officials after the May 16, 2026 primary and urged them to sign affidavits containing accounts that contradicted what transpired during the exercise.

According to Tapar, some officials were allegedly offered financial inducements, while others faced intimidation and sustained pressure in a bid to secure their cooperation.

“Our duty was to conduct a free, fair and credible election, not to become instruments in any post-election effort aimed at distorting the truth,” he said.

Tapar explained that the election officials were appointed by the APC National Secretariat through the committee constituted to conduct the party’s 2026 National Assembly primary elections in Plateau State, headed by Hon. Stella Okotete.

He stated that the committee deployed them to oversee the Pankshin/Kanke/Kanam Federal Constituency primary, which, according to him, was conducted peacefully, transparently and in compliance with the APC constitution and electoral guidelines.

He maintained that the election produced a winner who was duly declared and returned after the collation of results.

The forum further disclosed that it had retained information relating to the alleged approaches made by the aggrieved aspirants and would present the evidence to law enforcement agencies, the APC leadership or any court of competent jurisdiction if required.

The officials urged party members and stakeholders to channel any grievances arising from the primary election through lawful and democratic processes rather than attempting to influence election officials.

“Our responsibility as Ward Presiding Officers, Local Government Collation Officers and Constituency Collation/Returning Officers ended with the successful conduct of the primary election and the declaration of its outcome,” Tapar added.

The forum reaffirmed its commitment to truth, fairness, due process and the democratic principles of the APC, insisting that it would not participate in any effort to compromise the integrity of the primary election or distort the facts surrounding its conduct.

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2027: Oyo ex-Deputy governor, Arapaja dumps Makinde, meets APC chieftains

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Reports reaching DAILY POST from the camp of a former deputy governor of Oyo State, Alhaji Taofeek Arapaja, indicate that Arapaja has perfected plans to join the All Progressives Congress, APC, ahead of the 2027 general elections.

It was gathered that the planned defection is coming a few hours after the former lawmaker met President Bola Tinubu.

Arapaja met Tinubu in Abuja two days ago, after which he also met some chieftains of APC from Oyo State at his residence in Abuja on Tuesday.

The meeting was attended by the gubernatorial candidate of APC in the state, Barrister Sharafadeen Alli, deputy gubernatorial candidate, Mr Adesoji Adedeji and Oyo South Senatorial candidate of the party, Hon Aderemi Oseni, Arapaja’s loyalists and supporters; and other notable personalities from the State.

Sources at the meeting disclosed it centred on the planned defection of Arapaja to APC.

Both Makinde and Arapaja belong to the same faction of PDP until recent moves by Arapaja to join APC.

Arapaja has been a close ally of Makinde since the inception of his administration in 2019.

He had earlier served as National Vice Chairman (South West) and later served as Deputy National Chairman (South) for the Peoples Democratic Party, PDP.

He also serves as National Secretary of a PDP faction loyal to Makinde.

Arapaja, who hails from Idi Arere in Ibadan, has been in active politics since the inception of this current fourth republic in 1999.

He served as Chairman of Ibadan South East Local Government Area between 1999 and 2002.

Arapaja represented Ibadan North East/ Ibadan South East federal constituency on the platform of PDP between 2003 and 2007 and later served as Deputy Governor when the late Adebayo Alao-Akala was the Governor between 2007 and 2011.

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