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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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Ekiti 2026: Re-elect Oyebanji for second term – Tinubu tells residents

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President Bola Ahmed Tinubu has commended Governor Biodun Oyebanji’s performance in office, telling Ekiti voters that the governor came into leadership fully prepared to serve the people.

Speaking ahead of the June 20 governorship election, Tinubu urged residents to re-elect Oyebanji for a second term.

The endorsement came on Tuesday at the All Progressives Congress mega rally in Ado-Ekiti. The venue was packed with party faithful, allies from other political groups, and supporters across religious and ethnic lines, all showing solidarity with Oyebanji’s re-election bid.

Represented by Vice President Kashim Shettima, President Tinubu praised Ekiti citizens for their loyalty to the APC over the years.

He described the state as fortunate to have Oyebanji at the helm of affairs, noting that the governor’s actions and policies prove that true leadership is about serving people, not oppressing them or undermining their rights.

Tinubu highlighted Oyebanji’s humility, patience, and respect for traditional rulers and past leaders, pointing out the absence of opposition posters across the state as a sign of Oyebanji’s wide acceptance.

“On Saturday, go out and re-elect this humble and peaceful man to further serve you better,” Shettima said on Tinubu’s behalf. The President then symbolically handed Oyebanji over to former governors and first ladies, urging them to secure victory for him.

Chairman of the APC National Campaign Council and Kaduna State Governor, Uba Sani, described Oyebanji’s popularity as electrifying.

Chairman of the APC Governors Forum and Imo State Governor, Hope Uzodinma, said the party’s visibility in Ekiti was unmatched. He noted that only the APC had campaigned market to market and house to house.

APC National Chairman, Prof Nentawe Yilwadta, insisted the party’s confidence was rooted in Oyebanji’s connection to the people, not just in being the ruling party.

A visibly elated Governor Oyebanji, joined by his wife Dr Olayemi Oyebanji and Deputy Monisade Afuye, said he was not relying on federal might but on his record and the promises he kept since 2022.

He appealed for a peaceful election and promised that his second term would surpass the achievements of the last three and a half years.

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Nigerian Striker Toyosi Olusanya Completes Permanent Move to Aberdeen on Two-Year Deal

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Scottish Premiership club Aberdeen have secured the permanent signing of London-born Nigerian striker Toyosi Olusanya, with the forward committing his future to the club on a two-year contract after an impressive loan spell.

READ ALSO: Isaac John Turns Heads at Ex-Internationals Cup in Lagos, Declares Himself Ready for the Big Stage 

Sports247 reports that the 28-year-old joins the Dons as a free agent following the expiration of his contract with Major League Soccer side Houston Dynamo. His arrival marks another key addition to manager Stephen Robinson’s rebuilding project ahead of the new season.

Olusanya spent the second half of the previous campaign on loan at Aberdeen, where he quickly adapted to life in Scottish football.

During his stint, he made 18 appearances across all competitions and contributed three goal involvements, earning the confidence of the coaching staff and convincing the club to pursue a permanent deal.

The striker’s work rate, physical presence, and attacking versatility made him a valuable option during his loan spell, and Aberdeen will be hoping he can build on that foundation as they prepare for the challenges of the upcoming Premiership campaign.

His signing represents the fifth addition to Robinson’s squad during the summer transfer window as the club continues to strengthen its roster with an eye on domestic success and improved performances across all competitions.

Born in London and eligible to represent Nigeria, Olusanya has enjoyed a career spanning English football and Major League Soccer before making the move north of the border.

The permanent transfer offers him the opportunity to continue his development in a familiar environment after settling into the team during his loan period.

For Aberdeen, retaining a player who already understands the club’s style and expectations provides continuity as they reshape the squad for the new season.

Supporters will be eager to see the Nigerian forward translate his promising displays into consistent goals and assists over the course of the campaign.

With his future now secured at Pittodrie, Olusanya begins the next chapter of his career aiming to establish himself as a key figure in Aberdeen’s attack and help the club compete strongly in the Scottish Premiership.

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