Watch Out! OKLO Stock Sinks as Amazon-Backed Rival Blasts Off on Nasdaq Debut
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Shares of nuclear reactor startup Oklo (OKLO) fell over 7% as X-Energy (XE), backed by Amazon, surged 27% on its Nasdaq debut. X-Energy's IPO raised $1 billion, with shares climbing from an initial price of $23 to $29.20. The company, valued at nearly $12 billion, saw strong investor interest, prompting an increase in its IPO price target. In contrast, Oklo's market cap stood at $13.27 billion at the close of trading on Friday.
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