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X-energy IPO set to deliver big gains for Ares Management, WSJ reports

X-Energy (XE) is set to go public at a valuation above $9B after previously scrapping an IPO, with renewed investor interest driven by rising electricity demand from AI, The Wall Street Journal’s Gregory Zuckerman reports. Early backers, including Ken Griffin and Ares Management (ARES), are poised for significant gains, reflecting a sharp turnaround in sentiment toward nuclear energy investments, sources say.

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