Amazon

Built World

Anchor investor and largest committed customer

No US utility has ordered a newly designed commercial reactor and seen it come online since the 1970s. On April 24, 2026, the first company trying to break that drought rang the Nasdaq bell. X-energy priced its IPO at $23 a share ($4 above its marketed range) and raised $1.02 billion, the largest US nuclear public offering in years. Shares closed their first day up 27%, giving the company a market valuation of roughly $11.9 billion. The offering was oversubscribed more than 15 times.

Updated May 31

Money Moves

$15B upfront investment complete; $35B contingent commitment deadline is Dec 31, 2028 per SEC filings; Microsoft's legal objections to the deal resolved April 27

After the $122 billion round closed in April, OpenAI ended its Azure cloud exclusivity and capped Microsoft's revenue share at $38 billion through 2030. On May 18, a jury dismissed Elon Musk's suit seeking $134 billion and the reversal of OpenAI's for-profit structure.

Updated May 29

Money Moves

Operating largest U.S. delivery network, partnering with FedEx

Amazon was UPS's largest customer for nearly three decades. On January 27, 2026, UPS announced 30,000 additional job cuts and 24 facility closures to slash Amazon deliveries by more than half, calling the relationship 'extraordinarily dilutive' to profit margins. UPS stock rose 4% in pre-market trading on the earnings beat, then pulled back on a weak first-quarter outlook.

Updated May 23

New Capabilities

Embedded Alexa in third-party appliances but facing AI upgrade pressure

Samsung just put Google's Gemini AI inside a refrigerator. Not alongside it, not as an app—built directly into the hardware.

Updated May 19

Money Moves

Buyer in pending deal

A SpaceX Falcon 9 lifted off from Cape Canaveral on Sunday morning carrying replacement satellites Globalstar needs to keep its mobile network alive. The same launch ticks off one of the conditions Amazon set before paying about $10.7 billion to buy the company.

Updated May 17