Defense contractor
Appears in 2 stories
Under contract for FEL-2 services on X-energy's Seadrift project since April 2026
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
Defendant; case returns to district court for discovery
For nearly four decades, military contractors have enjoyed broad immunity from injured service members' lawsuits under a doctrine extending the federal government's battlefield protections to its private partners. On April 22, 2026, the Supreme Court ruled 6-3 that the shield has limits: when the government doesn't order or authorize the conduct that caused the injury, the contractor is on its own.
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