Musk Acquires Data Center Power Company
markjeffrey · x · 2026-07-15
Citing sources, Elon Musk acquired APR Energy, a company providing power to AI data centers, for around $1 billion.
If true, the deal's focus isn't on traditional internet businesses but on securing power and energy infrastructure capabilities for AI data centers. The original post quipped, "He who controls the Spice, controls the universe," poking fun at energy control in the compute era.
Related event: Musk Reportedly Buys Turbine Power Firm for $1B(2 posts)→
More from Venture
- Anthropic eyes IPO with 900% NRR as 48% of H1 revenue flows via cloud marketplaces — thedealdirector · 2026-10-26
- Anthropic S-1: training infra edge cut per-task cost 40% and doubled revenue growth — BenBajarin · 2026-10-26
- Anti-AI content is algorithm gold and very profitable, quips commentator — annetgriffin · 2026-10-26
- SaaS hype is gone: the shift to AI-native services that sell outputs, not software — mitchdeg · 2026-10-26
- Anthropic S-1 takeaway: it's good to be a hyperscaler — matt_slotnick · 2026-10-26
- SpaceX S-1 cites $28.5T TAM; Anthropic points to $40T cognitive-labor market — annbordetsky · 2026-10-26