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Elon Musk quietly bought APR Energy for about $1 billion
FTC filings show Elon Musk acquired APR Energy, which operates more than 1 GW of mobile gas and diesel turbines for data center power.
Image: iXBT
Elon Musk appears to have quietly acquired APR Energy, a company that operates a fleet of mobile gas and diesel turbines with combined capacity of more than 1 GW, according to Electrek. The turbines are reportedly intended for xAI data centers.
There was no press release announcing the deal. The acquisition surfaced through Federal Trade Commission documents dated May 14, which show the transaction was approved without additional antitrust review.
The exact price was not disclosed, but the report says the deal was likely worth more than $1 billion.
The source also notes that xAI data centers already host dozens of turbines that were allegedly installed illegally and are actively polluting the surrounding environment.
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Enterprise Editor
Marcus follows the money. He covers enterprise software, cloud architecture, and the tectonic shifts in Big Tech strategy. He translates dense earnings calls and complex M&A activity into actionable insights about where the industry is actually heading. If a tech giant makes a silent pivot, Marcus is usually the first to notice.
via iXBT
