• 2 min read
Musk quietly bought APR Energy for about $1 billion
FTC filings show Elon Musk acquired APR Energy, which runs more than 1 GW of mobile gas and diesel turbines likely bound for xAI data centers.
Image: iXBT
Elon Musk appears to have quietly acquired APR Energy for more than $1 billion, according to Electrek, which traced the deal through Federal Trade Commission documents dated May 14. There was no press release announcing the transaction, and the deal was approved without additional antitrust review.
APR Energy operates a fleet of mobile gas and diesel turbines with combined capacity of more than 1 GW. According to the source, those turbines are intended for xAI data centers.
The report links the purchase to xAI’s growing data center power needs. It also notes that dozens of turbines have already been placed at these facilities illegally, and that they are actively polluting the environment.
The exact price has not been disclosed, but the reported figure is roughly $1 billion and likely higher. For now, the clearest public evidence of the acquisition is still the FTC paperwork, not any formal statement from Musk or his companies.
Recommended reading
Oracle Falls to BBB- as AI Buildout Drains Cash
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
