Elon Musk bought an energy company for $1 billion

Recently, it has been publicly shared that Elon Musk purchased APR Energy with a general capacity of more than 1 GW. This energy company is planned to be utilized for Colossus 1 and SpaceXAI. The purchase was made quietly without any significant publicity.

Key Insights into the Deal

Details regarding financial information have not been officially disclosed. However, there are some assumptions that the entire deal is exceeding $1 billion. Such guesses are made because the purchase of 5% of APR Energy’s shares costs $50.4 million.

This information became publicly available via notification from the U.S. FTC, which made an approval without additional antitrust review, so the process was significantly faster.

With the usage of APR Energy gas turbines, Musk can significantly save finances and time. All the data centers require massive amounts of electricity, and there are obvious local protections against the construction of new power plants in the region.

A lawsuit has already been filed against SpaceXAI over the usage of up to 35 turbines without the proper environmental monitoring and necessary permits. However, that will be a challenging process, because Colossus 2 functions in the interest of national security.   

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