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Elon Musk's xAI Acquires Mobile Power Provider APR Energy for Over $1 Billion to Support AI Data Center

AI Industry News

2026-07-16 23:22:20

According to FTC filings disclosed in July 2026, xAI completed its acquisition of APR Energy, a mobile power generation company, for over $1 billion. The deal was not publicly announced by xAI but was revealed through U.S. Federal Trade Commission regulatory documents after obtaining early termination of antitrust review.

APR Energy operates more than 1GW of mobile power capacity using trailer-mounted gas turbines and diesel generators. The acquisition aims to support xAI's Colossus supercomputer facility in Memphis, Tennessee, and planned expansion, addressing the massive electrical demands of large-scale AI infrastructure.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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