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Musk Acquires APR Energy: What the $1B Deal Means for AI Data Center Power

Musk’s Quiet $1 Billion Bet on Power

Introduction Elon Musk has acquired the assets of APR Energy, a Jacksonville, Florida company that deploys trailer-mounted gas turbines on accelerated timelines. Neither Musk nor APR announced the transaction. It surfaced instead through two regulatory filings — a Federal Trade Commission early termination notice dated May 14, 2026, and a Securities and Exchange Commission disclosure from a minority stakeholder filed...

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