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Elon Musk spent estimated $1 billion on an energy company to power xAI, filings reveal — APR Energy owns a fleet of trailer-mounted gas and diesel turbines capable of generating more than 1 gigawatt

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Elon Musk’s Colossus 1 and 2 data centers are in hot water for allegedly using unpermitted mobile natural gas turbines to generate the power they need. But even though he also owns a solar power generation and large-scale battery storage business through Tesla Energy, Electrek reports that he instead doubled down on mobile generators after purchasing APR Energy. It’s not exactly known how much Musk paid for the company, but disclosures revealed that he spent more than $50 million on the 5% stake held by a minority shareholder. This meant that he likely poured at least a billion dollars into the entire firm if every shareholder received the same amount. Deals of this magnitude often come with press releases, but it was only made public because of a Federal Trade Commission (FTC) early termination notice that approved it without requiring further review.…

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