Elon Musk Quietly Acquires Mobile Gas Generation Firm APR Energy
The deal surfaced through regulatory filings and received early antitrust termination, with Duos Technologies saying its stake sale implied a valuation above $1 billion.
- Elon Musk acquired Jacksonville-based APR Energy, according to recent Federal Trade Commission filings that brought the transaction to light weeks after it closed without formal public announcement.
- Following the 2024 asset purchase by Fortress Investment Group, the business reorganized as New APR Energy LLC, while Duos Technologies Group Inc. subsequently sold its 5% stake for $50.4 million.
- Electrek estimates the deal size at $1 billion, with the Jacksonville-based firm employing 800 people and having delivered more than 50 terawatt-hours of electricity across more than 35 countries.
- Documents posted to the FTC website confirm Musk is the acquiring party, not SpaceX, though neither Musk nor Tesla has acknowledged the purchase and APR Energy remains silent.
- The company's systems support high-density GPU infrastructure and AI workloads, with deployment possible in 15 to 30 days, aligning with Musk's ongoing efforts to power data centers for Grok.
14 Articles
14 Articles
Elon Musk secretly acquires $1B energy company to power the AI future
Elon Musk flew under the radar with his recent purchase of a $1 billion energy company, according to Federal Trade Commission (FTC) documents. Transaction number 202612350 listed Tesla and SpaceX frontman Elon Musk as the acquiring party and CF APR Super Holdings LLC as the seller, with New APR Energy, LLC as the acquired entity. The deal, which closed without public announcement, came to light on May 14. BREAKING: Elon Musk acquires Jacksonvil…
Elon Musk's secret acquisition? FTC reveals quiet purchase of APR Energy
Elon Musk appears to have quietly added another company to his growing business empire, but unlike many of his high-profile deals, this one happened with almost no public attention. The billionaire has acquired Jacksonville-based APR Energy, according to a filing with the Federal Trade Commission that only recently brought the transaction to light, weeks after it had already closed. Neither Musk nor APR Energy announced the acquisition publicly,…
The Florida Times-Union
First CoastElon Musk quietly buys Jacksonville energy company
Elon Musk has acquired Jacksonville-based power generation company APR Energy. The deal was revealed through a Federal Trade Commission filing weeks after it closed.
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