Texas Standard for Oct. 3, 2025: Amarillo Startup Wants AI to Go Nuclear

Texas Standard for Oct. 3, 2025: Amarillo startup wants AI to go nuclear

Fermi America, an Amarillo-based startup co-founded by former Texas Gov. Rick Perry, is worth $19 billion following an initial public offering this week. The company wants to harness nuclear energy to power AI data centers, and already has the attention of Wall Street, with shares up 55 percent over the opening stock price after one day of trading.

Morning briefing: US data centre REIT Fermi splashes in London; plus PEY, EOT, MMIT, SBO, NBDD

The $15bn (£11bn) US flotation of Fermi (FRMI), a data centre real estate investment trust, has given the UK market a new REIT launch after three years in which the number of listed property funds has halved. Shares in the Texan company, which was co-founded by former US energy secretary and Texas governor Rick Perry in January, have shot up 37% to $28.78 since debuting on Nasdaq on Wednesday with a secondary listing in London. The company sold …

Fermi America Raises $682M for Texas AI Power-and-Data Campus - HostingJournalist.com

In its Nasdaq debut, Fermi America, a recently public developer of power-intensive digital infrastructure, collected about $682.5 million and unveiled an exceptionally ambitious plan: construct an 11-gigawatt energy-and-data campus in Amarillo, Texas, that is privately powered, to support the upcoming AI computer generation.With little income and years of building ahead, the company, listed as FRMI, priced its initial public offering (IPO) at $2…