Alexandria Mansfield, writing for the Jacksonville Florida Times-Union, via Yahoo Finance:
Elon Musk has acquired Jacksonville-based APR Energy, according to a Federal Trade Commission filing that surfaced the deal weeks after it closed with no public statement from either side.
The FTC’s early termination notice, transaction number 20261350 and dated May 14, lists Elon Musk as the acquiring party and CF APR Super Holdings LLC as the acquired party, with New APR Energy, LLC listed as the acquired entity.
It also shows the transaction was granted early termination, meaning no further antitrust review was required before the deal could close.
No terms were disclosed in the FTC notice itself, but the price tag came into focus through a separate filing.
That separate filing comes from Duos Technologies Group Inc, which recently disclosed a $50 million sales price for its 5% equity stake in APR Energy.
That puts the deal at roughly $1 billion. As far as I can tell, APR Energy has not confirmed its change in ownership.
That is a bunch of money, so what is APR Energy? Let’s turn to its website, which says:
You want reliable power today – we have the assets available to meet your needs, including one of the world’s largest mobile gas turbine fleets, comprehensive and customizable balance of plant equipment, and a team of experts ready to handle your build from end to end.
From emergency power for compromised utilities to bridging-to-permanent power for data centers, we’re ready to rapidly deploy the turnkey power solution you need, when you need it, and to your specifications.
Bridging is the phase in which SpaceXAI’s data centers are currently operating. The grid can’t supply the sites with all the power they need, so these turbines are installed to keep things running. In the case of SpaceXAI’s second site in Memphis, it’s hard to see how the grid could supply enough power any time soon, if ever.
As you can see in these photos, they are built on large trailers and are therefore considered mobile.

This is the same technology at the heart of many debates — and lawsuits — concerning SpaceXAI’s presence in Memphis, as Fred Lambert sums up at Electrek:
APR doesn’t run a traditional power plant. It deploys trailer-mounted gas turbines and reciprocating diesel and natural gas engines that can reach full power in under 10 minutes and be installed in days rather than the years it takes to permit and build a fixed plant. The fuel is natural gas and diesel. This is fossil-fuel combustion, packaged to move.
It’s the same technology Musk has already been running — controversially — to keep Grok online.
At various times over the last couple of years, SpaceXAI has been accused of running more gas turbines than allowed. The company points out that they are mobile and thus temporary, claiming they are exempt from a bunch of pesky environmental regulations.
That was shot down by the EPA back in January, but the company has continued to rely on a fleet of turbines to keep its data centers running.
It is unclear whether any of APR’s hardware is in use by SpaceXAI. The company is not listed on the company’s projects page, and the turbine models called out in a 2025 report by Samuel Hardiman don’t seem to line up with the GE TM2500 and Mitsubishi FT8 turbines listed on APR’s website.
Regardless of what companies are currently on the ground, this is a clear sign that Musk and SpaceXAI continue to view gas turbines as an acceptable means of powering AI data centers.