CompaniesUnited States

AI data center plans grow at Ideal Power, Boost Run and SpaceX

Three companies outlined plans for AI data centers, with SpaceX alone planning $74 billion of investment in Texas and Arizona. Ideal Power and Boost Run set revenue and capacity targets tied to the sector.

Illustration: A long aisle of server racks in a dark data hall, lit by cyan and magenta indicator lights that reflect on the polished floor.
Illustration

Ideal Power said it expects revenue from its AI data center business to begin in the second half of 2027. The company also put its sales pipeline at about $450 million, which is the total value of potential deals it is working on.

Boost Run is aiming for roughly 40 megawatts of colocation capacity in service by the end of 2026. Colocation means renting space and power in a facility to other companies' computing equipment. Its target for exit annual recurring revenue is about $435 million, a measure of predictable yearly income at the end of a period, and the figure assumes no changes to its projects.

SpaceX plans to invest $74 billion in data centers in Texas and Arizona. That makes it the largest dollar figure in this group of plans.

All three sets of figures are company plans and targets, not completed results. Investors and households can watch whether the projects move forward on the timing and size the companies have described.

GuideIs the stock market open today? Hours and holidays of the main exchanges

Where
United States
Published
Section
Companies

This article is not investment advice. It was written by our automated newsroom from published reports and official statements, using only the facts in them, and not read by a person before it was published. Report a mistake

Back to the front page

More news

Illustration: A busy trading floor seen from behind, traders with hands on their heads, large screens printed in pink-red.CompaniesNvidia CEO Jensen Huang steps down amid affair allegationsNvidia co-founder Jensen Huang has resigned as chief executive after allegations of extramarital affairs, and the chip maker's shares fell. The episode raises questions about who will lead the AI chip leader and how far the fallout will spread.NVIDIAdown −26.41%1 monthIllustration: Confetti falling over a trading floor while small figures raise their arms, in pink, teal and yellow.CompaniesAnthropic IPO draws Wall Street banks and everyday investorsDemand for Anthropic's public offering is about six times the shares on offer, while Wall Street banks pitch and everyday investors prepare to join. Bitcoin fell below $69,000 amid worries that holders might cash out to pay for the deal.Bitcoindown −17.68%1 monthIllustration: A stamp pressed onto a blank sheet of paper on a lime backdrop, with a big pen beside it.CompaniesSEC plans to loosen executive pay disclosure rulesThe US Securities and Exchange Commission plans to amend its rules on pay disclosure, loosening what companies must reveal about compensation.Illustration: A phone leaning upright shows a plain gold coin on its screen, with silver and gold circuit-pattern tokens scattered around it on a coral backdrop.CompaniesPayward, Kraken's parent, posts Q3 adjusted EBITDA of $60 millionPayward, the parent of crypto exchange Kraken, reported lower third-quarter platform margin as trading activity slowed. The company is pushing into other financial services, including US prediction markets.Illustration: A desk covered with paper reports, a pen and a pair of glasses, seen from slightly above, with an emerald accent.CompaniesNakamoto's Q3 revenue turns negative on options lossesNakamoto's operating revenue for the third quarter turned negative after losses on options. Its shares fell after the results, down 6% before the market opened.Bitcoindown −17.68%1 monthIllustration: A row of paper-layered desks at eye level, each with a screen glowing red, chairs pushed back.CompaniesMicrosoft outage disrupts Outlook and Teams, shares fallA global Microsoft outage disrupted Outlook and Teams for more than a day, leaving users without email and chat. Microsoft shares fell while cybersecurity stocks gained, and the company was still working on a fix.Microsoftdown −1.84%1 month