Business · 15 July 2026

Elon Musk acquired APR Energy for $1 billion to power xAI Grok chatbot

Elon Musk has bought APR Energy, a company that runs mobile gas and diesel turbines, for over $1 billion. The APR Energy acquisition will power xAI's Grok, his electricity-hungry AI chatbot. The deal surfaced through a Federal Trade Commission notice on May 14, 2026, with no public announcement.

By BriefTea Editorial · 15 July 2026 at 23:32

Reported by electrek.co · How we write briefs

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