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Elon Musk acquires APR Energy for mobile power venture

PUBLIC · TSLAJul 22, 2026

Acquiring Company

Tesla/SpaceX

Acquired Company

APR Energy

AustinJacksonvilleManufacturingEnergyRenewable EnergySolarAutomotiveEnergyOil And GasRenewable Energy

Description

Elon Musk has made a $1 billion acquisition of APR Energy, a mobile gas-fired power company. The move allows Musk to expand into the fossil-fuel power sector amidst rising energy demands from AI developments. APR Energy provides essential power solutions for industrial users, complementing Musk's ventures in renewable energy. This acquisition aligns with Musk's strategic goals in addressing the energy challenges faced by growing digital infrastructure.

Company Information

Company

Tesla/SpaceX

Location

Austin, Texas, United States

About

Tesla/SpaceX is a technology company led by Elon Musk, focusing on automotive, space exploration, and energy sectors. Tesla is known for its electric vehicles and renewable energy solutions, while SpaceX is renowned for its advancements in aerospace. The companies aim to accelerate the world's transition to sustainable energy and explore interplanetary travel. Elon Musk's leadership drives innovation and growth in these industries.

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Frequently asked

Who acquired APR Energy?

APR Energy was acquired by Tesla/SpaceX, based in Austin. The deal was reported on July 22, 2026. Tesla/SpaceX is a technology company led by Elon Musk, focusing on automotive, space exploration, and energy sectors. Tesla/SpaceX is publicly traded (TSLA) and operates in Manufacturing.

When did Tesla/SpaceX acquire APR Energy?

Tesla/SpaceX's acquisition of APR Energy was reported on July 22, 2026. Elon Musk has made a $1 billion acquisition of APR Energy, a mobile gas-fired power company. The move allows Musk to expand into the fossil-fuel power sector amidst rising energy demands from AI developments. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does APR Energy do?

APR Energy is a company specializing in mobile gas and diesel turbines for power generation. They operate a fleet capable of delivering rapid deployment of power solutions. It is privately held, operating in Energy, and is based in Jacksonville.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.