Elon Musk’s xAI Acquires Power Plant Site Near AI Data Centers For $10

7/21/2025

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Bisnow

• Subcategory: Industrial: Data Centers, Industrial: Utilities

• Tag: Sale | Strategy

• Additional Filters-Subcategory: Industrial: Hydrogen-Helium-Natural Gas-Oil

• Additional Filters-Tags: Sale: Owner/User, Sale: Single Property

• Company: xAI

Elon Musk’s artificial intelligence company has purchased the site of a former natural gas power plant near its massive data center project in Memphis, Tennessee.

xAI

Brent Mayo | Senior Manager, Site Builds/Infrastructure/Data Centers

415-631-9690