SpaceX pays $185M for 785K-SF data center from Phoenix Investors at former Electrolux site in Memphis

  • 5/23/2026

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Memphis Business Journal

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Highlights
SpaceX acquired the former Electrolux property in Southwest Memphis for $185 million.
Anthropic will pay SpaceXAI $1.25 billion monthly through May 2029 for compute access.
Phoenix Investors bought the site for $35 million in late 2023.

Space Exploration Technologies Corp. (SpaceX)
Elizabeth Dodge | Senior Manager, Real Estate
Phoenix Investors LLC
Anthony Crivello | EVP-Acquisitions/Asset Management

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