2025-09-28
4/ Rick Perry's REIT The former Energy Secretary's Fermi REIT is chasing a $13B IPO valuation. It wants to power AI data centers with a nuclear-gas-solar megaproject. Catch? No revenue yet and already a $6.4M loss this year.
Reuters
Fermi, a data center real estate investment trust co-founded by former Energy Secretary Rick Perry, aims to raise $550M in a US IPO at a $13.16B valuation
www.datacenterdynamics.com/en/news/ ferm... … Threads: @bloombergbusiness : Fermi, a real estate investment trust co-founded by former Texas Governor Rick Perry, has filed for an i...