Artificial intelligence infrastructure startup Fermi America, co-founded by former Texas governor and former U.S. Energy Secretary Rick Perry, in its first day of trading rose to a valuation of more than $19 billion in a reflection of increased investor appetite for AI-fueled data centers.
Rick Perry's data center REIT rises in first day of trading to over $19 billion valuation
Fermi’s IPO could set tone for how energy infrastructure is funded, law firm says
CoStar News
October 1, 2025 | 10:32 P.M.
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