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Supercomputer project led by Musk expands Memphis property holdings

Artificial intelligence firm xAI pays $10 million for property with connections to gas-fired power plant
The property acquired by xAI near Memphis, Tennessee, has connections to this natural gas power plant operated by the Tennessee Valley Authority. (CoStar)
The property acquired by xAI near Memphis, Tennessee, has connections to this natural gas power plant operated by the Tennessee Valley Authority. (CoStar)
CoStar News
July 21, 2025 | 5:55 P.M.

Elon Musk’s artificial intelligence company xAI is expanding in the Memphis, Tennessee, area with the purchase of a former Duke Energy site that includes connections to a natural gas-power plant.

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