TL;DR CNBC

Musk's xAI scores permit for gas-burning turbines to power Grok supercomputer in Memphis

Publishing timestamp: 2025-07-03 21:13:45

Summary

xAI, owned by Elon Musk, has obtained a permit to power its supercomputer facility in Memphis using natural gas-burning turbines, despite protests from local residents about air quality concerns. The company faces emissions limits and testing requirements, as well as a pending lawsuit from the NAACP. Musk's other companies, including Tesla, are benefiting from xAI's buildout in Memphis.

Sentiment: MIXED

Tickers: SOI,  TSLA,  GOOGL, 

Keywords: elon musk,  climate,  tesla inc,  technology,  venture capital,  alphabet inc,  business news,  autos,  solaris oilfield infrastructure inc, 

Source: https://www.cnbc.com/2025/07/03/musks-xai-gets-permit-for-turbines-to-power-supercomputer-in-memphis.html