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Former energy secretary rick perry’s $17 billion startup aims to build four large nuclear reactors in the texas panhandle to fuel ai data centers—eventually Toby neugebauer, ceo of fermi (center left) and rick perry, former us energy secretary (center right) ring the closing bell during the company's ipo at the nasdaq in new york on october 1, 2025. For now, it is sticking with good.
Jennifer hiller / wall road journal Energy secretary and texas governor rick perry, ai power startup fermi went from nonexistent to an october ipo with a mammoth $16 billion market cap in less than a year. Rick perry went public this week, raising the young company’s value to $19 billion following an initial public offering this week
Fermi america, based in amarillo, plans to harness nuclear energy to power ai data centers
The company already has the.
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