B · Normal
[Korea State-owned Electric Power Co., Ltd. gave up its stake in the SpaceX power plant project and switched to focusing on operation and maintenance] On October 30, according to news from the Korean Congress and the power generation industry on the 30th, Jungbu Power Co., Ltd. adjusted its plan and gave up its direct investment in the "SpaceX AI integrated power plant project" and instead participated in the project as an operation and maintenance service provider without equity investment. As for the reasons for the change in investment plan, Central Electric Power explained: "Before the merger with SpaceX, xAI had a positive attitude towards external investment; after the merger was completed, its external financing demand dropped, so we withdrew our investment intention." A person in charge of Central Electric Power said: "The original plan of the project was to focus on operation and maintenance and supporting equity investment; during the evaluation process, given that SpaceX AI no longer needs external funds, we adjusted the direction and focused on operation and maintenance services."
Global market intelligence 🕐 2026-10-30 14:50

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