Nvidia announced it will invest an initial US$2 billion to acquire roughly a 20% stake in Lancium, the developer behind the Stargate AI data center campus in Texas, with potential to invest up to US$3 billion if certain conditions including grid hookups are met [1, 2, 3]. Lancium owns the 404.7 hectare (about 1,000 acres) Lancium Clean Campus in Abilene, Texas, the first operational site in the Stargate initiative [1, 2, 3].
Lancium has an enterprise value estimated at around US$10 billion, including its land and power assets, and counts private equity giant Blackstone among its backers [1, 2, 3]. Nvidia’s investment aims to support Lancium as it prepares for a possible IPO as early as 2027 [1, 2, 3]. However, the deal involves acquiring equity only and does not include credit guarantees or leasing commitments for future data center builds [2].
Stargate is a high-profile joint venture launched in January 2025 by SoftBank, OpenAI, and Oracle to build AI data center infrastructure in the US. Then-President Donald Trump announced the project, highlighting expected investments up to US$500 billion from involved companies [1, 2, 3].
Lancium and Crusoe outlined plans in July 2026 to build a 1 gigawatt AI data center in Texas, reflecting growing demand for green power in AI infrastructure [2]. Nvidia’s investment will help Lancium expand its operations within this context [1, 2, 3].
The Nvidia-Lancium deal marks another major step in scaling AI data center power infrastructure, with the next milestone being Lancium’s potential initial public offering scheduled for as early as 2027 [1, 2, 3].
