Jet.AI and Choo Choo Express Form Joint Venture for $500M Moapa Data Center Campus

Reuters
2025/12/23
Jet.AI and Choo Choo Express Form Joint Venture for $500M Moapa Data Center Campus

Jet.AI Inc., an emerging provider of high-performance GPU infrastructure and AI cloud services, has announced plans to enter into a joint venture with Choo Choo Express LLC (CCE) to develop a 50-megawatt data center campus in Moapa, Clark County, Nevada. The project is expected to have an estimated enterprise value of approximately $500 million upon completion. Jet.AI plans to commit around $10 million over two years, with capital contributions tied to key development and infrastructure milestones such as feasibility studies and utility extensions. Under the proposed structure, Jet.AI is expected to receive about 70% of the equity promote, potentially valued at $25 million at project stabilization. CCE brings extensive experience in large-scale data center development and a substantial local workforce to the partnership.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Jet.ai Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9616452-en) on December 23, 2025, and is solely responsible for the information contained therein.

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