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

Reuters

Dec 23, 2025

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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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.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n<i>Disclaimer: <span>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.</span></i>\n</p>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1861217088.USD","symbol_name":"贝莱德金融科技A2","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251223:nNDLbjyCK1:1","article_id":"2593415868","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2593415868","pubTimestamp":1766499309,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"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  to develop a 50-megawatt data center campus in Moapa, Clark County, Nevada. 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