--- title: "Crusoe and Boom Supersonic scrapped their $1.25 billion turbine deal days after Crusoe's $3.9 billion round" description: "Days after closing a $3.9 billion round at a $30.9 billion valuation, Crusoe has lost its launch deal for Boom Supersonic's turbines, roughly 1.2 gigawatts of planned on-site power, on top of handing back the 1.8GW Cheyenne project in June. The delivery gap the round is underwriting just lost its flagship power answer." publisher: "The Inference" section: "Deals" published: 2026-10-09T18:19:27.949Z modified: 2026-10-09T18:19:27.949Z canonical: https://theinference.org/article/crusoe-and-boom-supersonic-scrapped-their-1-25-billion-turbine-deal-days-after-crusoe-s-3-9-billion-round language: en keywords: "Crusoe, Boom Supersonic, Data Centers, Power, Funding" --- # Crusoe and Boom Supersonic scrapped their $1.25 billion turbine deal days after Crusoe's $3.9 billion round > Days after closing a $3.9 billion round at a $30.9 billion valuation, Crusoe has lost its launch deal for Boom Supersonic's turbines, roughly 1.2 gigawatts of planned on-site power, on top of handing back the 1.8GW Cheyenne project in June. The delivery gap the round is underwriting just lost its flagship power answer. [Crusoe](https://theinference.org/markets/companies/crusoe) reports [more than 6 gigawatts of gross contracted capacity, of which 1 gigawatt is delivered and operating](https://theinference.org/article/crusoe-sold-six-gigawatts-and-built-one), and it closed an initial $3.9 billion Series F on September 17 at a $30.9 billion post-money valuation [2]. Days later, Blake Scholl, CEO of Boom Supersonic, [said the companies are no longer moving forward with the $1.25 billion launch partnership](https://www.jingletree.com/crusoe-abandons-1-25b-plan-to-use-boom-turbines-at-ai-data-centers-276744.html) for his Superpower turbines: "Turbines are no longer part of Crusoe's near term primary power mix at Abilene," he wrote on X [1]. ## The round underwrote power plans The Series F roughly tripled the valuation from October 2025's Series E above $10 billion, co-led by Atreides Management, Mubadala Capital and Valor Equity Partners, with [Nvidia](https://theinference.org/markets/companies/nvidia) among the backers [2]. The order Boom lost covers 29 of its 42-megawatt Superpower turbines, 1,218 megawatts of planned on-site power with first deliveries slated for 2027 [1]. It is the second slip in four months: [Black Hills said on June 10](https://storagenewsbox.com/index.php/2026/10/05/crusoe-is-valued-at-30-9-billion-only-1-of-its-6-plus-contracted-gigawatts-is-operating/) that Crusoe handed back development of the 1.8 gigawatt Cheyenne, Wyoming project, which continues without Crusoe [2]. The order sat at the heart of Crusoe's power plan for its Texas campuses. Abilene's operating 1.2 gigawatt [Oracle](https://theinference.org/markets/companies/oracle) campus, where [OpenAI](https://theinference.org/markets/companies/openai) trained its Astra model, runs on grid power with gas turbines backup only; the 900 megawatt [Microsoft](https://theinference.org/markets/companies/microsoft) campus there waits for mid-2027 [1][2]. GE Vernova's [29 booked LM2500XPRESS units](https://news.puhulab.com/raw/feeds/2026-09-25-gevernova-crusoe-turbines), nearly 1 gigawatt, now carry the near-term turbine story [4]. *Chart: **The gigawatts that lost their power plans, against what is actually running** Bars comparing megawatts of capacity by power plan status: the 1,800MW Cheyenne project Crusoe handed back to Black Hills, the 1,218MW Boom Superpower order now canceled, GE Vernova's nearly 1GW of booked LM2500XPRESS turbines, and the 1,200MW operating Abilene Oracle campus on grid power.* *Megawatts of capacity by power-plan status. Boom order is 29 x 42MW turbines (Jingletree/TechCrunch); Cheyenne 1.8GW per Black Hills via DataFLOQ; GE Vernova ~1GW of LM2500XPRESS units (news.puhulab); Abilene Oracle campus 1.2GW on grid power. [1][2][4]* ## Who pays, and who keeps the megawatts Series F investors are marking more than $140 billion of total contract value, all company figures, against 1 gigawatt actually energized, and this week the contracted gigawatts lost their most concrete power answer [2][1]. Boom raised $300 million last year largely to commercialize Superpower with Crusoe as launch customer, and now redirects about 250 megawatts to other sites, targeting 1 gigawatt in 2028: the turbines end up powering Crusoe's rivals' campuses [1]. Crusoe, meanwhile, spent the week on goodwill, [pledging $50 million in compute credits over three years to the White House's Genesis Mission, announced October 8](https://www.globenewswire.com/news-release/2026/10/08/3377576/0/en/crusoe-pledges-50-million-in-compute-credits-to-white-house-ai-science-initiative.html) [3]. ## Watch GE Vernova's booking and Crusoe's next energized megawatt Megawatts energized, not megawatts contracted, are the currency at this valuation [2]. The tell is GE Vernova's 29-unit booking surviving intact and the date of Crusoe's next energized megawatt at Abilene; anyone marking Crusoe secondaries or its contract value should haircut the gigawatts that just lost their power plan [2][4]. ## Takeaway A $30.9 billion valuation priced more than 6 contracted gigawatts, but only 1 is energized and the 1,218MW Boom order was the flagship power answer, so judge Crusoe on energized megawatts and GE Vernova's booked units, not contract value. ## Sources 1. [Jingletree (via TechCrunch), Crusoe abandons $1.25B plan to use Boom turbines at AI data centers, 2026-10-02](https://www.jingletree.com/crusoe-abandons-1-25b-plan-to-use-boom-turbines-at-ai-data-centers-276744.html) 2. [StorageNewsBox/DataFLOQ, Crusoe Is Valued at $30.9 Billion. Only 1 of Its 6-Plus Contracted Gigawatts Is Operating, 2026-10-05](https://storagenewsbox.com/index.php/2026/10/05/crusoe-is-valued-at-30-9-billion-only-1-of-its-6-plus-contracted-gigawatts-is-operating/) 3. [GlobeNewswire, Crusoe Pledges $50 Million in Compute Credits to White House AI Science Initiative, 2026-10-08](https://www.globenewswire.com/news-release/2026/10/08/3377576/0/en/crusoe-pledges-50-million-in-compute-credits-to-white-house-ai-science-initiative.html) 4. [news.puhulab.com, GE Vernova and Crusoe announce 29-unit aeroderivative gas turbine deal, 2026-09-25](https://news.puhulab.com/raw/feeds/2026-09-25-gevernova-crusoe-turbines) --- Crusoe and Boom Supersonic scrapped their $1.25 billion turbine deal days after Crusoe's $3.9 billion round — The Inference. Canonical: https://theinference.org/article/crusoe-and-boom-supersonic-scrapped-their-1-25-billion-turbine-deal-days-after-crusoe-s-3-9-billion-round