May 10, 2026
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Sequencing Beats Vision: Why Fermi's $19B Pitch Couldn't Land a Single Tenant
Fermi Inc.'s board fired its CEO after the $19 billion Amarillo nuclear-campus pitch failed to sign a single tenant.
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Fermi Inc.
Fermi Inc. operates as a software company providing data center management and optimization solutions, including services relevant to Texas's growing data center infrastructure sector.
Referenced in 2 briefingsLast referenced: May 10, 2026
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April 19, 2026
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Anchored Offtake Wins the Queue. Speculation Gets Repriced.
Fermi Inc. CEO Toby Neugebauer stepped down with shares down 31 percent in extended trading and 78 percent since the October IPO, after the anchor tenant for the 11 GW Project Matador withdrew and triggered a class action.
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