Crusoe Cancels $1.25 Billion Boom Superpower Turbine Deal
Crusoe cancels its $1.25 billion order for 29 Boom Superpower turbines, leaving Boom to find other AI power sites before a 1 gigawatt 2028 growth target.
Summary
Crusoe ended its $1.25 billion launch agreement to buy 29 of Boom Supersonic’s 42 megawatt Superpower turbines, which were scheduled for delivery beginning in 2027. On September 25, 2026, Boom CEO Blake Scholl said turbines no longer fit Crusoe’s immediate primary power plans for Abilene and other sites. Crusoe spokesperson Andrew Schmitt confirmed the split, while retaining turbines, wind, solar, batteries and the grid as options. Boom expects to deliver about 250 megawatts to other customers in 2027 and targets 1 gigawatt in 2028, with a possible future Crusoe partnership still open.
Denver based Crusoe, founded in 2018 by Cully Cavness and Chase Lochmiller as a bitcoin miner using excess oilfield natural gas, recently raised $3.9 billion and has become a major AI data center builder. Its 1.2 gigawatt Abilene campus for Oracle and OpenAI uses grid power with gas turbines reserved for backup, while a 900 megawatt Abilene facility for Microsoft will use on site gas turbines. Superpower shares about 80 percent of its parts with Symphony, the engine planned for Boom’s Overture supersonic passenger jet. Boom raised $300 million in 2025 largely to commercialize stationary power and intended its profits to fund Overture, making the loss of its first customer a setback despite its remaining pipeline. Scholl provided no further comment before publication.
Positives
- Crusoe recently raised $3.9 billion as it expands AI data center campuses across the United States.
- Boom expects other sites to receive about 250 megawatts of Superpower capacity in 2027.
- Boom targets 1 gigawatt of Superpower deployments in 2028 despite losing Crusoe as its first customer.
- Crusoe’s 900 megawatt Microsoft campus in Abilene will still use on site gas turbines.
- Superpower shares about 80 percent of its components with Symphony, potentially spreading development costs across Boom’s energy and aviation businesses.
Risks & concerns
- Crusoe canceled a $1.25 billion agreement covering 29 Superpower turbines scheduled to begin arriving in 2027.
- Boom lost the first customer for the stationary turbine business it launched to help finance Overture.
- Boom’s $300 million 2025 fundraising supported commercialization of a power business now missing its launch partner.
- Crusoe’s 1.2 gigawatt Oracle and OpenAI campus uses the grid, with gas turbines limited to backup power.
- Details about replacement customers and specific sites for Boom’s planned 2027 deliveries remain limited.
