Rick Perry loses reelection to board of data center firm Fermi
The gist
Former Texas governor Rick Perry lost his board reelection bid at Fermi, the data center firm he co-founded.
Fermi disputes this, saying he won most votes cast and stays on for now.
How it unfolded
- Sep 8, 2025Fermi America, founded by former Energy Secretary Rick Perry, filed for an initial public offering, detailing natural gas plans and a push for Department of Energy loans.
- Oct 23, 2025Perry, co-founder of Fermi America, discussed the Matador Project — aiming to build the world's largest AI data center in Amarillo — in an interview.
- Apr 2026Toby Neugebauer was removed for cause as CEO after leadership cited public outbursts they said hurt efforts to secure tenants.