Stateline Power, the turbine venture of CTC Property and a Solaris subsidiary. It is to rent about 900 megawatts of generating equipment to MZX Tech, a SpaceX subsidiary, for Southaven. Solaris carries the venture’s assets and debts in its own accounts, and SpaceX does not. Chapter 10.
From The AI Compute Race. Read the book
Where the book uses it
- Chapter 10 — The Lender’s Decision
Who is lending the money and who bears the loss: the bonds, leases and guarantees behind the largest campuses, and how the paper reaches ordinary retirement accounts.
Sources that use it
- Solaris Energy Infrastructure, “First Quarter 2026 Results,” 27 April 2026 (Stateline Power LLC, “the Company’s joint venture to provide approximately 900 megawatts (“MW”) of primary power to an artificial intelligence data center”; behind-the-meter projects for three hyperscalers). In the Sources
- Amended and Restated Master Equipment Rental Agreement between Mobile Energy Rentals LLC (a Solaris Energy Infrastructure subsidiary) and CTC Property LLC, 28 April 2025, signed for CTC by Jared Birchall as corporate secretary and for the lessor by Kyle Ramachandran; Exhibit 10.4 to Solaris’s Form 10-Q for the quarter ended 30 June 2025 (monthly rent paid in advance; title remains with the lessor; the customer bears risk of loss, may not relocate equipment without written consent, reimburses removal and return costs plus a redacted markup, and must obtain and maintain the “Customer Permits” and bear fines for failing to; escalation from the third contract year at a redacted percentage; rates, unit schedule and commencement conditions in a separate Rental Order not filed; assigned by the lessor the same day to Stateline Power LLC under an Assignment and Assumption Agreement and Consent, recorded in the Stateline LLC agreement’s Exhibit A definition of the Rental Agreement (Exhibit 10.3 to the same 10-Q), so that Stateline is the lessor that holds title under section 6.01; the lessor also obtains and maintains the “Lessor Permits” for the rental itself). In the Sources
- City of Southaven, April 2026 business-starts report, MZX Tech entry dated 21 April 2026 (2400 Stateline Road West; 30 full-time employees). In the Sources
- City of Southaven, Mississippi, Minutes of the Mayor and Board of Aldermen, regular meeting of 18 August 2026, Part 1 (the mayor’s report on the land swap, page 15 of the minutes; Mayor Darren Musselwhite “stated that the City of Southaven has entered a contract with MZX Tech, LLC, an affiliate of SpacexAI, to relocate our former Police/Fire training center on Tulane Road to property on Swinnea Road just south of Stateline Road”; “This land swap deal will transfer ownership of the City’s 51-acre site in exchange for 69 acres of new land surrounding an existing 20-acre parcel of City property and $40 million to construct new facilities.”; the contract itself is not published; the minutes are a scan with no text layer, read from the page image) In the Sources
- Darana Hybrid, Inc. v. CTC Property LLC and MZX Tech LLC, verified complaint filed Shelby County Chancery 3 August 2026, No. 2:26-cv-03037 in the Western District of Tennessee, with exhibits (the recorded Shelby instruments 26064556, 30 July 2026, $18,646,622.43, Lowry/CTC, 216.5 acres, and 26064953, 31 July 2026, $118,246,160.35, Tulane/MZX, 78.6 acres — both claiming land and improvements only, naming no Stateline or Valor equipment — against the receivables schedule, $136,892,782.78 asserted, and Darana’s lien gives 10 March 2024 as first furnishing at Lowry, five weeks before the MSA’s effective date; removed to the federal court on 11 August 2026 and, on 4 September 2026, consolidated into No. 2:26-cv-02994 and administratively closed there, ECF 36, Darana’s claims continuing as counterclaims; the executed Master Services Agreement, effective 15 April 2024: price left to statements of work — the $245/hour Colossus electrical-and-mechanical rate arrives in Amendment One of April 2025, a 10 percent subcontractor-markup cap, payment within 45 days of invoices not reasonably disputed, audit rights; docket paragraph 12: CTC “wrongfully terminated Darana on June 23, 2026”, its letter purporting to terminate Darana’s services for CTC and for MZX; paragraph 39: last services furnished 23 June 2026; paragraph 13: CTC’s last payment 2 July 2026; a Scribd copy of the complaint is at the first address; the contractor’s own papers disagree on the start: the lien reads “was furnished March 10, 2024”, while the Prompt Pay Act demand letter in the same filed package says “Darana first furnished labor, materials and services on March 24, 2024”). In the Sources
And 8 more: search the Sources.
Related terms
From the glossary of The AI Compute Race.
How to cite this page
Dryburgh, Lee S. “Stateline.” In The AI Compute Race. DRYBURGH. https://dryburgh.com/vol1/glossary/stateline (accessed 2026-11-01).
BibTeX
@misc{dryburgh-stateline-2026,
author = {Dryburgh, Lee S.},
title = {{Stateline}},
howpublished = {In \emph{The AI Compute Race}, DRYBURGH},
year = {2026},
url = {https://dryburgh.com/vol1/glossary/stateline},
note = {Accessed 2026-11-01}
}