Amazon Returns To Fermi As Reactor Timelines Slip Further Away

Rowan Digital Infrastructure secured $1.5B in financing for data center projects, tied to customer contracts. Samsung may acquire Modine for $7.5B-$8B. NextDC paused unsold projects, Nebius delayed 2026 revenue. Norway halted grid capacity reservations for data centers. DAMAC targets 10GW by 2027, warns of rising build costs. Meta signed deals for lower-carbon materials. Integra filed an $8B data center project in Texas. Poste Italiane launched a €600M data center fund.

Amazon [AMZN] has agreed to a $309.5M settlement for a class-action lawsuit alleging improper return practices. Up to $100M may go to legal fees. Affected customers can claim refunds by Dec. 1, 2026, with some receiving automatic payouts. Amazon denies wrongdoing. The settlement covers purchases from Sept. 5, 2017, to Feb. 12, 2026.

Fermi Project Matador received a $200 million prepayment from an unnamed hyperscaler for 600 MW at its Texas campus, but no lease has been signed. Fermi reported a Q3 net loss of $141.6 million, $315.5 million in cash, and $958.4 million in net debt. Lease negotiations are ongoing, with deadlines for customer agreements and land lease tied to Dec. 31, 2026.

United Launch Alliance (ULA) plans to launch its Vulcan rocket on Saturday, Nov. 14, for Amazon's Leo constellation. The rocket, out of service since February due to a nozzle anomaly, has been fixed and tested. The mission will carry 40 Amazon Leo satellites, the largest launch for the constellation. ULA has 38 Vulcan launches planned for Amazon, with the rocket serving as the primary launch vehicle for its first-generation constellation.

OpenAI launched ChatGPT Wallet, a payment feature for AI agents to make purchases on behalf of users. Developed with American Express, Mastercard, and Visa, it's available to U.S. ChatGPT Pro subscribers. Users can link credit cards and approve transactions via biometric verification. OpenAI aims to build merchant relationships and secure transactions, not generate transaction revenue initially. The feature is limited to eligible U.S. users with supported cards.

United Launch Alliance (ULA) is set to launch 40 Amazon Leo broadband satellites on its Vulcan rocket today, marking its return to flight after a nine-month hiatus. The launch, scheduled for 12:54 p.m. ET, is the first of 38 contracted missions for Amazon's satellite network. ULA, a joint venture between Boeing and Lockheed Martin, aims to establish Vulcan as its primary rocket for commercial and national security missions.