“The Future of AI Infrastructure Starts at the Source”
- Founding: 2018
- HQ: Denver, Colorado
- Market: AI Cloud Infrastructure
- Total Funding: $2.5B
- Funding Stage: Series E
- No. of Employees: 700
Our firm prepares detailed research reports and investment memos for select private company opportunities. Going beyond our public materials, these reports provide comprehensive analysis including the investment thesis, market and competitive assessment, proprietary alternative data, risks and mitigants, and financial base, bear, and bull scenarios. Our research surfaces key insights to help enable informed investment decisions. The content on this page is provided for educational purposes only and is not an endorsement, sponsorship, affiliation, or investment recommendation of Crusoe Energy.
Crusoe Energy Systems is building the data centers needed to power artificial intelligence, doing so in an environmentally innovative way by using wasted energy from oil fields and renewable sources like wind and solar. The company reached a $10 billion valuation following a $1.375 billion Series E round led by Valor Equity Partners and Mubadala Capital, with participation from NVIDIA, Fidelity, T. Rowe Price, Tiger Global, Salesforce Ventures, and Founders Fund. Revenue jumped from $276 million in 2024 to a projected $998 million in 2025—largely because Crusoe is building massive computing facilities for OpenAI’s $500 billion Stargate project, with the Abilene, Texas campus now operational. In July 2026, Bloomberg reported that Crusoe is in talks to raise approximately $3 billion in a pre-IPO funding round that investors familiar with the discussions expect could value the company near $30 billion, including the new capital — roughly triple its October 2025 valuation. The round has not closed, terms are not final, and Crusoe has not publicly confirmed the raise. The company’s customer base has also broadened beyond the Stargate project, with Meta, Microsoft, and Google among the buyers of computing capacity at its data centers.
The appointment of former MongoDB CFO Michael Gordon (who led MongoDB’s 2017 IPO) as COO and CFO signals potential public market preparation. Crusoe’s main advantage is that by capturing energy that would otherwise go to waste, it can offer computing power at 30-50% lower energy costs than traditional providers like Amazon Web Services or Microsoft Azure, which is significant since energy represents about 60% of AI data center expenses. However, potential investors should understand that building these massive facilities requires billions in upfront capital and carries substantial risks, including possible construction delays, dependence on access to oil field waste gas that may decline as the world transitions away from fossil fuels, and the challenge of competing against tech giants.
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Investing in Crusoe Energy — What You Need to Know in 2026
Overview
- Crusoe Energy’s Founding
- What Crusoe Energy Does: Core Products and Services
- How Crusoe Energy Makes Money: The Business Model
- Crusoe Energy’s 2026 Valuation
- Why Consider Investing in Crusoe Energy
- Risks Associated with Investing in Crusoe energy
- The Future Outlook of Crusoe Energy
- Frequently Asked Questions
- How Can I Invest In Crusoe Energy?
- Is Crusoe Energy Publicly Traded?
- How Can I Buy Crusoe Energy Stock?
- Is It Possible To Invest In Crusoe Energy Through ETFs or Mutual Funds?
Key Highlights
- In July 2026, Bloomberg reported that Crusoe is in talks to raise approximately $3 billion in a pre-IPO round at an expected valuation near $30 billion — roughly three times its October 2025 Series E valuation of over $10 billion. Talks remain active, no final valuation has been set, and completion of the round is not assured. The reported raise is anchored by approximately 4.9 gigawatts of contracted capacity as of June 2026 against a development pipeline exceeding 40 gigawatts, with Meta, Microsoft, and Google among the companies purchasing capacity.
- Crusoe achieves energy costs 30-50% lower than traditional hyperscalers by utilizing stranded natural gas at approximately 1/13th standard electricity rates, combined with renewable sources including wind, solar, and hydroelectric power. Since energy represents 60% or more of AI data center operating expenses, this structural advantage creates sustainable margins and competitive pricing power that pure-play cloud competitors cannot replicate without similar energy infrastructure control.
- The March 2025 divestiture of Crusoe’s Bitcoin mining operations (which comprised 55% of 2024 revenue) to NYDIG eliminates cryptocurrency market exposure and positions 100% of future revenue in the high-growth AI infrastructure market. This strategic focus shift—from 80% Bitcoin mining revenue in 2023 to pure-play AI cloud services by 2025—aligns the company entirely with secular AI adoption trends while maintaining partnerships with industry leaders including OpenAI, Oracle, and NVIDIA.
- Crusoe’s $10 billion valuation following its October 2025 Series E represents strong growth from its $2.8 billion December 2024 valuation. The appointment of Michael Gordon—former MongoDB COO and CFO who led that company’s 2017 IPO—as COO and CFO signals potential IPO preparation. However, achieving projected valuations requires successful execution of capital-intensive multi-gigawatt data center construction across a 40+ gigawatt development pipeline, exposing investors to significant construction delays, cost overrun risks, and GPU supply chain constraints in a competitive market.
- The $1.375 billion Series E round was co-led by Valor Equity Partners and Mubadala Capital, with participation from NVIDIA, Fidelity, T. Rowe Price, Tiger Global, Salesforce Ventures, Supermicro, Altimeter Capital, Founders Fund, and over 20 additional investors. The company acquired Israeli GPU orchestration startup Atero for $150 million, establishing an R&D hub in Tel Aviv and enhancing GPU memory optimization capabilities. This institutional validation—particularly NVIDIA’s continued strategic investment and new backing from major public market investors—signals strong confidence in Crusoe’s technical capabilities, though the private company structure limits financial transparency for comprehensive due diligence.
Crusoe Energy's Founding
Crusoe Energy was founded in 2018 in Denver, Colorado by Chase Lochmiller (CEO) and Cully Cavness (President and COO), combining expertise in artificial intelligence, energy engineering, and quantitative finance. The founders developed a patented Digital Flare Mitigation System to address natural gas flaring at oil wells, converting this stranded energy into electrical power for high-performance computing infrastructure. Initially, Crusoe leveraged its mobile data centers for bitcoin mining operations, demonstrating that computing workloads could be effectively located at remote energy sources before expanding to AI applications. In March 2025, Crusoe sold its bitcoin mining business (comprising over 425 modular data centers across seven states) to NYDIG to focus exclusively on AI infrastructure. The company’s vertically integrated structure enables direct sourcing of underutilized energy resources—including renewables—and ownership of compute infrastructure, positioning it as a sustainable alternative to traditional hyperscalers for AI workloads.
Crusoe attracted top-tier investors through a seed round of $4.5 million in March 2019, followed by a Series A of $30 million led by Bain Capital Ventures in December 2019. The company raised $128 million in Series B funding led by Valor Equity Partners in 2021, followed by a $350 million Series C led by G2 Venture Partners in 2022 at a $1.75 billion valuation. In December 2024, Crusoe closed a $600 million Series D round led by Founders Fund at a $2.8 billion valuation, with participation from investors including Fidelity Investments, NVIDIA, Lowercarbon Capital, Polychain Capital, Winklevoss Capital, DRW Trading Group, Mubadala, Valor Equity Partners, and Ribbit Capital. . In October 2025, the company announced a $1.375 billion Series E round co-led by Valor Equity Partners and Mubadala Capital at a valuation exceeding $10 billion, with participation from T. Rowe Price, Tiger Global, Salesforce Ventures, Supermicro, Altimeter Capital, NVIDIA, Fidelity, Founders Fund, and over 20 additional investors.
Crusoe Energy Systems remains privately held and is building critical infrastructure for the AI revolution. The company is developing a flagship 1.2-gigawatt AI data center campus in Abilene, Texas—part of what is Stargate, the $500 billion AI infrastructure initiative. The Stargate Project is a joint venture created by OpenAI, SoftBank, Oracle, and MGX to build AI data centers across the United States, and the Abilene site represents the first operational Stargate data center location. For those wondering who is building Stargate infrastructure, Crusoe secured $11.6 billion in debt and equity through a joint venture with Blue Owl Capital and Primary Digital Infrastructure specifically for this Stargate data center campus development. This Stargate AI data center will support up to 400,000 Nvidia GB200 units with direct-to-chip liquid cooling technology, making it one of the largest GPU clusters ever constructed. The company’s structure allows for fast, margin-protected deals via power purchase agreements, joint ventures, and strategic acquisitions, supporting rapid growth and a sustainability-first strategy in the fast-evolving AI infrastructure and energy market.
The appointment of Michael Gordon—former MongoDB COO and CFO who led that company’s 2017 IPO—as COO and CFO positions the company for its next phase of growth. Co-founder Cully Cavness transitioned to President and Chief Strategy Officer to focus on long-term strategy and innovation.
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What Crusoe Energy Does: Core Products and Services
Crusoe Energy operates as a vertically integrated AI infrastructure and cloud computing company that transforms stranded energy resources—including flared natural gas and renewables—into high-performance computing power for enterprise and AI workloads. By colocating data centers directly at energy sources, Crusoe delivers cost-effective, sustainable computing infrastructure that addresses both the AI industry’s massive power demands and environmental challenges in the energy sector.
Crusoe Cloud: AI Infrastructure Platform
Crusoe Cloud is the company’s flagship product, providing scalable, modular cloud infrastructure optimized for artificial intelligence exploration, model training, and inference workloads. The platform offers enterprise customers and AI developers access to cutting-edge GPU clusters powered by captured energy from oil fields and renewable sources, delivering up to 30% lower energy costs compared to traditional cloud providers while enabling rapid capacity deployment.
Digital Flare Mitigation (DFM): Converting Waste Gas to Computing Power
The Digital Flare Mitigation platform represents Crusoe’s patented technology for capturing natural gas that would otherwise be burned off at oil and gas sites. By converting this wasted energy into electricity on-site, DFM powers modular data centers that reduce methane emissions while monetizing previously stranded resources. This solution helps oil and gas operators meet environmental targets while generating value from waste gas.
Digital Renewable Optimization (DRO): Clean Energy Computing
Digital Renewable Optimization provides compute infrastructure powered entirely by renewable energy sources such as wind, solar, and hydroelectric power. This product line enables Crusoe to deploy data centers in locations with abundant clean energy, further advancing the company’s sustainability-first approach while delivering reliable, cost-effective computing capacity for AI workloads.
Crusoe serves enterprise companies in AI, research institutions, and oil and gas operators seeking to reduce emissions while accessing high-performance computing. The company’s energy-first model delivers compelling economics through lower power costs, faster deployment timelines, and reduced environmental impact—positioning Crusoe as a sustainable infrastructure provider for the rapidly expanding AI industry.
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How Crusoe Energy Makes Money: The Business Model
Crusoe Energy’s core business model centers on transforming stranded and wasted energy sources into profitable high-performance computing and AI cloud services. The company generates revenue primarily through its Crusoe Cloud platform, which provides flexible GPU compute infrastructure for enterprise AI, machine learning, and research workloads. Customers can access services through multiple pricing models including on-demand rates, reserved instances, and long-term lease commitments, with additional fees for storage, networking, and technical support.
The company’s revenue mix has undergone a significant transformation. In 2023, approximately 80% of Crusoe’s revenue came from Bitcoin mining operations powered by captured flared natural gas, with only 14% from AI cloud services. By 2024, this shifted dramatically—AI cloud services grew to represent 45% of total revenue (approximately $124 million), while Bitcoin mining fell to 55% (approximately $152 million).
In March 2025, Crusoe sold its entire Bitcoin mining operation to NYDIG to focus exclusively on AI infrastructure, meaning nearly all future revenue will come from cloud and AI services. This strategic pivot is reinforced by major enterprise partnerships, including Crusoe’s role in building data center infrastructure for OpenAI’s $500 billion Stargate project alongside Oracle.
The company targets multiple customer segments: AI companies seeking cost-effective GPU compute, enterprise technology organizations, academic research institutions, and oil and gas producers for energy partnerships. Crusoe’s vertically integrated infrastructure—owning the entire value chain from energy capture to data center deployment—enables rapid scaling, structurally lower energy costs (reportedly up to 1/13th the standard cost through stranded gas utilization), and sustainable margins. The company’s market strength is demonstrated through hyperscale contracts, including developing multi-billion dollar data centers in Texas that will supply compute capacity for major AI providers.
Crusoe has demonstrated explosive revenue growth in recent years. Revenue grew from approximately $276 million in 2024—to a projected $998 million in 2025, driven largely by the Stargate project and expanding AI cloud business. By 2026, with the completion of key data center projects, revenues are projected to potentially surpass $2 billion.
Crusoe Energy’s 2026 Valuation
Crusoe Energy’s 2026 valuation reflects diverse pricing inputs, including the company’s most recent funding round, current fund valuations, and secondary market transactions.
Crusoe Energy holds a private market valuation exceeding $10 billion following its October 2025 Series E round, reflecting strong investor confidence in its AI infrastructure platform and energy-first approach to data center operations. The company’s fundraising trajectory demonstrates consistent momentum: beginning with a $4.5 million seed round in 2019, followed by a $30 million Series A later that year led by Bain Capital Ventures, a $128 million Series B in 2021 led by Valor Equity Partners, a $350 million Series C in 2022 led by G2 Venture Partners (at a $1.75 billion valuation), and culminating in a $600 million Series D round in December 2024 led by Founders Fund. The Series D included participation from prominent investors including NVIDIA, Fidelity Investments, Mubadala, Ribbit Capital, and returning backers, providing capital to accelerate hyperscale data center development for AI workloads.
In July 2026, Bloomberg reported that Crusoe Energy is in active talks to raise approximately $3 billion in a new funding round that investors familiar with the discussions expect could value the company near $30 billion, including the new capital. That figure would represent roughly three times the valuation set less than a year earlier in the Series E. Axios had previously reported in March 2026 that the company was pursuing a pre-IPO round targeting a $30 billion to $40 billion valuation. As of this writing, no final valuation has been set, no lead investors have been disclosed, and Crusoe has not publicly confirmed the round. There is no assurance the round will close at the reported levels or at all, and investors should treat these figures as reported expectations rather than an established price.
Crusoe’s valuation progression from $1.75 billion in 2022 to $10 billion in 2025 reflects the market’s potential recognition of its differentiated model combining sustainable energy sourcing with AI infrastructure. The reported pre-IPO round structure is itself a signal many investors watch, as such rounds frequently precede a public listing within one to two years — though timing, pricing, and completion all remain uncertain. The company’s competitive advantages include its proprietary Digital Flare Mitigation and Digital Renewable Optimization technologies, vertical integration across the energy-to-compute value chain, and strategic partnerships with industry leaders including OpenAI, Oracle, and participation in the $500 billion Stargate project developing large-scale AI data centers.
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Why Consider Investing In Crusoe Energy
The information provided is intended for educational and informational purposes only. This does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Investment decisions should be made in consultation with a qualified financial professional who can assess your personal circumstances and objectives. Past performance does not guarantee future results, and all investing involves risk of loss.
Explosive Revenue Growth and Potential Market Traction
Crusoe has demonstrated exceptional financial momentum, with revenue surging from $152 million in 2023 to $276 million in 2024, and projections reaching $998 million for 2025. This rapid growth trajectory—combined with strategic partnerships with industry leaders including OpenAI, Oracle, and participation in the $500 billion Stargate project—validates strong product-market fit and the company’s ability to scale in the high-demand AI infrastructure market.
Vertically Integrated Cost Advantage
The company controls its entire value chain from energy sourcing to cloud compute delivery, enabling structural cost advantages that traditional hyperscalers cannot replicate. By utilizing stranded natural gas at reportedly 1/13th standard electricity costs and deploying proprietary energy conversion technologies, Crusoe achieves significantly lower operational expenses while delivering competitive GPU computing services to AI companies seeking cost-effective infrastructure solutions.
Sustainability Leadership in AI Infrastructure
Crusoe’s proprietary Digital Flare Mitigation and Digital Renewable Optimization technologies position the company uniquely at the intersection of AI growth and environmental responsibility. The platform reduces carbon emissions while powering compute-intensive workloads, attracting ESG-focused institutional capital and positioning the company favorably as regulatory frameworks increasingly favor low-carbon infrastructure solutions for the energy-intensive AI sector.
Experienced Leadership and Strategic Market Positioning
The founding team combines deep expertise across energy engineering, artificial intelligence, and technology entrepreneurship. This rare skill set—coupled with Crusoe’s positioning at the convergence of three high-growth sectors (AI infrastructure, sustainable energy, and cloud computing)—creates a defensible competitive moat and strong execution capabilities in a market where technical complexity and operational excellence are critical success factors.
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Crusoe Energy Risk Factors
The information provided is intended for educational and informational purposes only. This does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Investment decisions should be made in consultation with a qualified financial professional who can assess your personal circumstances and objectives. Past performance does not guarantee future results, and all investing involves risk of loss.
Although Crusoe Energy is well-positioned to capitalize on surging AI infrastructure demand through its energy-first data center model and GPU cloud platform, the company faces material risks inherent to the rapidly evolving AI ecosystem. As a specialized infrastructure provider primarily serving AI companies, hyperscalers, and machine learning enterprises, Crusoe’s success depends heavily on maintaining competitive GPU access amid industry-wide chip shortages, securing long-term contract commitments in a market where customers may shift to alternative providers or in-house infrastructure, and continuously adapting its technology stack to support next-generation AI workloads. Rapid advancements in AI model architectures—such as shifts toward inference-optimized chips, custom silicon development by major tech companies, or breakthroughs in compute efficiency—could significantly alter enterprise infrastructure spending patterns and customer requirements. While these transitions create market opportunities for agile providers, they simultaneously introduce operational challenges including GPU supply chain volatility, potential obsolescence of deployed hardware, pricing pressure from competing cloud platforms, and the risk that Crusoe’s energy cost advantages may become insufficient to offset technological disadvantages if the company cannot secure timely access to cutting-edge AI accelerators.
Before investing in Crusoe Energy, potential investors should evaluate several critical risks and challenges (the following examples do not encompass all potential investment risks):
Significant Capital Intensity and Execution Risk
Developing hyperscale AI data centers requires billions in upfront capital expenditures, creating substantial execution risk. The company’s ambitious buildout plans—including multi-gigawatt facilities for the Stargate project—expose investors to potential construction delays, cost overruns, supply chain disruptions, and technology deployment challenges that could materially impact profitability timelines and return on invested capital. These risks are not hypothetical: Bloomberg reported in June 2026 that Crusoe was pushed aside at a Wyoming campus it had been developing after failing to secure anchor customers, illustrating that even a large contracted pipeline does not guarantee every project converts to operating capacity, and that hyperscaler customers retain significant leverage over infrastructure operators.
Energy Market and AI Demand Volatility
Crusoe’s business model depends on both stable access to low-cost energy and sustained demand for AI compute capacity. The company previously derived 80% of revenue from Bitcoin mining, which proved vulnerable to cryptocurrency market fluctuations. While the pivot to AI cloud services reduces this exposure, the AI infrastructure market remains susceptible to demand cycles, competitive pressures from hyperscalers developing custom chips, and potential market saturation as supply catches up with demand.
Dependence on Stranded Energy Sources
The company’s competitive advantage relies heavily on accessing stranded natural gas from oil and gas operations—a resource that may diminish as the global energy transition accelerates and regulatory frameworks tighten methane emissions standards. This dependence creates long-term strategic risk, potentially requiring faster-than-anticipated shifts to alternative renewable energy sources while maintaining cost competitiveness against traditional cloud providers with established infrastructure.
Private Company Transparency and Valuation Uncertainty
As a private company, Crusoe lacks the financial disclosure requirements of public companies, limiting investors’ ability to conduct comprehensive due diligence on operational metrics, margin structures, and customer concentration risks. Crusoe’s valuation has expanded rapidly — from $2.8 billion in December 2024 to over $10 billion in October 2025, with a reported pre-IPO round in mid-2026 targeting a valuation near $30 billion. Valuation expansion of this speed carries its own risk: reported rounds may price below expectations or fail to close entirely, and investors who anchor entry prices to reported figures face repricing risk if final terms differ. Elevated revenue multiples may also face compression if growth rates slow or if comparable public companies experience valuation pressure.
The Future Outlook of Crusoe Energy
Crusoe Energy is positioned at the forefront of converging megatrends in AI infrastructure, sustainable computing, and next-generation data center development. The company projects exceptional revenue growth from $276 million in 2024 to approximately $1 billion in 2025, with a clear path toward $2 billion by 2026, driven primarily by its central role in OpenAI’s $500 billion Stargate project and expanding enterprise partnerships with major technology companies. This growth trajectory reflects both the company’s operational execution capabilities and the massive market opportunity in AI infrastructure.
Crusoe’s competitive differentiation stems from its vertically integrated business model that controls the entire value chain from energy generation through cloud service delivery. By leveraging stranded natural gas, wind, solar, and other underutilized energy sources, the company achieves energy costs 30-50% lower than traditional hyperscalers—a structural advantage that becomes increasingly valuable as energy expenses represent 60% or more of AI data center operating costs. This cost leadership enables Crusoe to offer competitive GPU computing pricing while maintaining healthy margins, creating a sustainable economic moat that pure-play cloud competitors cannot easily replicate.
The company’s development pipeline supports ambitious expansion plans, with approximately 4.9 gigawatts of contracted capacity as of June 2026 and a total project pipeline exceeding 40 gigawatts in various stages of planning and construction. Major projects include the multi-gigawatt Abilene, Texas campus for OpenAI, expansion into European markets with facilities in Iceland and Norway powered entirely by renewable geothermal and hydroelectric energy, and additional sites across North America strategically located near abundant clean energy resources. This geographic diversification reduces concentration risk while positioning Crusoe to serve global customers with data sovereignty requirements and sustainability mandates.
The appointment of Michael Gordon—former MongoDB COO and CFO who led that company’s 2017 IPO—as COO and CFO signals potential IPO preparation and positions Crusoe for its next phase of growth. That trajectory gained further momentum in July 2026, when Bloomberg reported the company was in talks to raise approximately $3 billion in a pre-IPO round at an expected valuation near $30 billion — a round that, if completed, would rank among the largest private AI infrastructure financings of 2026. The round remains unclosed and unconfirmed by the company. Co-founder Cully Cavness transitioned to President and Chief Strategy Officer to focus on long-term strategy and innovation.
Material risks remain that investors must consider. Capital intensity requirements for gigawatt-scale data center construction demand billions in financing, creating execution risk if projects experience delays or cost overruns. GPU supply chain constraints could limit Crusoe’s ability to equip new facilities with cutting-edge hardware, potentially diminishing competitive advantages. Competition is intensifying from both traditional hyperscalers investing heavily in AI infrastructure and emerging neocloud providers pursuing similar strategies. Energy market volatility could impact the economics of stranded gas utilization, while the long-term transition away from fossil fuels may require faster-than-anticipated shifts to renewable sources. Technology evolution—including potential breakthroughs in AI model efficiency or shifts toward custom silicon—could alter customer requirements in ways that favor different infrastructure approaches.
Despite these challenges, Crusoe Energy’s combination of proven technology, strategic partnerships with industry leaders, proprietary energy systems, and alignment with powerful secular trends positions the company as a defining player in sustainable AI infrastructure. The company’s energy-first approach addresses the fundamental constraint facing the AI industry—access to sufficient, affordable, and environmentally responsible power—while its vertical integration enables faster deployment and better unit economics than traditional competitors. As global computing infrastructure increasingly prioritizes both performance and sustainability, Crusoe stands positioned to capture substantial market share and deliver significant value creation for investors in the rapidly expanding clean-compute sector.
Be sure to read the full disclaimer below prior to considering any investment in Crusoe Energy.
Frequently Asked Questions
The information provided is intended for educational and informational purposes only. This does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Investment decisions should be made in consultation with a qualified financial professional who can assess your personal circumstances and objectives. Past performance does not guarantee future results, and all investing involves risk of loss.
How can I Invest In Crusoe Energy?
Investing in Crusoe Energy stock typically requires accredited investor status. The process of buying Crusoe Energy stock can be complex, influenced by factors like the availability of shares, the management team’s openness to adjusting the Crusoe Energy ownership structure (cap table adjustments), and meeting minimum investment requirements. At TSG Invest, we specialize in facilitating Crusoe Energy private investment opportunities. Through our affiliates, we provide accredited investors with options to acquire Crusoe Energy stock directly via TSG Capital Advisors or explore ways to invest in Crusoe Energy indirectly through pooled investment vehicles managed by our experienced fund managers. Discover streamlined access to Crusoe Energy private investment opportunities with TSG Invest.
Is Crusoe Energy Publicly Traded?
Crusoe Energy is a privately held company, and its shares are not available for purchase on public exchanges. Investors can either buy Crusoe Energy stock via a pre-IPO broker like TSG Capital Advisors or invest in Crusoe Energy indirectly through pooled investment vehicles, such as those managed by TSG Invest fund managers.
How Can I Buy Crusoe Energy Stock?
Crusoe Energy stock is only available via pre-IPO brokers and private market marketplaces. A pre-IPO broker, like TSG Capital Advisors (an affiliate of TSG Invest), can help accredited investors learn more information about investing in Crusoe Energy and buying Crusoe Energy stock, including the Crusoe Energy stock price, the latest news about Crusoe Energy going public, and ways to invest in Crusoe Energy indirectly. Examples include investing in Crusoe Energy via pooled investment vehicles managed by TSG Invest fund managers.
When Will Crusoe Energy IPO?
As of 2026, it is unknown when Crusoe Energy will go public, though signals of public market preparation have accumulated. The appointment of Michael Gordon as COO and CFO — a veteran executive who led MongoDB’s 2017 IPO — combined with a reported mid-2026 pre-IPO funding round targeting a valuation near $30 billion, suggests the company may be positioning for a listing when market conditions are favorable. The reported round has not closed and Crusoe has not confirmed it publicly. While many investors anticipate a Crusoe Energy IPO, it’s crucial to understand that an IPO is not the only type of liquidity event available for private companies. Other potential outcomes include acquisition or merger with another company. When evaluating a Crusoe Energy IPO or similar venture-backed private companies, investors should also consider less favorable scenarios, such as the company remaining private or facing business challenges. Stay informed about updates on a Crusoe Energy IPO and other potential liquidity outcomes.
Is It Possible To Invest In Crusoe Energy Through ETFs or Mutual Funds?
Investing in Crusoe Energy through an ETF or mutual fund is often not possible, as private investment opportunities in Crusoe Energy are generally not available via these channels. However, in cases where you can invest in Crusoe Energy through an ETF or mutual fund, it’s important to note that you won’t have the option to purchase Crusoe Energy stock directly. Additionally, investors typically have no control over share management, and the fund’s portfolio may include other holdings, potentially diluting exposure to Crusoe Energy. To explore options for buying Crusoe Energy stock directly or alternative ways to invest in Crusoe Energy, contact TSG Invest today.
TSG Invest is the brand name of The Spaventa Group LLC, a multi-entity financial services holding company founded in 2020 and headquartered on Long Island, New York. Through its affiliated entities — TSG Alpha Partners LLC (SEC-registered investment adviser), TSG Capital Advisors LLC (FINRA-registered broker-dealer, member SIPC), TSG Fund Management, and TSG Insurance Services LLC — TSG Invest provides family office-style wealth management, alternative investments, pre-IPO venture capital access, structured notes, hedging strategies, custom indexing, insurance solutions, and more. TSG Invest’s proprietary Venture 50 Index and TSG Vault platform provide investors with research, analysis, and access to opportunities in the pre-IPO market. Learn more about TSG Invest and our affiliated entities.
IMPORTANT DISCLAIMER FOR INVESTORS CONSIDERING INVESTING IN CRUSOE ENERGY
The following material is provided by TSG Invest and its affiliates (collectively “TSG Invest”) for informational and educational purposes only. This material does not constitute an offer to sell securities or a solicitation to participate in any trading strategy. Investing inherently involves risk, including the potential loss of principal. Past performance does not guarantee future results, and market conditions can change rapidly. Different investments carry varying levels of risk. While content is compiled from sources believed reliable, TSG Invest cannot guarantee complete accuracy or completeness of information presented. All opinions, forecasts, and projections reflect our views as of the publication date. This material may contain preliminary information and forward-looking statements. Due to various factors, actual events may differ substantially from those presented. TSG Invest assumes no obligation to update forward-looking statements or opinions. TSG Invest, its officers, directors, employees, or clients may hold positions in mentioned securities or investments. Such positions may change at any time without notice. All opinions and market views are subject to change without notice. TSG Invest and its financial advisors do not provide legal, tax, or accounting advice. You should consult with legal and tax advisors before making any financial decisions. This material does not consider individual investment objectives, financial situations, or needs. Furthermore, TSG Invest does not monitor ongoing suitability, provide personalized recommendations without a formal agreement, or determine if content suits individual readers. Receipt of this material does not create an advisory relationship. Professional financial advice is recommended for your specific situation. Investors should carefully review all risks and consider their investment objectives, resources, and risk tolerance before making investment decisions. No assurance can be given that any specific investment or strategy will be profitable or suitable for any specific investor’s portfolio. Asset allocation, rebalancing, and diversification strategies do not guarantee against risk in broadly declining markets. This material is not intended as a recommendation, offer, or solicitation for the purchase or sale of any security or investment strategy. TSG Invest (d/b/a of The Spaventa Group LLC) is not a registered broker-dealer nor investment advisor. TSG Invest refers certain financial services to its affiliated broker-dealer, TSG Capital Advisors LLC (“TSGCA”) (Member FINRA/SIPC), its wholly owned registered investment advisor subsidiary, TSG Alpha Partners LLC (“TSGA”), and its wholly owned insurance agency subsidiary, TSG Insurance Services LLC (“TSGIS”). Financial Planning and Investment Advisory Services offered through TSG Alpha Partners LLC (CRD #319493). Private placements offered through TSG Capital Advisors (CRD #147509), member FINRA, SIPC. Insurance products offered through TSG Insurance Services LLC. TSG Alpha Partners, TSG Capital Advisors, and TSG Insurance Services are affiliated due to common ownership. These affiliates may take positions contrary to those discussed in this material. Private placements discussed herein are especially high-risk and illiquid investments typically only available to accredited investors under Regulation D. These securities are subject to holding period requirements, and not all private companies will succeed or go public. Independent due diligence is essential, and investors should be prepared for the possibility of total loss of investment.
RISK FACTORS RELATED TO ARTIFICIAL INTELLIGENCE INVESTMENTS
Investments in companies developing or utilizing artificial intelligence (AI) technologies are subject to significant risks that could result in the loss of some or all of your investment. Technological risks include rapidly evolving technologies that may become obsolete, algorithmic bias, system errors, inability to handle complex scenarios, cybersecurity vulnerabilities, data privacy risks, and critical dependencies on specialized hardware and computing resources. The regulatory landscape presents substantial challenges, such as complex and evolving global regulations, potential restrictions on AI applications in sensitive sectors, and substantial compliance costs, especially for data privacy and protection. Market risks encompass intense competition from established tech companies and startups, valuation uncertainty, potential market bubbles, volatility due to changing AI sentiment and tech trends, and difficulty quantifying ROI of AI initiatives in the short term. Operational risks involve high R&D costs, challenges attracting specialized talent, data acquisition and quality issues, ethical concerns, reputational risks from AI failures, intellectual property disputes, and patent litigation. The success of AI investments depends on companies’ ability to navigate these complex risks and challenges. Past performance does not guarantee future results and the value of AI investments can fluctuate significantly, potentially resulting in substantial losses. Investors should carefully consider their risk tolerance and investment objectives before investing in this sector. This overview of key risks is not exhaustive and other unknown or unpredictable factors could also materially impact the performance of AI-focused investments.
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