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10. Follow the money: Fellow co-founder Griffin Perry -- the son of Rick Perry -- reduced his stake by roughly 11 million shar
Sun Apr 19, 2026, 12:42 PM
Sunday
Follow the money:
Fellow co-founder Griffin Perry — the son of Rick Perry — reduced his stake by roughly 11 million shares, about a 15% cut, according to an April 15 SEC filing.

Energy writer Robert Bryce pointed to that sale and struggles in a Substack post last week.

"Given these facts, it may not be surprising that some Fermi insiders, including one of the company's founders, are selling significant amounts of their stock," wrote Bryce, who also said a few other company executives sold far fewer shares compared to Perry.

Perry couldn't be immediately reached for comment when messaged on LinkedIn. Axios couldn't confirm why he sold his stock or whether other company insiders sold shares.


For Mother Jones subscribers (maybe everyone can access it, I haven't checked), there is an article in the May/June issue on the scale of the AI infrastructure developments. I'm only about 1/4 of the way into it.

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