Sources: Coatue formed Next Frontier in 2025 to buy land for data centers; Next Frontier has a JV with neocloud Fluidstack that's raised $5.7B via junk bonds (Wall Street Journal)
Coatue formed Next Frontier to acquire data center land, and its JV partner Fluidstack has raised $5.7B via junk bonds to fund neocloud buildout—a significant bet on AI infrastructure capacity.
Excerpt
<a href="https://www.wsj.com/tech/ai/ai-investor-coatue-joins-data-center-frenzy-with-new-venture-to-buy-land-9f4c374f"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260501/i11.jpg" vspace="4" /></a>
<p><a href="https://www.techmeme.com/260501/p11#a260501p11" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> <a href="https://www.wsj.com/">Wall Street Journal</a>:<br />
<span style="font-size: 1.3em;"><b><a href="https://www.wsj.com/tech/ai/ai-investor-coatue-joins-data-center-frenzy-with-new-venture-to-buy-land-9f4c374f">Sources: Coatue formed Next Frontier in 2025 to buy land for data centers; Next Frontier has a JV with neocloud Fluidstack that's raised $5.7B via junk bonds</a></b></span> — Philippe Laffont's firm has launched Next Frontier, whose facilities will be meant for AI companies including Anthropic</p>
Read at source: https://www.techmeme.com/260501/p11#a260501p11