Project Stargate Changed Everything

JANUARY 21, 2025

Abilene announced as inaugural Project Stargate site

$500 billion national AI initiative by OpenAI, Microsoft, Oracle

1.2 GW Abilene campus | $100B investment | 10,000+ jobs

Loxodonta's Early Positioning

Market Validation Since Announcement: Google, Microsoft, Oracle, Vantage purchased thousands of acres in our identified corridor. Major semiconductor manufacturer acquired 7,000+ acres. Major railroad companies making strategic land purchases.

Identified Abilene as ideal location (2022). Early civic engagement (2023 meetings). Land acquisition before announcement.

Current Scale

1.2 GW Stargate Campus

Under construction in Abilene, Texas

$100 Billion Stargate Investment

Phase 1 of $500 billion national initiative

6,500+ Jobs Announced

By Vantage alone, thousands more from Google, Microsoft, Oracle

Thousands of Acres Purchased

By major tech companies in the Stargate corridor

Why Abilene?

โšก ENERGY RICH

Unlimited natural gas reserves, strong wind, sufficient solar capacity

๐Ÿ—บ๏ธ LOCATION

Midpoint DFW/Permian Basin, Lubbock, Austin/San Antonio

โš™๏ธ TRANSMISSION

765 kV statewide upgrade beginning in Abilene (ERCOT approved)

๐Ÿ‘ฅ WORKFORCE

70,000+ skilled/semi-skilled in region; access to larger Texas markets

๐ŸŽ–๏ธ MILITARY

Dyess Air Force Base, B-21 Raider deployment (15,000+ residents by 2030)

๐ŸŽ“ EDUCATION

Three universities including ACU with Molten Salt Research Reactor

๐Ÿ’ง WATER

Largest membrane bioreactor reclaimed water plant in Texas (20M GPD)

๐Ÿš‚ TRANSPORTATION

I-20 frontage, Union Pacific rail, 45 miles to Burlington/Santa Fe

๐Ÿ’ผ PRO-BUSINESS

First Economic Development Corporation in US, strong Chamber of Commerce

Partnership Land Positions

Strategic Land Control in High-Demand Corridors

Crooked Tree (Abilene)

1,500 Acres | Strategic land position in Abilene's Stargate-aligned development zone with immediate proximity to critical infrastructure. Positioned for AI-ready power generation and data center development with secured utility access.

  • Acquisition Cost: $37.5M at $25K/acre
  • Infrastructure: 3 miles from major natural gas line, solid oxide fuel cell natural gas generation capability
  • Power Capacity: 1.2 GW planned generation
  • Strategic Value: First-mover positioning in Stargate corridor

Parker (Abilene)

2,600 Acres | Premium land position with exceptional infrastructure access and transportation connectivity. Ideal for large-scale AI data center campus development with secured power generation capacity.

  • Acquisition Cost: $65M at $25K/acre
  • Infrastructure: 765 kV transmission line enroute, 36-inch natural gas line almost adjacent
  • Transportation: 1.15 miles of I-20 frontage
  • Power Capacity: 1.2 GW planned generation

Eastlake Village

Prime Urban Development | Acquisition: $28-30M total investment in prime urban development land | Development Type: Planned mixed-use, pedestrian-oriented destination experience | Tenant Negotiations: Numerous contemporary upscale bars and restaurants already in negotiations

Tall Cotton

Mixed-Use Hub | Location: Strategic positioning in high-growth corridor with excellent visibility and access | Components: Hotel, office, retail, and restaurant facilities creating integrated community hub

Investment Thesis

The Opportunity: Early-Mover Advantage in the AI Infrastructure Boom

Abilene, Texas represents a rare convergence of macroeconomic factors creating an exceptional investment opportunity. Three years before the public Stargate announcement, Loxodonta identified Abilene as the ideal location for AI infrastructure development and began strategic land acquisition at pre-announcement pricing.

The convergence: A $500 billion national AI initiative anchored locally, 2.4 GW of reliable power generation capacity, abundant natural gas reserves, strategic geography at the center of Texas' transmission infrastructure upgrade, existing workforce infrastructure of 70,000+ skilled workers, and civic capacity with the state's first EDC.

Portfolio positioning: Loxodonta-Landwater has positioned 4,179.82 acres across five major projects capturing multiple value creation pathways: $1.26B in annual power revenue from 2.4 GW capacity, $2.25B in land arbitrage potential, and exposure to immediate AI data center demand with 22-27% blended IRR projected.

De-risked execution: This is not speculation on future growthโ€”it is development positioned within an active, $100+ billion transformation led by the world's largest technology companies (OpenAI, Microsoft, Oracle). Major infrastructure, workforce, and civic resources are deploying in real-time.

Capital Structure

Total Portfolio Capital: $8.287 Billion

Stargate-Aligned Projects: $7.656-7.658B

  • Eastlake Village: ~$429-431M
  • Tall Cotton: $137M
  • Parker: ~$3.565B
  • Crooked Tree: ~$3.5375B

Colin County Data Center: $481.5M

Strategic Land Position: 12,201.82 acres

Expected Returns & Performance

Energy Infrastructure: 20-25% IRR

Parker & Crooked Tree power generation facilities with recurring revenue streams from long-term power sales to AI data centers

Real Estate Development: 20-25% IRR

Eastlake Village & Tall Cotton with rental income, real estate appreciation, and operational cash flow

Data Center: 30-35% IRR

Colin County 40 MW AI data center with secured power and compute partner commitments

Blended Portfolio: 22-27% IRR

Diversification benefits across three sectors providing risk-adjusted returns