Datacentrex Invests $30 Million in Eagle LNG for U.S. Space Launch Industry
Datacentrex has invested $30 million in Eagle LNG Partners, acquiring a 10.5% equity stake. This strategic investment supports the supply of aerospace-specification LNG crucial for the upcoming U.S. space launch initiatives.
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Datacentrex, Inc. has announced a $30 million investment in ELNG Equity LLC, the equity arm of Eagle LNG Partners, securing Class A Common Units and a 10.5% equity interest. This investment aligns with a concurrent $10 million commitment from The Energy & Minerals Group, Eagle LNG's controlling sponsor.
Since 2017, Eagle LNG has provided LNG under long-term contracts, recently completing over 700 operations without incident. The U.S. aims to significantly increase its launch cadence in the coming years, indicating a growing need for fuel supplies in the aerospace sector, positioning Datacentrex favorably within the supply chain.
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