Korea Midland Power announced on the 30th that it is withdrawing from a direct equity investment in the SpaceX AI integrated power station project and will instead participate as a non-equity O&M service provider. The company explained that xAI had been receptive to external investment before its merger with SpaceX, but its need for outside financing diminished following the merger, prompting Korea Midland Power to drop its investment plans. An official noted that the project was initially structured with O&M as the primary focus and equity investment as a supplementary component; during the evaluation process, given that SpaceX AI no longer requires external funding, the company redirected its strategy toward O&M services.
