⚡ AI POWER JUST GOT A $37.5B VALUATION. THE PREF STARTS AT 10%.

💰 Flex is separating its AI power and cloud infrastructure business, Axiom, after raising $2B of convertible preferred capital. The preferred pays 10% cash before the separation, then steps down after the business de-risks.That is the lesson.Capital should get cheaper as risk disappears.Meanwhile:🏭 Schneider Electric agreed to buy PTC for $23.7B. ⚛️ DOE conditionally offered up to $4.2B to preserve nearly 4 GW of nuclear power and add 433 MW. 🚚 C.H. Robinson agreed to acquire RXO for roughly $5.8B. 🏢 Fannie Mae backed more than $630M of multifamily refinancing. 📈 And the 10 year Treasury still finished around 5.31%.💡 Today’s sales idea: build a Milestone Refinance Map.Show exactly when expensive development equity can be replaced by cheaper capital after power, permits, customer contracts, construction, and first revenue are secured.If a project de-risks but the capital stack never gets cheaper, the sponsor is giving away the value it just created.🎧 Listen to today’s GRO Money News and share it with someone financing AI infrastructure, power, private credit, or real estate.Until tomorrow, be the best human you can be.~ Teresa GrobeckerSign up for the daily newsletter on LinkedIn.Read on LinkedIn https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=7354236980961886208Listen to GRO MONEY NEWS https://podcasts.apple.com/us/podcast/gro-money-news/id1833953369