Oracle lays out a financing plan for 2026, Eli Lilly selects Pennsylvania for a new manufacturing facility, and Nammo moves ahead with a new rocket motor plant in Florida. Crow Holdings plans a 245MW flagship data center campus in Dallas, Skanska completes demolition at Johns Hopkins Eisenhower Library, and QumulusAI clears final approvals for a data center campus in Denton, Texas. Palomar College tops out its new Athletics Fieldhouse in San Marcos, and Elon Musk merges xAI into SpaceX, let’s dive in!

Oracle has announced a financing plan for calendar year 2026 targeting $45 billion to $50 billion in gross cash proceeds. The company says the funding will help support continued expansion of its Oracle Cloud Infrastructure (OCI) business. The plan has already gotten the green light from Oracle's Board of Directors.

The funding strategy relies on a balanced mix of equity and debt. Oracle expects roughly half of the proceeds to come from equity linked and common equity issuances. This includes mandatory convertible preferred securities and an at-the-market equity program of up to $20 billion, rolled out over time at market prices.

The other half is planned through a single issuance of investmentgrade senior unsecured bonds in early 2026. Oracle doesn't expect to issue additional bonds beyond this one transaction. Goldman Sachs & Co will lead the bond offering, with Citigroup taking the lead on the equity and preferred issuances.

Powering up this week’s edition is Ace Electric, a specialist electrical contractor based out of Valdosta, Georgia, operating across Georgia, North Carolina, Tennessee & Ohio.

​Ace is a family-owned and operated electrical contractor with a rich history dating back to its founding in 1975. Fast forward to today, they are ranked the No.1 Speciality Contractor in the Southeast.

With a 45+ year track record across commercial, industrial, and mission-critical markets, Ace isn’t just building systems, they’re building trust. With a team of over 1,200 employees, Ace continues to strive for excellence.

Their vision? To be the preferred electrical contractor and employer of choice in every community they serve.

Eli Lilly has chosen Fogelsville, Pennsylvania as the site for its newest injectable medicine and device manufacturing facility, committing more than $3.5 billion to the project. The facility will produce next generation weight loss therapies, including investigational retatrutide.

The company says the build will create around 2,000 construction jobs as the campus takes shape, with construction expected to kick off in 2026. Lilly is planning for the facility to be up and running by 2031, which means a long build phase and steady demand for workers across different trades.

Once it's finished, the site is expected to support about 850 permanent jobs, including roles in engineering, operations, science, and lab work. Lilly reports the Fogelsville location was selected from more than 300 applicants, with the region's infrastructure, manufacturing base, universities, and technical talent all playing a role in the decision.

Nammo is moving ahead with construction of a new rocket motor manufacturing facility at its existing campus in Perry, Florida. The project will expand rocket motor manufacturing capacity at the Perry site, which supports U.S. Department of Defense programs. Hensel Phelps has been selected as general contractor, with Parsons Corporation managing the contract. Nammo says the facility will add modern manufacturing capability to its established Perry operations for allied customer programs.

Crow Holdings has announced plans for a 245 MW flagship data center campus in central Dallas along the Stemmons Corridor. The multi building campus will be developed in partnership with CleanArc Data Centers and is designed with a dedicated on-site substation to handle large scale power demand. Development is set to kick off with an initial 70 MW building, with the first phase targeted for late 2027.

Skanska has wrapped up the demolition phase of the Milton S. Eisenhower Library renovation at Johns Hopkins University, marking the shift into reconstruction of the 183,746 square foot facility. The project modernizes the campus' flagship library with new collaborative spaces and upgraded building systems. It is being delivered in line with the university's High Performance and Healthy Buildings Guidelines, targeting LEED Gold and net zero ready standards.

QumulusAI has secured final approval for a modular data center campus in Denton, Texas. This clears the way for construction of multiple prefabricated data center buildings designed to speed up the build schedule and cut down on on-site work. The approved plan includes up to eight modular buildings across roughly four acres, delivering approximately 20 MW of IT load capacity. The approval follows a detailed planning and permitting process with local authorities which positions the Denton site to support AI and crypto focused workloads.

Palomar College's new Athletics Fieldhouse has hit a topping out milestone, marking the completion of the building's structural frame as Balfour Beatty continues construction in San Marcos, California. The project is designed to deliver a modern athletics facility supporting training, competition, and student athlete services. The topping out signals the shift from structural work into interior build out, systems installation, and finish phases as the project moves closer to completion. The project is scheduled to open in the fall of 2026.

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Grand Paris Express is a large scale metro expansion underway in the Île-de-France region, delivering four new automatic lines (15, 16, 17, and 18) along with extensions to existing Lines 11 and 14. The program will add around 200 km of new track and 68 new stations, reshaping how suburbs connect without funneling trips through central Paris.

Construction is active across the network, with tunneling, station excavation, viaduct work, and systems installation all moving forward on multiple line segments at the same time. The Line 14 extension has already entered service, while major works continue on Lines 15, 16, 17, and 18 under a phased delivery schedule running through 2026-2035.

The project is being delivered by Société des Grands Projets, coordinating dozens of civil and rail packages across the region. With TBMs running, stations taking shape, and rail systems advancing, Grand Paris Express remains one of the largest urban rail construction programs in Europe.

Elon Musk has merged his artificial intelligence company xAI into SpaceX, combining two of his most ambitious ventures. The deal brings together SpaceX's launch and satellite infrastructure with xAI's AI development, aiming to enable a future where artificial intelligence operates beyond Earth.

The combined entity is valued at roughly $1.25 trillion, according to Reuters. As part of this vision, SpaceX has filed plans with the U.S. Federal Communications Commission (FCC) to launch up to 1 million satellites equipped with optical links and powered by solar energy.

Musk described the effort as necessary for long term AI scalability, stating: "In the long term, space based AI is obviously the only way to scale." However, experts cited in the report highlight major challenges ahead, including space radiation, cooling systems, and the high cost of running computing infrastructure in orbit.