$6.77 a Pound: Copper Just Hit an All-Time High.

• THE GRID

Twenty-seven tonnes. That's how much copper goes into a single megawatt of data center capacity. Just the building. Not the miles of transmission cable running to it.

On August 7, COMEX copper futures touched $6.77 a pound. An all-time high. Two weeks later, the price still sits near that peak. And almost nobody in tech is talking about it.

They should be.

Everyone obsesses over power. Over permits. Over gas turbines and grid queues. But every watt of new capacity needs wire to carry it. Copper wire. Lots of it.

While everyone was distracted with the recent SpaceX IPO…

Elon Musk quietly filed a patent with the U.S. Patent and Trademark Office to protect what I believe will be his next breakthrough…

Something he called “the greatest tech invention in history.”

Elon is predicting this new AI breakthrough will unleash…

A $1 quadrillion new wealth wave.

That’s more than 30 times bigger than the entire U.S. economy.

And just to give you an idea of how much wealth we're talking about...

That would be enough to send a check for $2.8 million to every single American.

Click here to see the details because I believe this invention will make a lot of people rich.

S&P Global estimates that AI data centers require roughly 47 tonnes of copper per megawatt — nearly double the conventional figure — once you account for denser power distribution and redundant feeds. Southern Company just disclosed 17 GW of contracted data center load. Run the math on the copper alone and the scale is staggering.

Supply can't keep up. A refined copper deficit of 304,000 tonnes hit in 2025, per Wood Mackenzie data. Goldman Sachs raised its year-end target to $13,735 a tonne in June after cutting its mine supply forecast by 350,000 tonnes. Chile, the world's top producer, keeps getting hit by disruptions.

Data centers claimed just 0.15% of global copper demand in 2024. By 2030, that share is forecast to hit 1% — a nearly sevenfold jump. That sounds small until you remember the market is already in deficit.

Citi and UBS are both bullish. Citi sees $15,000 a tonne within twelve months. And the EIA just projected U.S. electricity consumption will hit 4,268 billion kilowatt-hours this year — a new record. All that power needs wire.

Everyone is hunting for megawatts. But copper is the chokepoint hiding in plain sight — and at $6.77 a pound, the market is just starting to price it in.

This is where Elon Musk is housing an AI technology that Jeff Brown believes will help power the next monster IPO on Wall Street.

You see, while everyone was distracted by the SpaceX IPO…

Elon Musk quietly started backing a NEW AI startup that has been called…

"The fastest-growing business in the history of capitalism."

Click here to get the name completely free of charge…

And Jeff will also show you how to claim a stake for as little as $50.

• VOLTAGE

A standard data center rack draws about 7 kilowatts. An AI training rack packed with NVIDIA GPUs can pull 100. Blow cold air on that and you just move the heat around. You don't remove it.

That gap explains why liquid cooling is the fastest-growing segment in data center hardware. The market was worth $4.8 billion last year. By 2035, analysts at Global Market Insights peg it at $27.1 billion. That's a 5.6x jump in a decade.

Vertiv just showed why this matters to investors. The company reported Q2 revenue of $3.27 billion and raised its full-year guidance to $13.8–$14.2 billion. It also finished a $600 million buyback. The stock plunged 17.3%.

Vertiv builds the thermal management systems that keep racks from melting. NVIDIA is pushing the shift, too. Its latest designs run coolant at temperatures hotter than a hot tub — above 113°F — to squeeze more efficiency out of every watt.

The old model was simple. Build a big room. Blast cold air. That worked at 7 kW a rack. It fails at 100. Liquid cooling uses pipes and plates to pull heat directly off the chip. It costs more upfront. But it lets you pack far more compute into far less space.

When the power per rack rises 14x, the cooling has to change. And the companies building that change are printing money.

• WIRED IN