Crusoe is a GPU cloud infrastructure company founded in 2018 by Chase Lochmiller and Cully Cavness in Denver, Colorado. The company provides AI computing infrastructure powered by stranded natural gas and clean energy sources. Sacra estimates Crusoe generated approximately $276 million in revenue in 2024, up 82% year-over-year, with projections of approximately $500 million for...
Access to pre-IPO shares is available to accredited investors through UpMarket.
Latest Price
$10B
Series E, 10/23/25, Sacra
UpMarket Estimate
$10B
Based on UpMarket valuation model
Previous Price
$2.8B
Series D (2024) Dec 2024
How to Invest in Crusoe Through UpMarket
Crusoe shares are not on public exchanges. UpMarket provides accredited investors access through secondary market transactions.
Step 01
Verify accredited investor status
Confirm eligibility under SEC Rule 501 of Regulation D. Income or net worth threshold applies.
Step 02
Create an UpMarket account
Complete KYC/AML onboarding. Typically 1–2 business days. Licensed rep assigned on signup.
Step 03
Review available Crusoe offerings
Full offering memoranda and risk disclosures provided before any commitment is required.
Step 04
Complete subscription documents
Review and sign subscription agreement. All documents handled digitally through the platform.
Step 05
Fund your investment
Wire transfer or ACH. $50K minimum. Funds held in custodial account until close.
Pre-IPO investments are illiquid, speculative, and involve risk of total loss of capital.
$1.3B+
UpMarket has brokered over $1.3 billion in alternative investments*
*Includes principal invested and appreciation of investments originated via the UpMarket platform based on historical trade volume and valuation estimates through March 31, 2026. Of the total, approximately $301 million is managed by UpMarket Management, with the remaining originated investments managed by affiliates. Past performance is not predictive of future results.
Scaling GPU-rich AI cloud using stranded and clean energy
Crusoe is deploying thousands of H100-class GPUs in data centers powered by stranded gas and renewables, offering cheaper AI compute and supporting rapid workload growth for model training and inference at scale.
Market Opportunity
Blue Owl joint venture funds 200+MW Texas AI campus buildout
A $3.4B joint venture with Blue Owl and Primary Digital backs a 206MW AI data center campus in Abilene, Texas, positioning Crusoe as a major US AI cloud provider as capacity comes online from 2025.
Competitive Moat
Energy-first flare gas and renewables create durable cost moat
By colocating modular AI data centers with flare gas and underutilized renewables, Crusoe cuts compute costs by up to ~50% while reducing methane emissions, creating a differentiated, vertically integrated AI infrastructure moat.
UpMarket curates and conducts independent diligence on every investment opportunity before it reaches the platform.
Strategy, fees & legal reviewed in full
We review every offering's strategy, risk management, liquidity, fees, valuation methodology, tax matters, and all third-party providers — legal counsel, auditor, administrator, and custodian.
Disciplined managers only
We offer investments exclusively from disciplined managers that pursue unique strategies across an array of asset classes.
Built around your objectives
Our goal is to empower you to build a portfolio that best meets your individual investment objectives.
No. As of March 2026, Crusoe is a private company and does not trade on any public stock exchange. Accredited investors can access Crusoe shares through UpMarket, a FINRA-registered broker-dealer that specializes in pre-IPO investments. Series E, 10/23/25, Sacra
Crusoe does not have a public stock price because it is privately held. The most recent known share price comes from its last funding round. Series E, 10/23/25, Sacra Pre-IPO share prices on the secondary market may differ from the last round price depending on supply, demand, and market conditions.
Yes. Accredited investors can indicate interest in Crusoe shares through UpMarket by filling out the form on this page or creating an account at upmarket.co. All pre-IPO offerings are subject to availability and require a $50,000 minimum investment. UpMarket is a FINRA-registered broker-dealer and has brokered more than $500M in alternative investments since 2019.
Pre-IPO investments carry significant risks. Crusoe shares are illiquid, meaning there is no public market to sell them quickly. There is no guaranteed exit timeline or return. The investment is speculative in nature, and investors should be prepared for the possibility of total loss. Valuations of private companies can fluctuate substantially between funding rounds. Investors should consult their financial advisor and review all offering documents before investing.
In a pre-IPO transaction, accredited investors purchase shares from existing shareholders (such as employees, early investors, or other holders) through secondary market platforms. The company itself does not issue new shares in these transactions. UpMarket facilitates these trades as a FINRA-registered broker-dealer, handling compliance, documentation, and settlement on behalf of both parties.
There are two primary exit paths for pre-IPO holdings: selling your shares on the secondary market to another buyer, or holding until the company completes an IPO or is acquired. Both paths are subject to transfer restrictions, company approval (right of first refusal), and market conditions. The timing of any exit is unpredictable, and investors should plan for a multi-year holding period.
The minimum investment for most pre-IPO offerings on UpMarket is $50,000. This amount may vary depending on the specific offering and share availability. There are no fees to create an UpMarket account or browse available investments. Investors only pay transaction-related fees when they complete an investment.
UpMarket's valuation estimate of is derived from a proprietary model that incorporates multiple data sources: funding round data (Caplight), revenue estimates (Sacra), secondary market pricing, and public company comparables. The model applies a private company discount to the public comp multiple to account for illiquidity and information asymmetry. This estimate is not investment advice and may differ substantially from the price at which shares actually trade.
Crusoe operates GPU cloud infrastructure for AI workloads and is projected to reach $500M in 2025 revenue at a $10B valuation, scaling on stranded and clean energy — accredited investors can access Crusoe stock through UpMarket.