Financial disclosures made on August 21, 2026, reveal that the household of former House Speaker Nancy Pelosi has invested up to approximately $12 million in Bloom Energy, a data center and fuel cell company that has benefited from the artificial intelligence infrastructure boom. The trades, executed in late July by Pelosi's husband, Paul Pelosi, include both common stock and long-dated call options.
According to the filings, the transactions occurred across two dates in July:
- July 24: A purchase of between $1 million and $5 million in common stock, along with a matching purchase of 100 call option contracts featuring a $100 strike price and an expiration in mid-2027.
- July 28: An additional purchase of 5,000 shares valued between $500,001 and $1 million, paired with another 100 call option contracts in the same value range.
The investment has once again drawn scrutiny and renewed debate regarding congressional stock trading and investments made by the families of lawmakers. Supporters note that the trades comply with STOCK Act disclosure requirements and that Pelosi has never faced insider trading or ethics violations. Conversely, critics contend that lawmakers and their relatives may hold informational advantages, pointing to past technology and semiconductor investments—such as those in Nvidia—that preceded major market movements.
Bloom Energy produces solid oxide fuel cells that generate on-site electricity. Demand for the company's technology has increased as AI developers encounter grid constraints and utility connection delays. Bloom has secured notable agreements with Oracle, Brookfield-backed AI infrastructure projects, and a Nebius data center in New Jersey. At press time, Bloom Energy shares were valued at $192, marking a 290% gain over the preceding year.
