<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
  <schemaVersion>X0202</schemaVersion>
<headerData>
    <submissionType>SCHEDULE 13G/A</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <!-- Field: Pseudo-Tag; ID: Name; Data: Neugebauer Robert R -->
          <cik>0002089177</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>


    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>1</amendmentNo>
      <securitiesClassTitle>Common Stock, $0.001 par value per share</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>06/30/2026</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0002071778</issuerCik>
        <issuerName>Fermi Inc.</issuerName>
        <issuerCusips>
          <issuerCusipNumber>314911108</issuerCusipNumber>
        </issuerCusips>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>620 S. Taylor, Suite 301,</com:street1>
          <com:street2>Amarillo, Texas 79101</com:street2>
          <com:city>10777 Strait Lane,</com:city>
          <com:stateOrCountry>TX</com:stateOrCountry>
          <com:zipCode>TX 75229</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(d)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>Robert Randolph Neugebauer</reportingPersonName>
      <citizenshipOrOrganization>X1</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>11544870.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>11544870.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>11544870.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>1.8</classPercent>
      <typeOfReportingPerson>IN</typeOfReportingPerson>
      <comments>The aggregate amount of shares of Common Stock, $0.001 par value per share, of the Issuer (the "Common Stock") beneficially owned by Robert Randolph Neugebauer as set forth in rows (6), (8) and (9) consists of (i) 6,147,435 shares of Common Stock held by the Neugebauer 1998 Children's Trust FBO Nathan R. Neugebauer and (ii) 5,397,435 shares of Common Stock held by the Neugebauer 1998 Children's Trust FBO Noah T. Neugebauer (together, the "1998 Children's Trusts"). Mr. Neugebauer serves as the trustee of each of the 1998 Children's Trusts and, in that capacity, may be deemed to share, with each 1998 Children's Trust, voting power and dispositive power with respect to the shares of Common Stock held by such 1998 Children's Trust. Mr. Neugebauer disclaims beneficial ownership of the shares of Common Stock held by the 1998 Children's Trusts except to the extent of his pecuniary interest therein.

In row (11), the percent of ownership is calculated based on 638,083,359 shares of Common Stock outstanding as of June 10, 2026, as reported by the Issuer in its definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on June 12, 2026. As of June 30, 2026, Mr. Neugebauer beneficially owned approximately 1.8% of the outstanding Common Stock and accordingly has ceased to be the beneficial owner of more than five percent of the class.</comments>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>Fermi Inc.</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>620 S. Taylor, Suite 301, Amarillo, Texas 79101</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>Robert Randolph Neugebauer</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>10777 Strait Lane, Dallas, TX 75229</principalBusinessOfficeOrResidenceAddress>
        <citizenship>See response to Item 4 on the cover page.</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>Y</notApplicableFlag>
      </item3>
      <item4>
        <amountBeneficiallyOwned>See response to Item 9 on the cover page.

6,147,435 shares of Common Stock are held by the Neugebauer 1998 Children's Trust FBO Nathan R. Neugebauer, and 5,397,435 shares of Common Stock are held by the Neugebauer 1998 Children's Trust FBO Noah T. Neugebauer. Robert Randolph Neugebauer serves as the trustee of the 1998 Children's Trusts, and as the trustee, Mr. Neugebauer may be deemed to share, with each 1998 Children's Trust, voting power and dispositive power with respect to the shares of Common Stock held by such 1998 Children's Trust. Robert Randolph Neugebauer disclaims beneficial ownership of the shares of Common Stock held by the 1998 Children's Trusts except to the extent of his pecuniary interest therein.</amountBeneficiallyOwned>
        <classPercent>See response to Item 11 on the cover page.</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>See response to Item 5 on the cover page.</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>See response to Item 6 on the cover page.</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>See response to Item 7 on the cover page.</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>See response to Item 8 on the cover page.</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>N</notApplicableFlag>
        <classOwnership5PercentOrLess>Y</classOwnership5PercentOrLess>
      </item5>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>Y</notApplicableFlag>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>Robert Randolph Neugebauer</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Robert Randolph Neugebauer</signature>
        <title>Robert Randolph Neugebauer</title>
        <date>08/14/2026</date>
      </signatureDetails>
    </signatureInformation>
  </formData>
</edgarSubmission>
