Laying the Tracks: Capital, Infrastructure, and the Small Cap Opportunity Inside the AI Buildout On May 10th 1869, the Central Pacific Railroad and the Union Pacific Railroad (UNP) reached Promontory Summit, UT, completing the first transcontinental railroad at a cost of roughly $109 million, more than $2.6 billion today.¹ Yet within three years, the railroad's own promoters were caught running a construction company, Crédit Mobilier, that billed the project tens of millions above actual cost. Union Pacific ...