SpaceX to Invest $16.8B on First Phase of Terafab Project
The first phase is expected to create 3,000 jobs and produce chips for SpaceX and Tesla under one roof, state records show.
- On Thursday, Grimes County commissioners approved a 35-year tax abatement for SpaceX's Terafab project. Elon Musk posted on X that the facility will be "the largest and most valuable building on Earth by far."
- Investment for the project is expected to range between $55 billion and $119 billion across four phases. The first phase includes $10.3 billion in capital expenditures in Anderson-Shiro.
- The 100-million-square-foot campus will house the full semiconductor production life cycle for Tesla and SpaceX. Intel joined the project in early April to contribute expertise in "designing, fabricating and packaging ultra-high performance chips."
- Construction begins this year, creating 3,000 jobs, while SpaceX received $30 million from the Texas Enterprise Fund to secure the deal. The facility remains eligible for economic incentives under the JETI program.
- While public leaders largely support the industrial project, Grimes County residents have pushed back, citing concerns about home prices and the local environment. The initiative targets 1 trillion watts of annual computing power.
14 Articles
14 Articles
SCIENCE & TECH: Elon Musk’s giant Texas chip factory just got a $16.8 billion commitment, and its planned size is staggering
SpaceX and Tesla commit $16.8 billion to build a gigantic Texas chip factory TeraFab could cover more than 100 million square feet when fully built Elon Musk claims TeraFab will reach 50 times the size of the Pentagon SpaceX and Tesla have revealed more details in their plan to invest $16.8 billion in a massive semiconductor factory planned for Grimes County, Texas. The facility, known as TeraFab, is expected to manufacture chips for several com…
Everything’s bigger in Texas: Musk’s planned $16.8 billion chip factory is five times bigger than the world’s current largest building
SpaceX and Tesla’s planned Terafab would span more than 100 million square feet and will assist humanity’s space colonization—according to Elon Musk.
Tesla and SpaceX want their own chip factory with 3,000 workers
SpaceX and Tesla commit $16.8 billion to build a gigantic Texas chip factoryTeraFab could cover more than 100 million square feet when fully builtElon Musk claims TeraFab will reach 50 times the size of the PentagonSpaceX and Tesla have revealed more details in their plan to invest $16.8 billion in a massive semiconductor factory planned for Grimes County, Texas.The facility, known as TeraFab, is expected to manufacture chips for several computi…
SpaceX and Tesla plan massive Texas chip plant to secure AI supply
SpaceX and Tesla’s planned Terafab in Texas is not simply another expansion of Elon Musk’s industrial footprint. The project reflects a more consequential strategic shift: bringing semiconductor production closer to the companies that expect to consume enormous volumes of advanced chips for artificial intelligence, autonomous vehicles, robotics and space-based computing. SpaceX said the facility in Grimes, Texas, outside Houston, is expected to …
Coverage Details
Bias Distribution
- 83% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
