SpaceX plans $55 billion AI chip manufacturing plant in Texas, could reach $119 billion
By
Stevie Bonifield
A bagel you'd recommend to a friend without hedging.
Summary
SpaceX is planning to invest at least $55 billion into a new "Terafab" AI chip manufacturing plant in Austin, Texas, with potential expansion costs reaching up to $119 billion. The plans were revealed through a public hearing notice filed in Grimes County, Texas, for a meeting to request tax breaks for the project. Elon Musk initially announced the ambitious project in March, aiming to produce enough AI chips to compete in the semiconductor market.
Key quotes
· 3 pulledSpaceX is planning to invest at least $55 billion into its 'Terafab' chip plant in Austin, Texas.
The company says that if additional phases are constructed, its investment could someday balloon to $119 billion total.
When Musk initially announced the project in March, he shared ambitious plans for it to produce enough chips to
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