Search results for Grimes County
Industry
Tesla, SpaceX unveil details of $16.8 billion Terafab, Musk calls it most valuable building on Earth
Tesla and SpaceX have selected Grimes County, Texas as the site for Terafab, a semiconductor mega-factory, and put first-phase investment at about $16.8 billion. The companies project the site will exceed 100 million square feet when completed and describe it as the world’s largest chip manufacturing facility. SpaceX released renderings and said the design could change. The plan faces questions over funding certainty, water use and local opposition.
Industry
SpaceX lock-up expiry could release 911.5 million shares ahead of first earnings
SpaceX will hold its first earnings announcement on Aug. 4, with the date coinciding with the first post-IPO lock-up expiry that could release up to 911.5 million shares. The company adopted a phased sale structure, allowing insiders to sell 20 percent of eligible locked-up stock after earnings. Additional shares could be released if the stock meets a price threshold. Short interest has risen as investors also watch launch schedules and cloud business expansion.
Mobility
Musk\'s 172.4 trillion won Terafab bet, Japan\'s cardboard drone grabs attention
Tesla\'s battery strategy is sending mixed signals as driving range falls in vehicles using its 4680 cells, even as it discloses a new cooling patent. Its electric Semi truck is gaining visibility, with battery capacities detailed. Elon Musk (일론 머스크) is pushing a large semiconductor plant in eastern Texas, with total investment possibly reaching $119 billion. Chinese EV makers are expanding overseas, while Porsche and Honda shift strategies.
