Industry
Musk\'s Terafab takes shape as SpaceX eyes up to $119 billion investment
Elon Musk\'s planned mega semiconductor plant in eastern Texas, dubbed Terafab, could draw investment of up to $119 billion. SpaceX plans to invest at least $55 billion in the first phase, according to a public hearing notice in Grimes County. The site is under review and SpaceX has sought a property tax abatement agreement. Terafab is designed to supply chips for SpaceX, xAI and Tesla, with Intel joining to support design, manufacturing and packaging.
