SpaceX has a $55 billion plan to build AI chips in Texas
Elon Musk's plans to get into the AI chip manufacturing business are going to be costly. As the New York Times and CNBC report, SpaceX is planning to invest at least $55 billion into its "Terafab" chip plant in Austin,…
By · May 7, 2026 · 1 min read
This article was originally published by
The Verge
and is republished here under license.
Elon Musk’s plans to get into the AI chip manufacturing business are going to be costly. As the New York Times and CNBC report, SpaceX is planning to invest at least $55 billion into its “Terafab” chip plant in Austin, Texas. That’s according to the details of a public hearing notice filed in Grimes County, Texas, for a meeting to request tax breaks for the project.
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 support up to 200 gigawatts per year of computi …
NASA and SpaceX are targeting a mid-May launch to deliver scientific investigations, supplies, and equipment to the International Space Station. Loaded with about 6,500 pounds of supplies,…
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