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Musk to spend $55 bil. on SpaceX AI chip project in Texas

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By AFP
  • Published KST
The SpaceX logo and a miniature satellite model are seen in this photo illustration created March 10, 2025. Reuters-Yonhap

The SpaceX logo and a miniature satellite model are seen in this photo illustration created March 10, 2025. Reuters-Yonhap

Elon Musk's SpaceX plans to invest at least $55 billion to build a semiconductor manufacturing facility in Texas, according to a public notice Wednesday.

Initial investment in the facility dubbed Terafab would be "$55 billion, with an estimated total capital investment (if additional phases are constructed) of $119 billion," according to a notice of public hearing in Grimes County, Texas, where the facility will be located. (AFP)