SpaceX’s massive IPO: all the latest news
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Elon Musk’s Terafab will be built — where else? — in Texas.
The massive $16.8 billion chip facility, which is being built by Tesla and SpaceX with help from Intel, will be located in Grimes County, population 29,268. After securing over a billion dollars in tax breaks from two rural school districts, SpaceX says it will break ground later this year. The fab will supply AI chips to power Musk’s plans to build a “robot army” that includes self-driving cars and humanoid robots, as well as for the data centers he plans on launching into space.
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