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UPDATE: May 6, 2026: SpaceX plans to initially spend $55 billion on building a massive chipmaking plant in Grimes County, Texas, according to a public notice released Wednesday.
The proposed Terafab project, an effort that would ultimately supply semiconductors for SpaceX’s rockets and Tesla’s cars and robotics, could cost as much as $119 billion if additional phases are constructed.
Grimes County commissioners will consider whether to approve the project, slated to be at the Gibbons Creek Reservoir, for a property tax abatement agreement next month.
A public hearing on the matter is scheduled for June 3 at 9 a.m. Central Time.
