Posted Jun 4, 2026 at 10:40 AM UTCDQuoteSpaceX gets a Terafab tax break.Grimes County, Texas, awarded the company a property tax exemption for its planned $55 billion Terafab semiconductor plant. Local residents seem to feel the same way about the project as many do about data centers, and this tax break won’t help. As local landowner Rhonda Nesloney put it in court:“Elon was on the news bragging he’s about to be a trillionaire . . . and you want to consider giving him a tax abatement.”Follow topics and authors from this story to see more like this in your personalized homepage feed and to receive email updates.Dominic PrestonLoading commentsGetting the conversation ready...The Verge DailyA free daily digest of the news that matters most.Email (required)
SpaceX gets a Terafab tax break.
Grimes County, Texas, awarded the company a property tax exemption for its planned $55 billion Terafab semiconductor plant. Local residents seem to feel the same way about the project as many do about data centers, and this tax break won’t help. As local landowner Rhonda Nesloney put it in court: > “Elon was on the news bragging he’s about to be a trillionaire . . . and you want to consider giving him a tax abatement.”
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