Elon Musk is slated to appear at ASML’s private annual technology conference on June 9-10, joining CEO Christophe Fouquet for a virtual fireside chat. The conversation will center on Terafab, a joint venture between SpaceX and Tesla that aims to build a cutting-edge semiconductor fabrication facility in Texas.
The project carries a price tag of at least $55 billion.
What is Terafab and why does it matter
Terafab was announced in March 2026 as a collaboration between Musk’s two flagship companies, SpaceX and Tesla. The goal is to manufacture advanced chips purpose-built for AI, robotics, and adjacent technologies.
The $55 billion cost estimate surfaced in May 2026, making it one of the most expensive semiconductor projects ever proposed on US soil.
