SpaceX and Tesla announced Terafab, a 100M-square-foot semiconductor facility in Texas with up to $119 billion in investment for AI-optimized

The company plans to begin construction this year and create 3,000 jobs under phase one. The state granted SpaceX $30 million for locating its project in Texas.

SpaceX and Tesla’s planned Terafab would span more than 100 million square feet and will assist humanity's space colonization—according to Elon Musk.