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SpaceX has a $55 billion plan to build AI chips in Texas

Stevie Bonifield
May 7, 2026 at 19:26
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SpaceX has a $55 billion plan to build AI chips in Texas

Elon Musk's plans to get into the AI chip manufacturing business are going to be costly. As the New York Times and CNBC report, SpaceX is planning to invest at least $55 billion into its "Terafab" chip plant in Austin, Texas. That's according to the details of a public hearing notice filed in Grimes County, Texas, for a meeting to request...

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