Musk has never built a wafer fab, but he wants to burn $119B on one anyway

May 6, 2026 at 18:43

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Musk has never built a wafer fab, but he wants to burn $119B on one anyway

Elon Musk's SpaceX hopes to plow as much as $119 billion into the southeast Texas countryside to build a massive semiconductor fab to produce chips for orbital AI datacenters. We won't hold our breath. The harebrained scheme is part of Elon Musk’s recently announced Terafab project, which seeks to boost global semiconductor production by 50x....

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Musk has never built a wafer fab, but he wants to burn $119B on one anyway

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