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SpaceX Proposes $24 Billion Gas Power Plant and Supercomputer Facility in Texas

SpaceX has proposed an initial $24 billion natural gas power plant and AI supercomputing facility across a 444-acre tract at Starbase in Cameron County, Texas. Under the municipal filings, SpaceX plans to build, own, and operate 35 gas turbines producing 748 megawatts of independent power, bypassing local grid connection delays. The facility will support computational demands following the merger of Elon Musk's xAI into SpaceX. The Starbase City Commission has scheduled a public hearing on December 9 to consider property tax abatements for the project under the Cameron County Enterprise Zone.

Category

SpaceX

Sentiment

Bullish

Event

Corporate action

Reading time

1 min