Semiconductor · SpaceX · Elon Musk · xAI · Tesla · TechCrunch AI
SpaceX, Elon Musk’s space company that also houses his AI company, xAI, is considering spending $55 billion
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The company estimates it may spend a total of $119 billion on the project, which would be a “multi-phase, next-generation, vertically integrated semiconductor manufacturing and advanced computing fabrication facility,” according to the filing.
Key facts
SpaceX, Elon Musk’s space company that also houses his AI company, xAI, is considering spending $55 billion, at least initially, to build a semiconductor factory in Grimes County, Texas, according
The combined entity is said to have a valuation of $1.25 trillion and is expected to go public in June
The company estimates it may spend a total of $119 billion on the project, which would be a “multi-phase, next-generation, vertically integrated semiconductor manufacturing and advanced computing
The billionaire has said the manufacturing facility will, sometime in the future, manufacture enough chips to provide 1 terawatt of power per year, arguing that semiconductor manufacturers aren’t
Summary
SpaceX, Elon Musk’s space company that also houses his AI company, xAI, is considering spending $55 billion, at least initially, to build a semiconductor factory in Grimes County, Texas, according to a proposal on the county website. Musk has previously outlined plans for the project, dubbed “Terafab,” that will also see Tesla contributing resources. The billionaire has said the manufacturing facility will, sometime in the future, manufacture enough chips to provide 1 terawatt of power per year, arguing that semiconductor manufacturers aren’t making chips quickly enough for his companies’ artificial intelligence and robotics needs. However, Musk wrote that Grimes County, Texas, was only one of several locations under consideration for the factory.