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SpaceX and Tesla pick Grimes, Texas for Terafab AI chip plant

SpaceX logoSpaceX
Sig4.48Sen+5.12Env-0.83Soc+3.63Gov+0.17
Tesla logoTesla
Sig5.21Sen+4.58Env0.00Soc+2.95Gov0.00

SpaceX plans to build Terafab, an AI chip semiconductor plant outside Houston in Grimes, Texas, expected to become the world’s largest building at over 100 million square feet. The joint facility with Tesla will manufacture, package, and test advanced logic and memory devices, employing more than 3,000 people. Initial phase costs are estimated at about $16.8 billion, with proposed investment rising far higher.

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