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SpaceX seeks 55 billion Terafab chip plant in Texas with massive multi phase expansion
Technology
Published on 6 May 2026
A Texas property tax break is now under review
SpaceX has filed plans to invest $55 billion in a new semiconductor manufacturing complex in Texas called Terafab, designed to boost domestic chip production. The project is multi phase and could grow to as much as $119 billion. Local officials in Grimes County are set to review a property tax abatement agreement tied to the facility.
- SpaceX plans a $55 billion Terafab chip facility in Texas
- The project is multi phase and may reach $119 billion
- Grimes County officials will review a property tax abatement
- The goal is to expand domestic semiconductor production
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times