News in Starbase, TX

AIStockWire · Starbase, TX

SpaceX (SPCX) plans $74 billion for AI computing sites in Texas and Arizona. Both face local hearings on Dec. 9.

Key points SpaceX plans more than $74 billion for two AI computing campuses SpaceX's Texas and Arizona sites both face local hearings on Dec. 9 SpaceX's $74 billion compares with $48.1 billion it spent in the first nine months SpaceX (SPCX) plans to invest more than $74 billion in two supercomputing campuses, one at its Starbase site in Texas and one in Cochise County, Arizona, the company said in a statement on Nov. 12, Reuters reported. SpaceX expects to spend more than $24 billion at Starbase and roughly $50 billion in Arizona. SpaceX shares were at $143.42 at 12:48 p.m. ET, up 2.6% from Wednesday's close of $139.75. Both sites face local hearings on Dec. 9 The Starbase City Commission will consider a property tax abatement and a related economic development agreement for the Texas project at its Dec. 9 meeting, according to the city's hearing notice. The Texas site covers about 444 acres east of Brownsville and includes a gas-fired power plant.

AIStockWire · Starbase, TX

SpaceX (SPCX) plans a $24 billion gas plant and computing site at Starbase. Texas has paused data center permits.

Key points SpaceX seeks a Starbase property tax abatement SpaceX's pending Texas air registration near the site How Gina Hinojosa's promised data center ban fits in SpaceX (SPCX) is proposing to build a gas-fired power plant and a "super-compute facility" at Starbase, Texas, with an estimated investment of about $24 billion for the initial phases, according to a public hearing notice from the city. SpaceX also has a state air registration pending for electric generating facilities at a location consistent with the notice. Gov. Greg Abbott ordered the agency reviewing it to stop issuing permits for data centers in September. The Starbase City Commission will consider a property tax abatement agreement and a related economic development agreement for the project at its Dec. 9 meeting, which starts at 7 p.m. The notice names Space Exploration Technologies Corp. as the property owner and the applicant.