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.

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