SpaceX Plans Massive $24 Billion Investment in Texas
SpaceX aims to invest approximately $24 billion to build a natural gas-powered power plant and a supercomputer facility at its Starbase site in Texas. Tax incentives and an economic development agreement for the project will be discussed at a meeting on December 9.
SpaceX plans to construct a natural gas-powered power plant and a supercomputer center at its Starbase facilities in Texas. The project, which anticipates a capital investment of approximately $24 billion, will have its tax incentives and economic development agreement evaluated by the Starbase City Commission on December 9.
According to a public meeting notice published by the Starbase City Commission, the construction, ownership, and operation of the facilities SpaceX plans to implement in the region will belong entirely to the company. The project is expected to be completed in multiple phases and includes potential future expansion efforts.
At the meeting to be held on December 9, in addition to the $24 billion investment planned for the initial phases of the project, the details of the property tax abatement and the economic development agreement intended to be provided to SpaceX will be discussed.
Sources
- haberglobal.com · Link