SpaceX plans a $55 billion Terafab AI chip plant in Austin, Texas, with potential expansion to $119 billion. The project aims to support massive computing power for AI, robotics, and space data centers.
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SpaceX has agreed to acquire Grain Management's nationwide 800 MHz spectrum portfolio, which it says will pave the way for Starlink Mobile to become a major US mobile carrier. The deal needs FCC approval, and financial terms were not disclosed.
SpaceX is seeking $40 billion in debt financing led by Apollo Global Management to buy Nvidia AI chips, with talks still early and a possible 2027 close. The move highlights the scale of capital required for AI infrastructure expansion across Musk's companies.
Elon Musk said on October 4 that SpaceXAI will be renamed SpaceXSI, adopting "SI" for super intelligence after President Trump's push to drop "AI."
SpaceX Starship reached orbit for the first time on its 14th test flight from Texas on September 28 despite an early engine shutdown. The vehicle is expected to complete six orbits over 10 hours and deploy 26 Starlink V3 satellites before Pacific splashdown.
Tesla marked the start of high-volume Semi production at its new Sparks, Nevada factory on September 24. The plant, which Tesla says covers 1.8 million square feet, is built to scale to 50,000 trucks annually.
