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Tesla and SpaceX confirm Terafab chip fab in Texas
Tesla and SpaceX have confirmed Grimes County, Texas as the site for their Terafab semiconductor megafactory, with the first phase costing roughly $16.8 billion. The project targets the largest chip manufacturing facility on the planet to supply over 1 terawatt of compute per year that exceeds current and future global production capacity.

SpaceX Q2 revenue hits $7.8B as AI unit drives reported 2,013% CapEx surge
SpaceX reported Q2 revenue of $7.8 billion, up 92 percent year-over-year, with its former xAI division driving growth through cloud deals while posting a reported 2,013 percent surge in capital expenditure to $15.8 billion. The results offer the first public window into the economics of an AI-scale operation, highlighting both revenue gains and massive infrastructure costs.
From the feed · 56
SpaceX targets 9:23 a.m. PDT for the Starlink 17-38 liftoff from Vandenberg Space Force Base. The mission continues the company's recent West Coast launch surge.
SpaceX's 52-metre Ship 40 became the first Starship upper stage to survive reentry after a soft splashdown on July 24, but recovery crews now face rough seas in the Indian Ocean.
SpaceX ended a 4-week launch slump with its latest mission. The company had gone without an orbital flight since mid-September.
SpaceX investors reportedly saw their shares disappear ahead of any tender offer or secondary sale. The holdings evaporated without warning or recourse.
Tesla and SpaceX have selected Grimes County, Texas for TERAFAB, the planned semiconductor manufacturing facility they describe as the largest in human history.
911.5 million SpaceX shares became eligible to trade Thursday after the first major post-IPO lockup expired. The stock rallied instead of selling off.
SpaceX shares rose this week despite disappointing earnings, leaving the lock-up expiration as the immediate test for holders.
SpaceX’s Terafab will run on natural gas power plants rather than Tesla solar panels.
SpaceX has restored the free Starlink Mini kit rental for new Residential Max subscribers in the U.S. and Canada. The tier also includes half-off portable Roam plans.
SpaceX stock receives an analyst upgrade. Rocket Lab shares rise after the latest Electron mission.
SpaceX shares rose even as a large block of previously restricted stock became available for sale. The move comes amid ongoing secondary tender activity for the private company.
SpaceX will launch a Starlink mission from Cape Canaveral on Monday. The flight resumes the constellation's deployment cadence after the prior pause.
Over 100 million square feet is the planned footprint for Tesla and SpaceX's Terafab. That equals 3.6 square miles, or roughly 10% of Miami's total land area.
A South Korean lunar orbiter has photographed the crater formed by a SpaceX Falcon 9 upper stage that struck the moon in 2022. The images confirm the impact site's location and scale in the Hertzsprung crater region.
SpaceX has rebounded from its post-earnings slide, with investors now focused on the lockup expiry.
SpaceX's first post-IPO share unlock is underway. The move could add selling pressure to the stock.
$16.8 billion is the estimated capital requirement for the first phase of Terafab from SpaceX and Tesla combined. The facility is projected to employ at least 3,000 people, with later expansions expected to push total investment higher.
SpaceX faces a lockup test as it addresses the recent Moon crash, with Cathie Wood and retail investors buying the dip.
More than 900 million SpaceX shares unlock today as lockups expire for early investors and employees.
SpaceX shareholders continue to sell shares whenever possible. One told the BBC, "Every chance I get, I'll sell a little more.
SpaceX confirmed its next Terafab site in Grimes County. Construction is expected to begin within months.
SpaceX investors reportedly have a fresh tender window to sell shares, with the offer framed as potentially too good to pass up for those seeking liquidity.
SpaceX increased its Tesla Megapack purchases in Q2 to supply backup power for the Colossus AI data centers in Greater Memphis. The batteries address grid constraints at the expanding site.
$2.3B CAD contract will deliver secure Military Ka-band coverage over Canada's Arctic starting in 2028. SpaceX will launch the satellites under the 15-year deal with Telesat.
SpaceX is entering the communications market with a unified cellular network built on acquired frequencies and a mix of satellite and terrestrial infrastructure. The move is positioned to drive down service prices.
SpaceX is reportedly partnering with Nvidia to equip its Starmind satellites with orbital datacenters.
SpaceX shares fell 9% after earnings, prompting Wall Street to reassess valuation and growth assumptions.
SpaceX's wayward rocket struck the moon as predicted, with scientists now confirming the impact through orbital data and crater analysis.
Chamath Palihapitiya warned short sellers against betting against SpaceX, noting the same aggressive pressure once targeted Tesla in its early public years. Reports of elevated short interest in the company prompted the caution.
Tesla and SpaceX earnings both zero in on capital expenditures as the companies expand manufacturing and infrastructure. The pattern shows up across their latest quarterly updates.
SpaceX shares fell 12% after investors balked at the AI spending increase. CEO Elon Musk raised the annual revenue target to $1 trillion by 2030, one year ahead of the prior forecast.
SpaceX plans to build a terrestrial mobile network using spectrum acquired from EchoStar, targeting customers from T-Mobile, AT&T and Verizon. "We definitely intend to build out the terrestrial component," said president Gwynne Shotwell.
Three AST SpaceMobile BlueBird satellites reached orbit on a Falcon 9 from Cape Canaveral at 3:49 a.m. EDT. The launch marks the third time SpaceX has flown hardware for the direct-to-device constellation.
SpaceX purchased $295 million of Tesla Megapacks in Q2 2026. Its total spend on the systems for datacenters has now passed $800 million since last year.
SpaceX insiders are preparing to sell shares as the company contends with surging AI infrastructure costs.
SpaceX CFO Bret Johnsen said the company is on track for $100 billion ARR from AI compute deals by year-end. • $6.7 billion in additional cloud services revenue contracted in the first weeks of Q3 alone.
SpaceX's AI revenue tripled to $2.6 billion year over year, fueled by new compute deals with Anthropic and Google. The division posted a $1.5 billion loss.
SpaceX CFO Bret Johnsen said AI compute deals are delivering a payback period of less than one year on datacenter infrastructure investments.
SpaceX targets over 2 GW of compute by year-end, scaling closer to 10 GW than 5 GW by the end of next year. The company will build exclusively on Nvidia, with Vera Rubin as the planned platform.
Elon: "We have grok 4.6 coming out next week, then Grok 4.7 about 3-4 weeks from today. With Grok 5, which should be end of year, we'll be incorporating the entire corpus of SpaceX data.
SpaceX will fly next-generation Starlink V3 satellites on its upcoming Starship test flight, the first time the satellites will reach orbit and become operational. The mission will also attempt booster catch.
SpaceX posted a $540 million loss on bitcoin holdings in its first earnings as a public company, though revenue topped Wall Street forecasts ahead of a major insider share unlock.
SpaceX posted $7.81B revenue in Q2, up 92% from $4.07B a year earlier. • Net loss narrowed to $541M from $1.008B YoY • Operating loss fell to $143M from $970M YoY
Nearly 1 billion SpaceX shares unlock on Thursday. The vesting event covers employee and early investor holdings.
A piece of a SpaceX rocket is on course to strike the moon. The impact is expected in the coming days.
Musk issued a second warning to SpaceX short sellers hours before the company's first earnings release as a public firm. He wrote on X: "I try to warn them, but they just double down …
$100 billion in cash reserves at SpaceX, the company stated. CFO Bret Johnsen said revenue growth accelerated across all segments in the second quarter with strong operating leverage.
SpaceX connectivity revenues hit $4.3 billion, up 66% year-over-year. • 12 million Starlink subscribers at end of Q2 2026 • Doubled from a year earlier • Added 1.7 million sequentially
SpaceX posted $18.3 billion in capex for Q2 2026. The figure reflects ongoing outlays for Starship, Starlink, and launch infrastructure.
SpaceX reportedly generated $7.8 billion in revenue for Q2 2026, beating expectations.
SpaceX is partnering with Nvidia to equip Starmind AI1 satellites with Rubin GPUs and Vera CPUs for orbital datacenter compute. Each satellite is said to carry the full Nvidia stack for space-based workloads.
SpaceX recovers Ship 40 intact from the Indian Ocean after its soft landing. Ship 41 is now preparing for testing ahead of Flight 14.