Overview
- Company filings and recent reporting say SpaceX, Tesla and Intel have started on‑site work at a planned chip complex in Grimes County, Texas.
- The firms describe a first phase cost of $16.8 billion for a planned 100‑million‑square‑foot facility designed to deliver more than one terawatt per year of compute capacity.
- SpaceX is set to receive roughly 75 percent of Terafab output while Tesla would take about 25 percent, and Intel is providing licensed process and foundry support though exact partner roles and equity splits are undisclosed.
- Texas has offered a $30 million grant and proposed long tax abatements for the project, prompting local protests and demands for enforceable environmental and community protections tied to water, power and wastewater plans.
- Key risks remain unresolved for investors and regulators, including full financing, multi‑phase cost estimates that earlier filings projected as high as $119 billion, and the permitting and utility approvals needed to operate the plant.