SpaceX to Spend at Least $55 Billion on Texas Chip Project

The cost of the proposed Texas chip facility could reach $119 billion in the future.

The SpaceX logo and a photo of founder Elon Musk are seen in this photo illustration. Dado Ruvic/Reuters

SpaceX has unveiled the estimated cost of its planned semiconductor manufacturing facility in Grimes County, Texas.

The project, dubbed Terafab, could initially cost $55 billion and rise to $119 billion if additional phases are built, according to a public notice posted Tuesday on Grimes County’s website.