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SpaceX Proposes $24 Billion Gas Power Plant and Supercomputing Project in Texas

SpaceX has proposed building an estimated $24 billion natural gas-fired power plant and AI supercomputing hub at Starbase in Cameron County, Texas. Designed on a 444-acre tract, the off-grid facility will use 35 gas turbines to produce 748 megawatts of power for AI operations following the integration of xAI. The Starbase City Commission will review property tax abatement requests on December 9. However, the project confronts emerging regulatory hurdles and statewide policy scrutiny concerning data center resource consumption following recent Texas political shifts.

Category

SpaceX

Sentiment

Bullish

Event

Corporate action

Reading time

1 min