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SpaceX outlines AI campus investments exceeding $74 billion
The company expects to spend more than $24 billion at Starbase in Texas and roughly $50 billion in Arizona, where county approval is still needed.
SpaceX said on November 12 it intends to invest more than $74 billion across two supercomputing campuses in Texas and Arizona, extending its ambitions in AI computing alongside its rocket and satellite businesses.
Expected spending includes more than $24 billion for the Starbase site in Texas and roughly $50 billion for the Cochise County campus in Arizona. AI generated more than half of third-quarter revenue at the Elon Musk-led company, which went public in June.
The Arizona development requires county approval. A petition seeking rejection of its permit has collected 2,400 signatures, with a public hearing scheduled for December. The campus would create about 5,500 construction jobs and 1,000 permanent positions.
SpaceX said it is working with local electric cooperatives and that the Arizona project could lower members’ bills by up to 20%. Its cooling plans call for dry cooling, with no industrial groundwater use planned, the company said.
In Texas, Starbase would supply its own electricity instead of using the public grid. A city notice outlined a supercomputing facility and gas-fired power plant covering about 444 acres. The Starbase City Commission is scheduled to review a proposed property tax abatement on December 9.
SpaceX said construction on the Texas project had already created more than 3,000 jobs. It expects the site to support more than 500 permanent positions after operations begin.