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SpaceX to Invest $16.8B on First Phase of Terafab Project

The company plans to begin construction this year and create 3,000 jobs under phase one. The state granted SpaceX $30 million for locating its project in Texas.

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The figures are of an order of magnitude not seen until today: in the prospect addressed to investors it is mentioned that “the goal of Terafab in the long term is to produce a teravatium -1,000 GW- of computing hardware per year”

·Bogota, Colombia
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Tom's Hardware broke the news on Sunday, August 9, 2026.
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