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Musk’s planned $16.8 billion factory is five times bigger than the world’s current largest building
Fortune • • business
Key Points:
- Elon Musk announced Terafab Texas, a massive chip factory expected to become the largest and most valuable building on Earth, surpassing the 18.9 million square feet of the current record holder in China.
- The project involves a $16.8 billion initial investment, aims to create 3,000 new jobs, and will integrate logic, memory, and advanced packaging to produce over 1 terawatt of computing power annually for SpaceX and Tesla.
- Terafab is part of Musk’s broader vision to support AI infrastructure, space travel ambitions, and large-scale chip production, potentially enabling millions of Tesla robots and significant mass launches into orbit.
- To offset costs, Terafab has applied for substantial tax incentives from Texas, seeking to freeze certain property taxes and use state programs to remain competitive against other states like Arizona.
- Texas Governor Greg Abbott supports the project, highlighting it as a major economic and technological boost for the state, with SpaceX already having a strong presence in Texas through its headquarters and launch facilities.
