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SpaceX Plans $74 Billion Investment to Build Data Centers in Texas and Arizona
The New York Times • • general
Key Points:
- SpaceX announced plans to invest $74 billion in building new data center campuses in Arizona and Texas, aiming to expand its role in the global artificial intelligence sector.
- The Texas campus will involve a $24 billion investment on 444 acres near the Starbase rocket site and will generate its own power, while the $50 billion Arizona campus is expected to create 6,500 jobs but still requires county approval.
- SpaceX's AI business has rapidly grown, generating over half of the company's revenue and leasing computing power to major clients like Anthropic and Google, with Google paying $920 million per month.
- The company's AI unit, xAI, currently operates four data centers, and SpaceX's capital expenditures surged to $19.6 billion in Q3, supported by $40 billion in debt financing to fund chip purchases for data centers.
- These investments position SpaceX alongside other tech giants like Amazon, Meta, and Microsoft, which have also invested tens of billions in data center infrastructure.
