SpaceX plans $74 billion investment in AI computing campuses
The company intends to build supercomputing facilities in Texas and Arizona to expand its business beyond rockets and satellite internet.
SpaceX plans to invest more than $74 billion in two artificial intelligence (AI) computing campuses located in Texas and Arizona, according to a Times of India report.
The company expects to spend over $24 billion on a supercomputing facility and power infrastructure at its Starbase site in Texas. This project, covering about 444 acres, includes a gas-fired power plant and is expected to create more than 3,000 construction jobs and over 500 permanent roles.
A second campus in Cochise County, Arizona, is proposed at a cost of approximately $50 billion. This facility is expected to produce 5,500 construction jobs and 1,000 permanent positions, though it requires approval from Cochise County.
Local residents have expressed resistance to the Arizona project, with a petition containing 2,400 signatures calling on officials to deny the permit. A public hearing for the proposal is scheduled for December.
SpaceX stated that the Arizona facility will employ dry cooling methods and will not depend on industrial groundwater. The company also claimed that working with local electric cooperatives could lower electricity bills for members by up to 20%.
The Texas project is set for consideration by the Starbase City Commission on December 9 regarding a property tax abatement. The company's AI segment reportedly generated more than half of its revenue in the third quarter.
