Noesion Radarnoesion.ai
Market2026-08-10

Texas Gov. Greg Abbott announced on Aug. 6, 2026 that SpaceX will invest $16.8 billion in the first phase of its Terafab semiconductor project in Grimes County, Texas, creating 3,000 jobs with construction starting this year and completion of phase one targeted for 2028. State records put phase-one capital expenditures at $10.3 billion in the Anderson-Shiro school district, and the project is expected to run up to four phases totaling $55 billion to $119 billion across a 100-million-square-foot campus combining logic, memory, wafer fabrication and advanced packaging. SpaceX received $30 million from the Texas Enterprise Fund, holds eight JETI applications, and secured a 35-year county tax abatement, despite pushback from rural Grimes County residents at a June public meeting.

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