SpaceX plans to invest more than $74 billion in total for Starbase in Texas and the new campus in Arizona.
AI-generated summary
In addition to its rocket and satellite activities, SpaceX is expanding its goals in artificial intelligence computing.
SpaceX plans to invest more than $74 billion in total for two supercomputer facilities in Texas and Arizona. The company plans to allocate more than $24 billion for the Starbase facility in Texas and approximately $50 billion for the Arizona campus, pending local government approval.
SpaceX announced on Thursday that it has expanded its goals in artificial intelligence computing, as well as its rocket and satellite activities. The company plans to invest a total of more than $74 billion in the Starbase facility in Texas and the supercomputer campus in Cochise County, Arizona.
More than half of the third quarter revenues of SpaceX, led by Elon Musk, which went public in June, came from the artificial intelligence department. This share showed the extent to which the company's activities have expanded beyond its rocket and Starlink satellite internet businesses.
SpaceX anticipates spending more than $24 billion on the Starbase facility and approximately $50 billion on the campus in Arizona.
Approval required for campus in Arizona
The Arizona project, which requires approval from the Cochise County government, is expected to employ approximately 5,500 people during the construction phase and create permanent employment for 1,000 people.
SpaceX stated that it is working with local electric cooperatives and that the project could reduce the electricity bills of cooperative members by up to 20 percent. The company stated that a dry cooling system will be used on the campus and that groundwater use is not planned for industrial purposes.
A petition with 2,400 signatures objecting to the project asked authorities to reject the permit application. A public meeting regarding the project in the district will be held in December.
Starbase facility will produce its own electricity
The Starbase facility in Texas will meet its electricity needs from its own production. According to a municipal notice published this week, a natural gas-fired power plant and supercomputer facility is planned to be built on an area of approximately 1,800 acres.
Starbase City Council is expected to discuss property tax relief for the project on Dec. 9.
SpaceX announced that the Texas project has employed more than 3 thousand people during the construction phase to date and will support more than 500 permanent jobs when the facility becomes operational.
AI outlook — possibilities, not facts
Starbase City Council to discuss property tax reduction
Likely · Within weeks
A public meeting on the project will be held in Cochise County
Very likely · Within weeks
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