SpaceX proposes $24 billion power and computing project in Texas

SpaceX plans a gas-fired power plant and high-performance computing facility at Starbase in Texas, with an estimated $24 billion capital investment in the project's initial phases, according to a public-hearing notice. The company has applied for a property-tax abatement, which remains subject to local consideration.

The city commission is due to consider the tax request and a related economic-development agreement at a December 9 public meeting. The notice describes a project that could proceed in stages and expand later. It does not establish that final approvals or the requested incentives have been granted.

SpaceX would build, own and operate the facilities. The proposed investment could be one of the largest private developments in the Rio Grande Valley, but the stated figure is an estimate for early phases, not proof that the money has already been spent.

The notice did not give the proposed tax reduction's value or duration, the power plant's generating capacity or the computing facility's size. Those missing details limit comparisons with other projects and assessments of its local effects.

A dedicated power plant could help a large computing project avoid lengthy waits for a connection to the main electricity grid. Whether that benefit materialises depends on construction, permits and the final project design. The proposal remains at a planning and incentive-review stage.