Corporate August 6, 2026 Texas market

SpaceX confirms $16.8B first phase of Terafab AI-chip semiconductor complex in Grimes County, not a data center

Governor Abbott confirmed Aug 6, 2026 that SpaceX will build its Terafab semiconductor manufacturing complex in Grimes County (near the Gibbons Creek Reservoir / College Station), a first phase representing more than $16.8B in announced capital investment and approximately 3,000 jobs, backed by a $30M Texas Enterprise Fund grant and JETI-program qualification.

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