SPCX
Texas, but make it utility-scale
SpaceX apparently isn’t content with just building rockets and satellites. According to Bloomberg, the company plans to build natural gas power plants to supply electricity to its planned Terafab semiconductor factory in Texas.
That’s not exactly a side quest. If you’re trying to run a chip factory, power isn’t optional — it’s the whole board game. So instead of waiting around for the grid to cooperate, SpaceX seems to be trying the corporate version of bringing your own batteries to a music festival.
Why investors should care
This matters because it hints at how expensive and infrastructure-heavy the Terafab project could become. A company building its own power supply is basically saying, “We’re not treating this like a hobby.”
A few things stand out:
- natural gas plants suggest serious, long-lived energy needs
- the Texas location may offer flexibility, but it also raises questions about permitting and execution
- the move underscores how SpaceX’s ambitions are spreading well beyond launch pads and into manufacturing infrastructure
Big picture
If SpaceX really goes down this road, it adds another layer to the company’s already sprawling story: rockets, satellites, internet service, and now potentially its own power solution for a chip factory. That’s a lot of irons in the fire — and a lot of capex, too.