SpaceX wants $24B gas plant and super-compute hub in Starbase
SpaceX is lining up a $24 billion bet on a gas-fired power plant and a super-computing facility in Starbase, Texas, the city built around its launch site. The company wants a property tax abatement to help fund it, and Starbase commissioners vote on the deal December 9.
- Original source: breakingthenews.net.
- The source published it on Nov 9, 2026 at 8:37 PM.
- No second outlet has reported it yet. Treat it as a single-source claim.
The number comes from a notice posted Monday on Starbase's city website: SpaceX puts the estimated capital investment for the project's initial phases at $24 billion. The build-out could unfold in several phases, with room for expansions later on. SpaceX would construct, own and operate the new facilities itself.
The rocket company wants a break on its property taxes to help pay for it. According to the notice, SpaceX has requested a property tax abatement on the project. The Starbase City Commission will take up both that tax reduction and a related economic development agreement at a public meeting on December 9.
Starbase, the Texas city that hosts SpaceX's launch operations, sits at the center of the filing. The $24 billion figure covers only the opening stages of the gas power plant and super-compute facility, leaving the final tab open.
TopicsSpaceX · Starbase · Texas · Starbase City Commission · Space Exploration Technologies Corp.
Source: breakingthenews.net
Written by Paparazzi with AI. Not financial advice.
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