SpaceX set to splash $74B on pair of US facilities

SpaceX revealed plans to spend more than $74 billion across two supercomputing campuses in the US to boost its AI compute capabilities.

Elon Musk-led SpaceX announced the massive planned investments for its ? Starbase site in Texas and one in Arizona yesterday (12 November).

The supercompute facility in Cochise County, Arizona, is expected to cost around $50 billion while generating approximately 5,500 construction jobs and 1,000 permanent roles.

The company intends to invest $24 billion at a site near its headquarters in Starbase, Texas. At that location, SpaceX has committed $220 million to expand water and wastewater infrastructure in Cameron County and nearby Brownsville.

The $74 billion spend on infrastructure projects includes owning a natural gas-fired plant at the Texas site along with construction costs. In Arizona, SpaceX said it will “deliver meaningful electricity cost savings to local cooperative members,” but did not say if it includes natural gas.

Leasing out excess compute capacity is a profitable business for SpaceX. In May 2026, Anthropic agreed a major compute deal with the company enabling it to tap more than 300-megawatts of capacity at the latter’s Colossus 1 data centre.

In August 2026 SpaceX announced plans to build a massive semiconductor fabrication facility Texas as part of its Terafab chip factory.

During its Q3 earnings call on 20 October, SpaceX CEO Musk stated there is a possibility the company will have over 20-gigawatts of compute online next year.