SpaceX's Next Big Business Isn't Rockets. It's Computer Chips.

Yahoo Finance ·

Six months ago, SpaceX ( SPCX +2.83% ) was a private rocket company. Today, it is a public one worth more than $2 trillion, and its most intriguing new project has nothing to do with launching rockets. In March 2026, Elon Musk unveiled Terafab, a sprawling semiconductor venture, run alongside his electric-car company Tesla ( TSLA 7.35% ) and AI start-up xAI, with Intel ( INTC 5.61% ) later signing on to contribute manufacturing technology. The pitch is audacious: build chips not just for cars and robots, but for artificial intelligence (AI) data centers in orbit. For a company this new to the public market, it's worth asking what a bet like that could mean -- and what it's worth today. Terafab begins with a prototype fab in Austin and a far larger complex planned elsewhere in Texas. Intel joined the effort in April to contribute its process technology, including its next-generation 14A manufacturing process for the full-scale plant. The scale is staggering: SpaceX has pegged the initial investment at about $55 billion and the total build-out at up to $119 billion. Interestingly, the space angle is what sets it apart. Musk has said that a large share of Terafab's output is aimed at chips for artificial-intelligence data centers in orbit, where abundant sunlight provides power, and cooling would be easier.

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