SpaceX Proposes $24B Gas-Fired Power Plant and AI Data Center at Starbase
SPCX sits 33% above its 52-week low of $104.83.
Summary
SpaceX is proposing a $24 billion initial-phase buildout at Starbase, Texas: a natural gas-fired power plant plus a super compute facility that SpaceX would construct, own and operate. The figure comes from a public hearing notice cited by Bloomberg, and it would rank among the largest private investments in the Rio Grande Valley. The Starbase City Commission reviews the property tax abatement and a related economic development agreement on Dec. 9, so the incentive terms are not yet settled. This fits the AI capex push already visible in the Q3 10-Q and the Oct. 26 8-K master finance lease with an Apollo-managed entity for GPU pods. Watch the Dec. 9 commission meeting for the abatement terms and any disclosed generation capacity or compute scale, neither of which the notice included.
At the time of this announcement, SPCX was trading at $139.20 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.9T. The 52-week trading range was $104.83 to $225.64. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Benzinga.