Elon Musk is recruiting for the Terafab project by SpaceX and Tesla, saying the output of the Texas chip complex could rank among the top 20 country GDPs. The project combines logic, memory and advanced packaging, with Intel joining in April; the first phase represents over $16.8 billion of investment and 3,000 jobs, and Texas awarded SpaceX a $30 million grant. The plant is designed to supply chips for Tesla's Optimus robots, Cybercabs and SpaceX's planned orbital data centers, with Musk estimating about 75% of AI compute would go to SpaceX. Musk admitted he has "no idea how to make microchips" but said the companies would figure it out, a process that "might take us quite a few years."
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Related tickers and likely impact
TSLA
▲ Likely positiveTesla, Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.5T |
| Close on 10/12/2026 | 378.03 |
| Change that session | -1.22% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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