SpaceX is proposing a $24 billion power plant and data center at Starbase, Texas, according to CoinDesk. A City Notice says SpaceX proposes to construct, own and operate a gas-fired power plant and super-compute facility. The reported plant would use 35 turbines and produce 748 megawatts, whereas most AI data centers draw from the local grid. The notice does not explain why SpaceX wants its own plant.
CoinDesk compared the cost with the company’s crypto holdings. Per Bitcointreasuries.net, SpaceX held 18,712 bitcoin, worth about $1.39 billion at the time of writing, so the project is roughly 17 times that value. SpaceX went public in June, and in February Elon Musk merged xAI into SpaceX in a stock swap valuing the combined firm at about $1.25 trillion.
The city of Starbase is being asked to grant a property tax abatement and allow use of the Cameron County Enterprise Zone. Its commission will hold a public hearing on December 9.
Regulatory risk remains. On August 3, Governor Greg Abbott ordered a pause on data centers moving through the grid operator’s connection process until an audit finishes, and that audit covers on-site generation. CoinDesk noted that Democrat Gina Hinojosa, who campaigned against AI data centers, won the governor’s race on November 3. It is unclear whether SpaceX’s own plant would let it avoid the pause.
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