SpaceX confirms Terafab construction start in Grimes County

SpaceX and Terafab met with Grimes County residents to confirm that the $55 billion Terafab chip manufacturing project will begin construction within months at the Gibbons Creek Reservoir site. The agreement includes a $10 million payment already delivered to the county and a fixed annual payment of $20 million for 35 years, exceeding previous Tesla payments. Terafab, a joint venture between Tesla, SpaceX, xAI, and Intel, will produce over one terawatt of AI compute capacity annually. It was clarified that the project will not affect electric rates or deplete local water resources and will use

• Terafab to start construction within months in Grimes County
• Fixed annual payment of $20 million for 35 years to the county
• Annual production of over one terawatt of AI compute capacity

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