SpaceX Plans $24 Billion Investment in Natural Gas Power Plant and Supercomputing Facility in the U.S.

en.Wedoany.com Reported - On November 6, the City of Starbase, Texas, issued a public hearing notice. SpaceX plans to invest approximately $24 billion in the area to build a natural gas power plant and supporting supercomputing facilities in phases. The initial investment covers both types of facilities, with potential for further expansion in the future. SpaceX intends to build, own, and operate the relevant assets itself. The Starbase municipal government is scheduled to review the project's property tax abatement and economic development agreement on December 9.

The project site is located within the jurisdiction of the City of Starbase in Cameron County, Texas, east of Brownsville, between Boca Chica Boulevard and the Port of Brownsville, covering approximately 444 acres. The parcel is registered under number 171887 and falls within a Cameron County enterprise zone. SpaceX submitted the relevant applications as the landowner and tax abatement applicant.

The tax incentive applications submitted involve two separate agreements. The first seeks a property tax abatement under Chapter 312 of the Texas Tax Code; the second seeks an economic development agreement under Chapter 380 of the Texas Local Government Code. Under local law, the enterprise zone where the project is located is eligible to serve as a tax abatement reinvestment zone.

The Starbase City Commission plans to hold a public hearing at 19:00 local time on December 9 at 48491 State Highway 4 to review SpaceX's two agreement applications. The city government has invited interested parties to attend the meeting and express their views on the proposed agreements.

According to permit application materials obtained by local media from the Texas Commission on Environmental Quality, SpaceX plans to install 35 natural gas turbines at the Boca Chica facility, with a total generating capacity of approximately 748 megawatts. This figure comes from a separate environmental permit application and represents planning parameters for the proposed power generation facility; it still needs to be further correlated with the final engineering scope of the $24 billion investment project.