SpaceX (SPCX) Stock:Plans Over $74 Billion in AI Projects Across Texas and Arizona

TLDR

SpaceX plans more than $74 billion for two AI projects across Texas and Arizona
SPCX shares fell 0.97% to $138.58 after rebounding from an intraday low below $137
The $24 billion Starbase facility would generate its own power in South Texas
Arizona’s $50 billion AI campus faces a Dec. 9 zoning hearing in Cochise County
SpaceX spent $15.83 billion on AI computing, over 80% of its second-quarter capex

SpaceX (SPCX) shares fell 0.97%, or $1.36, to $138.58 by 11:47 a.m. EST. The company outlined more than $74 billion in planned AI investment across Texas and Arizona. Its proposed Arizona supercomputing campus accounts for about $50 billion, the larger share of the two-state expansion.

Space Exploration Technologies Corp., SPCX

SpaceX Plans $24 Billion Texas Facility
SpaceX plans to spend about $24 billion on a supercomputing facility at Starbase in the Rio Grande Valley. The company owns the project site near the Port of Brownsville. It plans to generate electricity on site for the facility and meet its power needs.
SpaceX says the Texas project has already created more than 3,000 construction jobs. The company expects the facility to support more than 500 permanent jobs. It also committed $220 million to water and wastewater infrastructure in the Brownsville area.
SpaceX has already paid $40 million toward that water and wastewater commitment. Brownsville removed about 444 acres from its city limits, and Starbase took in the land. Meanwhile, tax negotiations with Starbase and Cameron County continue.
Arizona’s $50 Billion AI Campus Faces Zoning Review
SpaceX put a roughly $50 billion price tag on its proposed campus in Cochise County, Arizona. The campus would include nine supercomputing buildings and up to six gigawatts of power. The design also calls for up to 24 gigawatt-hours of battery storage.
Tombstone Resources LLC filed the county application for the roughly 747-acre site. The application outlines four phases, and each phase would provide about 1.5 gigawatts of power. SpaceX plans to use dry cooling and expects zero industrial groundwater use at the proposed campus.
SpaceX projects 5,500 construction jobs and 1,000 permanent jobs at the Arizona campus. It also projects electricity bill reductions of up to 20% for local cooperative members. The county planning and zoning commission will hold the hearing in Bisbee to review the application for the campus.
SpaceX reported $18.37 billion in second-quarter capital spending across its operations. Of that total, the company spent $15.83 billion on AI computing. SpaceX also raised $25 billion through an investment-grade bond sale.
The company left construction dates, project financing details, and chip suppliers out of its update. Meanwhile, its AI division generated $7.6 billion in third-quarter revenue, an increase of 830%. SpaceX reported $4.40 billion in net income for the quarter under generally accepted accounting principles.
 
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