Summary:
SpaceX plans to build two supercomputing facilities to fuel its fast-growing artificial intelligence business, including a new $50 billion base in Arizona. Elon Musk's company announced on Thursday that it is building more infrastructure projects in Texas and Arizona - including computing projects and operating gas-fired power plants - totaling $74 billion.
It has previously been reported that the company plans to invest $24 billion in a computing site near its Starbase headquarters in Texas.
The proposal is the latest sign that Musk is seeking to expand computing power as he transforms SpaceX into an artificial intelligence infrastructure provider and focuses his efforts on building a chip factory called Terafab.
He is also working to expand SpaceX’s presence in natural gas, the primary power plant fuel that data center developers use to quickly get their facilities up and running.
Since the beginning of this year, Musk has said that his largest companies, Tesla and SpaceX, need to build and operate so-called Tera fabs, a $100 billion investment that will be used to make semiconductors.
These companies have taken the lead on projects after their CEOs formally announced plans in March.
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