Texas Factory: SpaceX officially filed plans for a massive $55 billion semiconductor device fabrication plant in Texas, named Terafab, with a total projected build-out reaching up to $119 billion.
Elon Musk’s recent major investment and corporate news in the USA centers on SpaceX, which completed the largest stock market debut in U.S. history. The space exploration and AI company raised $75 billion in its initial public offering (IPO), pushing its market valuation over $2 trillion and briefly propelling Musk to an estimated net worth of $1.1 trillion.