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SpaceX To Invest $74 Billion Into Data Center Construction Projects In Texas, Arizona
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An anonymous reader quotes a report from the Hill: Elon Musk's SpaceX plans to invest more than $74 billion into building two data centers in Texas and Arizona, the company announced Thursday, marketing them as projects that will boost local communities amid backlash surrounding such facilities. "These investments will expand local tax bases, generate substantial new revenue for schools and public services, and create economic opportunities that extend far beyond the facilities themselves," the company said in a release. SpaceX said it will put more than $24 billion into a new project in Texas's Rio Grande Valley, expanding the company's headquarters in Starbase -- a coastal town the tech giant established in 2025 in a previously unincorporated area of Cameron County. In Arizona, SpaceX will invest around $50 billion in Cochise County, a rural area east of Tucson bordering Mexico and New Mexico. SpaceX pledged the new projects will be created cooperatively with the surrounding communities and will be environmentally conscious. The company said the project in Texas would generate its own power and invest $220 million to expand the water supply in nearby Brownsville. While in Arizona, it vowed to work with local electric cooperatives and "potentially" reduce electric bills, saying the site would use dry cooling without water consumption. "They require strong partnerships with local communities, responsible environmental stewardship, and stable, competitive policies that give companies the confidence to make long-term investments," the company said in a release. Both sites promise hundreds of permanent jobs even once construction is complete.
Source:https://slashdot.org/story/26/11/13/0121210/spacex-to-invest-74-billion-into-data-center-construction-projects-in-texas-arizona?utm_source=rss1.0mainlinkanon&utm_medium=feedPreviousPolo is a Wayland compositor for the MATE desktopNextLetter: ByteDance plans to buy back up to $6B worth of shares from existing investors at a ~$400B valuation, a 20% increase in valuation from its 2025 buyback (The Information)
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