CEO Elon Musk is looking to consolidate his three flagship companies, Tesla, SpaceX, and xAI, into a new venture. Planned for the north campus of Tesla’s Giga Factory in Texas, his new project, called Terafab, will be a new semiconductor mega-factory that joins multiple AI chips under one roof.

Elon Musk unveiled an ambitious plan March 21, 2026, for a joint Tesla and SpaceX semiconductor fabrication facility dubbed "Terafab," aiming to produce custom chips on an unprecedented scale to fuel artificial intelligence,

State regulators have signed off on SpaceX's plan to expand its Starbase launch site farther into surrounding wetlands, certifying that the project wouldn't harm state waters.

SpaceX plans to build a new factory in Austin, Texas – adding another expansion to the region from one of Elon Musk's companies after the billionaire founder moved there last year. The plan for the facility was revealed in a company job posting, which ...