SpaceX has requested a property tax break from Starbase, Texas, for a $24 billion project involving a gas-fired power plant and a supercomputer facility. The project aims to provide SpaceX with its own power supply to avoid delays linking to the Texas grid and to expand its AI computing capacity, which has seen rapid revenue growth. The Starbase City Commission will review the tax exemption request on December 9, 2026, but approval is not guaranteed, especially with potential state-level regulatory challenges. The project reflects SpaceX's strategy to support its growing AI business and Starship production needs.
SpaceX shares trade at USD 142.65 on Pluang as of Nov 10, 2026, showing a modest 0.40% gain in one day. The stock's market cap stands at $1.93 trillion, reflecting strong investor interest despite the pending tax break decision. Pluang data shows 64% of orders are buys, indicating positive sentiment around SpaceX's growth plans.
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Elon Musk revealed that SpaceX might acquire an established telecom company to utilize its spectrum ten times more effectively, though no specific target was named. SpaceX already owns significant spectrum licenses and plans to close on more by mid-2...
