SpaceX Flags at Least $55 Billion Investment in Chip Plant

Elon Musk’s SpaceX estimated a chip factory it plans to build along with Tesla Inc. will cost at least $55 billion, with total investment potentially exceeding the amount the rocket maker aims to raise from a record initial public offering.

The “next-generation, vertically integrated semiconductor manufacturing and advanced computing fabrication facility” may be located in Grimes County, Texas, according to a public notice. The estimated total capital investment could rise to $119 billion if additional phases of the project are completed.