SpaceX advances $74B of new data center projects in Texas and Arizona

What happened: SpaceX announced it is advancing two AI data center projects in Texas and Arizona with a combined investment of $74B. The Texas facility at Starbase will host new supercomputing infrastructure, and the Arizona project is planned for Cochise County. Key numbers: $74B combined investment. Why it matters: The company said the Texas facility will generate its own electricity without drawing from the public grid, and the Arizona project aims to strengthen regional energy infrastructure and use dry cooling with no planned industrial groundwater consumption. Market: +2.0% today ($142.55), 0.6x vol — as of 18:32 UTC Coverage: 3 outlets in 24h

SpaceX announced it is advancing two AI data center projects in Texas and Arizona with a combined investment of $74B. The Texas facility at Starbase will host new supercomputing infrastructure, and the Arizona project is planned for Cochise County.

The company said the Texas facility will generate its own electricity without drawing from the public grid, and the Arizona project aims to strengthen regional energy infrastructure and use dry cooling with no planned industrial groundwater consumption. Market: +2.0% today ($142.55), 0.6x vol — as of 18:32 UTC