The Millionaires Club A forum where gentlepersons may discuss finance and related matters
wit is appreciated - vulgarity is not

Introduction

View Introduction

Archives

View Archives

Search Archives

Info

Adding Images

Adding Links

Links

 aaa Brown attacked by M|EP

 aaa The Great GW Circus

 ADVFN

 AIM

 Barclays Stockbrokers

 BBC

 Bloomberg

 Bullion Desk

 CMC

 CNN

 Companies House

 CSY Computer Systems

 Daily Bayonet

 Dailyfx

 Digital Look

 Fark

 French Property

 FT.com

 Google

 Growthcompany Info

 IG Index

 Interactive Investor

 Live Oil Price

 London Stock Exchange

 Money AM

 Motley Fool

 MSN Money

 Nasdaq

 New York Stock Exchange

 News of the World

 Shares mag

 Sky News

 Stockchallenge

 The Daily Mail

 The Daily Telegraph

 The Dailymash

 The Financial Times

 The Guardian

 The Indepenent

 The New York Times

 The Sun

 The Times Online

 The Wall Street Journal

 Wikipedia

 Yahoo

 You tube


Current Message Return to posts
From: Denc 🗡
No lack of ambition…..


Nov 9 (Reuters) - SpaceX is planning a roughly $24 billion gas-fired power plant and super-compute facility in Starbase, Texas, according to a public hearing notice.

The rockets-to-AI company’s request comes as opposition to data centers grows, with voters rejecting them in 40 of 41 local ballot measures and Democrats, some of whom had campaigned on pausing new projects, taking control of the US Congress and the Texas governor’s office in the midterm elections.

The filing shows SpaceX, which bought Elon Musk’s AI lab xAI earlier this year, has applied for a property tax abatement for the project. The Starbase City Commission will consider the abatement, plus a related economic development agreement, at a public meeting on December 9.

The notice describes $24 billion as the estimated capital investment for the project’s initial phases. It said the work may be done in multiple phases and could include future expansions.

SpaceX would construct, own and operate the facilities. The project would be among the largest private investments in the Rio Grande Valley.

Building its own power plant could let SpaceX skip a years-long wait to plug a project into Texas’ main power grid.

The notice did not say how large the abatement would be or how long it would last. It also gave no details on the plant’s generating capacity or the scale of the computing operation.

SpaceX affiliate Lone Star Mineral Development has filed plans for an 8-mile natural gas pipeline to Starbase, called Starpipe, that is scheduled for service by January 2027. It will feed a planned plant to turn the gas into liquid methane for Starship rockets, according to filings Reuters reviewed in June.

The company last month reported a 161% jump in revenue and a ninefold increase in AI revenue for its third quarter. The company has been renting out computing capacity to Google, Anthropic and others.

Bloomberg News first reported on the development.

 Current Thread  Author  Time 
No lack of ambition….....[more]
 Denc 🗡  14:43:42 
>> Meanwhile 🇬🇧 has banned all future space projects after Ed ... [more]
 Hamsterwheel  15:10:04 

You must log in or register before you can post messages (you'll be returned to this page once logged in).



© 2000 sell on the internet (soti) ltd | feedback
www.the-millionaires-club.co.uk ... FTIR Investments of Geneva Place, Road Town, British Virgin Islands