SpaceX stock faces $24 billion Texas power and AI project

Published on 11/10/2026 at 14:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SpaceX stock is in focus as the company plans a major Texas computing and power project. A December hearing will address its tax treatment.

Texas Project Raises New Execution Questions

SpaceX plans to build, own and operate a gas-fired power plant and supercomputing facility at Starbase.
The initial phase carries an estimated investment of 24 billion US dollars and may expand in later stages.
A December 9 hearing will address the requested property-tax abatement and an economic development agreement.
The project could reduce delays tied to connecting large computing loads to the Texas grid.

SpaceX, US84615Q1031, Illustration mit AI erstellt.

SpaceX is planning a gas-fired power plant and supercomputing facility at Starbase, Texas, in a project with an estimated initial investment of 24 billion US dollars. Reuters reported the plan on Tuesday, November 10, citing a public hearing notice.

The company would construct, own and operate both facilities. The notice says the work could be carried out in multiple phases and expanded later, making the project a significant potential commitment to SpaceX's artificial-intelligence infrastructure.

Tax Hearing Sets Next Milestone

SpaceX has applied for a property-tax abatement for the project. The Starbase City Commission is scheduled to consider the request and a related economic development agreement at a public meeting on December 9. The notice does not specify the size or duration of the requested tax relief.

The tax application gives investors a defined regulatory milestone, but it does not settle the project's final scope. Reuters said the public notice provided no details on the power plant's generating capacity or the scale of the computing operation.

Building power on site could help SpaceX avoid a years-long wait to connect a large computing facility to the Texas grid. That approach would give the company more control over power availability, while adding construction, permitting and operating responsibilities alongside the computing build-out.

Pipeline Supports Broader Texas Build-Out

SpaceX affiliate Lone Star Mineral Development has filed plans for an eight-mile natural-gas pipeline known as Starpipe. Reuters reported that the pipeline is scheduled for service by January 2027 and is intended to supply a planned plant that would convert gas into liquid methane for Starship rockets.

The infrastructure points to a broader Texas expansion linking launch operations, fuel production and computing capacity. For investors, the potential benefit is greater control over critical inputs; the trade-off is a larger capital footprint before the new facilities generate returns.

SpaceX reported a 161 percent year-over-year increase in third-quarter revenue last month, while AI revenue rose ninefold, according to Reuters. The company has been renting computing capacity to Google, Anthropic and other customers, tying the Texas plan to an operating business that is already expanding.

Stock Trades Without Xetra Benchmark

SpaceX stock traded at 123.72 euros on Lang & Schwarz at 2:10 p.m. CET on Tuesday, November 10. The quote places the stock in the market context of the Texas project, but the December hearing remains the next concrete decision point for the proposed tax treatment.