SpaceX receiving millions in taxpayer funds to build industrial complex

(The Center Square) – SpaceX is constructing a multi-phase industrial complex near the Gibbons Creek Reservoir in Grimes County with the help of millions of dollars in tax incentives.

The complex will include semiconductor manufacturing, power generation, an AI advanced computing campus, supporting power generation, a space compute test facility, among other projects.

The office of Gov. Greg Abbott and SpaceX announced the first phase of the development: a vertically integrated semiconductor fabrication plant is being built.

SpaceX says it’s investing $16.8 billion to build the 100-million-square-foot facility to accelerate semiconductor manufacturing. It’s expected to create 3,000 new jobs, including engineers, technicians and plant operator personnel.

SpaceX, owned by multibillionaire Elon Musk and valued at $1.7 trillion, received a $30 million Texas Enterprise Fund grant (TEF). T...