Elon Musk's SpaceX and Tesla Are Building a $16.8 Billion Chip Factory 5 Times Bigger Than Earth's Largest Building. What Does That Mean for Both Stocks? - The Globe and Mail

Latest News About Elon Musk Outlines New Tech Factory and Political Spending Plans

SpaceX and Tesla are constructing a $16.8 billion chip manufacturing facility. The newly planned facility is five times larger than the largest building on Earth. SpaceX is also set to attempt a Starship tower catch over the next few months. Its satellite service, Starlink, currently has 11,000 satellites in low orbit.

Fresh disclosures about political and corporate plans for Elon Musk were also revealed. Musk is prepared to invest up to $200 million through America PAC for Republican midterm candidates. Musk is also pushing SpaceX IPO investors to buy paid tiers for Grok and buy advertising on X.

Sources & References