TERAFAB: As I reported yesterday, SpaceX purchasing company Wit Tech LLC. has started acquiring 3,135 acres in Grimes County, Texas, for the Terafab semiconductor and advanced computing chip manufacturing plant near Gibbons Creek Reservoir. Officials are holding a public hearing tomorrow, June 3rd, on SpaceX’s proposal.
The county has posted the following two items for the hearing:
- SpaceX Public Hearing Item 1 - Tax Abatement
- SpaceX Public Hearing Item 2 - Reinvestment Zone
The public hearing will be at 9:00 a.m. CST at the Grimes County Commissioner Courtroom, located in the Grimes County Justice & Business Center, 270 FM 149 W., Anderson, Texas.
Upon the close of the public hearing, the Commissioners Court intends to take action on approval of a property tax abatement agreement and whether or not to establish and designate the Reinvestment Zone. Its designation would be "SpaceX Reinvestment Zone No. 1 – 2026-001."
Per County Judge Joe Fauth, "I’d like to put this to bed on Wednesday. SpaceX can then start digging dirt and doing what they need to do to build their operation. Or we just say, you know what? We can’t come to it, and we don’t have an agreement.
This is a big deal. At the end of the day, this is a generational change for Grimes County, if indeed it does go through. In the back of my head, maybe we could limit some of the anxiety of our citizens by not having five, ten, 15 data centers, battery locations, power generations throughout the county. Maybe we could just have one or two majors, and then we could go back to the comfort of, hey, Grimes County is a nice place to live.
We have the semi-final word. We’re going to offer this tax abatement. This is what we’re proposing. And then SpaceX would also have the opportunity to say, 'We’re going to come in, or we’re not coming in.'"
Every day the Clarity Act stalls, America misses out on job growth.
Developers, founders, and builders aren't waiting; they're relocating to countries that actually have rules.
America is the home for innovation, and we need to stay that way.
We need to pass the Clarity Act.
Warren Buffett: "The bottom 2% in terms of income in the United States, the bottom 5%, and for sure the top 1% all live better than John D. Rockefeller was living when I was six years old."
"John D. Rockefeller was the richest man in the world and, today, you can get better medicine, better education, better entertainment, better transportation. You can do everything better than he could."
"When I was born, the dentist didn't use novocaine!"
JUST IN: Cursor's Composer 2.5 coding model landed inside xAI's Grok Build.
For SuperGrok and X Premium+ users, that means a 200,000-token context window, subagents and Git integration in the terminal.
The model is tuned for long-running tasks and complex coding instructions.
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The MOST important section of SpaceX's amended IPO filing (S-1/A) today.
In relation to acquisitions, divestitures, or other strategic transactions, SpaceX says they "may issue a significant amount of equity in connection with future transactions."
Wonder why they added this?
if If are or become sentient then isn’t this taxation without representation? Is Bernies supporting what I think this is called, slavery?😅 Things are going to get interesting with AI.