Welp, that happened faster than I predicted. Thought it would be end of 2027, then early 2027, but agentic traffic growing so fast that bots have now passed human traffic online for the first time in the Internet's history. https://t.co/2zX5bHdhsa
BREAKING: Ontario recorded its steepest drop in labour force participation since 1976 excluding the pandemic, with 71,300 people leaving the workforce in the first quarter of 2026 according to the Financial Accountability Office of Ontario โ Global News
Something that perhaps isnโt clear is that, if this location works out (other locations are still in the running), SpaceX will still be paying an annual amount that increases tax revenue for Grimes County by ~25% and will be by far the biggest source of revenue for the county.
Taking into account taxes paid by SpaceX employees and contractors, Terafab will far exceed ALL revenue that Grimes County currently earns!
The reason SpaceX asked for this, which is standard practice for massive capital investments, is because Terafab will have a large number of extremely expensive machines for making chips. Property tax on these crazy money machines would put us at a serious competitive disadvantage relative to other chip fabs in the world.
SpaceX has just revealed that it purchased $269 million worth of @Tesla Megapacks in April 2026, according to a new filing.
This is on top of the $430 million worth of Megapacks that SpaceXAI bought last year.
SpaceX has just officially announced that it plans to raise $74.4 billion in its IPO, targeting a $135 per-share price and selling approximately 555.55 million shares, according to a new SEC filing.
That would give @SpaceX a target IPO valuation of about $1.75 trillion.
SpaceX: "We expect to receive approximately $74.4 billion of net proceeds from this offering (or $85.7 billion if the underwriters exercise their option to purchase additional shares of Class A common stock in full), based upon the expected initial public offering price of $135 per share, after deducting underwriting discounts and commissions and estimated offering expenses payable by us."
Note: All of these numbers are subject to change before IPO. Filing below: