SpaceX Plans More Than $74 Billion in Texas, Arizona Data-Center Investments

By Elias Schisgall

SpaceX is planning to invest more than $74 billion across two supercomputing facilities in Texas and Arizona.

The company on Thursday said it plans to spend around $24 billion on a data center in the Rio Grande Valley in Texas that will train frontier artificial-intelligence models. That project is being built on SpaceX-owned land and will generate its own electricity rather than drawing from the grid, the company said.

The other proposed project is a roughly $50 billion campus in Cochise County, Ariz. SpaceX said it is working with local electric cooperatives in Arizona and pursuing approval for the project with a goal of lowering electricity bills for cooperative members.

SpaceX's investment plans come after widespread Democratic victories in the midterms, including in Texas, where the company is headquartered. Democratic Governor-elect Gina Hinojosa has been critical of data centers, though Wall Street analysts largely expect her to allow projects that have received permits or broken ground to continue.

SpaceX CEO Elon Musk had spent more than $440 million to support Republicans in the midterms, including more than $150 million in support of Republican Ken Paxton's unsuccessful Senate campaign in Texas.

The company said Thursday that the Texas project has already created more than 3,000 construction jobs and is expected to support more than 500 permanent jobs. SpaceX also touted its investments in water and wastewater infrastructure and environmental cleanups in the area.

The project "represents an extraordinary opportunity for South Texas," SpaceX said. "Realizing its full potential will require a stable, competitive, and supportive policy environment that allows projects of this scale to move forward."

SpaceX said the proposed Arizona project would bring around 5,500 construction jobs and 1,000 permanent jobs. The project will "leverage existing renewable energy investments, strengthen regional grid infrastructure, and potentially reduce electricity bills for cooperative members by up to 20%," SpaceX said.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

November 12, 2026 12:13 ET (17:13 GMT)