SpaceX plans to invest about $24 billion in an AI computing complex and gas-fired power plant in Starbase, Texas. The proposed plant would have about 748 MW of capacity and 35 turbines. A public hearing on its requested tax incentives is scheduled for December 9, 2026.
It is unclear whether potential new restrictions on data centers would affect the project. Generating its own power would not necessarily exempt SpaceX from environmental or other regulatory requirements. SpaceX shares fell 12.52% over the two trading sessions after the November 3, 2026, midterm elections before partially recovering, according to TradingView data.
