India, Nov. 12 -- SpaceX (SPCX) is planning an estimated $24 billion investment in a natural gas-fired power plant and supercomputing facility at Starbase, Texas, according to a public hearing notice. The project is expected to be developed in multiple phases, with the possibility of further expansion.
The company has applied for a property tax abatement for the proposed facilities, which it would construct, own and operate. The Starbase City Commission is scheduled to consider the tax incentive and a related economic development agreement at a public meeting on December 9.
The notice did not specify the size or duration of the proposed tax relief, the plant's generating capacity or the computing facility's planned scale.
Building its ow...