Texas signs tax agreement, advancing SpaceX's TeraFab chip plant to agreement phase
elonmusk · x · 2026-08-26
SpaceX's TeraFab project has reached a significant milestone in Texas with the official release of a fully executed 34-page tax agreement.
- Project Scope: TeraFab is described as a next-generation, vertically integrated semiconductor manufacturing and advanced-computing facility.
- Timeline: Construction is scheduled from December 1, 2026, through December 31, 2028.
- Tax Incentives: A 10-year incentive period runs from 2029 to 2038; property value for school district M&O taxes is limited to zero during construction and 50% of market value during the incentive period.
- Bond: A $12.98 million performance bond is required.
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