Elon Musk buys land near Grimes County site
Elon Musk and SpaceX are assembling land for a Terafab chip plant in Grimes County, Texas, and nearby landowners are already trying to sell. SpaceX and Tesla say the facility will cover more than 100 million square feet and will employ at least 1,800 people, while state officials cite 3,000 jobs for the first phase. County commissioners approved a reinvestment zone and a 100% property tax abatement in 4-1 votes; SpaceX will pay $10 million upfront then $20 million annually for 35 years, alongside a $30 million state grant, creating fiscal and reporting disputes.
SpaceX will pay $20 million annually under a 35-year tax abatement
Context
SpaceX released renderings of the Terafab plant and announced size and job figures.…
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