SpaceX wins 100% tax break for $55B AI chip plant amid Texas backlash

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Source: Financial Times
SpaceX wins 100% tax break for $55B AI chip plant amid Texas backlash
Photo: Financial Times
TL;DR Summary

SpaceX won a 100% property tax abatement and reinvestment zone designation for its planned $55 billion Terafab semiconductor facility near Houston, promising about 1,800 jobs, but drew strong opposition from Grimes County residents who warn of environmental and social impacts and have threatened legal action.

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