SpaceX secures 100% property tax exemption for Texas factory

SpaceX has secured a 100% property tax exemption for its $55 billion Terafab semiconductor factory in Texas. The company will pay $10 million upfront and $20 million annually for 35 years. County commissioners approved the deal four-to-one despite community concerns about transparency and infrastructure strain. Terafab will produce chips for Tesla vehicles, Optimus robots, and space-based data centers. Musk's companies lack semiconductor manufacturing experience.