SpaceX stock draws focus with proposed $24 billion Texas AI complex

SpaceX stock is in focus after Reuters reported on November 9, 2026, that the company plans a gas-fired power plant and super-compute facility in Starbase, Texas. The proposal would combine electricity generation with computing infrastructure at a site owned and operated by SpaceX.

SpaceX stock traded at 127.71 euros on Lang & Schwarz at 16:40 CET on Tuesday, November 10, 2026.

Project seeks local incentives

According to Reuters, the initial phases are estimated to require 24 billion US dollars. The project may be built in multiple phases and could include future expansions, while the public notice does not disclose the requested tax abatement's size or duration.

The Starbase City Commission is scheduled to consider the property tax abatement and a related economic development agreement at a public meeting on December 9. The hearing is the next visible milestone for the proposal, but it does not itself approve either agreement.

Power could support AI expansion

Building a dedicated plant could help SpaceX avoid a long wait for a connection to the Texas power grid. Reuters said the notice did not specify the plant's generating capacity or the scale of the computing operation.

SpaceX affiliate Lone Star Mineral Development has also filed plans for an eight-mile natural gas pipeline to Starbase, with service scheduled for January 2027. Reuters reported that the pipeline would support a planned facility producing liquid methane for Starship rockets.

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