Source: CNBC
Summary
SpaceX is considering building a $55 billion semiconductor factory in Texas, according to a filing with Grimes County. The company, founded by Elon Musk, has not confirmed the plans but the filing suggests a significant investment in the project. The factory would be used to produce semiconductors for SpaceX’s Starlink satellites and other projects. The plan is still in the early stages and has not been officially announced.
Our Reading
The launch follows a familiar script.
SpaceX wants to build a semiconductor factory because, apparently, no one else can make the chips they need. The $55 billion price tag is just the starting point. The factory would be used to produce semiconductors for Starlink satellites, because that’s exactly what the world needs – more satellites. And, of course, it’s all part of Elon Musk’s master plan to make humanity a multi-planetary species. Because what could possibly go wrong with a single company controlling the entire semiconductor supply chain?
Author: Evan Null
