{"id":913,"date":"2026-06-03T20:40:54","date_gmt":"2026-06-03T20:40:54","guid":{"rendered":"https:\/\/reliablemovingcrews.com\/?p=913"},"modified":"2026-06-03T20:40:54","modified_gmt":"2026-06-03T20:40:54","slug":"spacex-wins-texas-county-tax-incentives-for-terafab-chip-project-despite-local-opposition","status":"publish","type":"post","link":"https:\/\/reliablemovingcrews.com\/?p=913","title":{"rendered":"SpaceX wins Texas county tax incentives for Terafab chip project despite local opposition"},"content":{"rendered":"<div><div><div><ul><li>Summary<\/li><li>Companies<\/li><\/ul><\/div><div><\/div><\/div><div>ANDERSON, Texas\/NEW YORK, June 3 (Reuters) &#8211; SpaceX secured tax incentives on Wednesday for its proposed Terafab chip manufacturing project in Grimes County, Texas, despite \u200bfierce opposition from residents who warned the development could strain local resources \u200band transform the rural community.<\/div><div>The project is central to SpaceX&#8217;s \u2060efforts to expand beyond rockets and satellite communications into advanced computing infrastructure and \u200bdomestic chip production \u2014 ambitions that investors view as a major pillar of the \u200bcompany&#8217;s future growth.<\/div><div>Next week, SpaceX is expected to launch what could become the largest IPO in history, with investors closely scrutinizing whether the company can translate its dominance in space into new \u200bmarkets tied to AI and semiconductor manufacturing.<\/div><div>The company plans to fix its IPO \u200bprice at $135 per share to raise a record-setting $75 billion, a source familiar with the matter \u200ctold Reuters \u2060on Tuesday. SpaceX plans to target a valuation of $1.75 trillion in its blockbuster initial public offering.<\/div><div>The vote came after a heated hearing that drew more than 100 residents to the Grimes County courthouse. Speakers warned the project could strain \u200bwater and power supplies, \u200bharm wildlife and \u2060permanently alter the county&#8217;s rural character. One resident fought back tears while describing the potential impact of industrialization on \u200bthe community and environment.<\/div><div>Home to roughly 34,000 residents, Grimes County \u200bis characterized \u2060by sprawling ranches and open land. Residents said the proposed site near the Gibbons Creek Reservoir is defined by dark night skies, abundant wildlife and a quiet \u2060agricultural \u200blifestyle.<\/div><div>&#8220;They sold out Grimes County,&#8221; one person said \u200bas hearing attendees streamed out of the room after the votes.<\/div><div><address><div><div><noscript>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"120\" height=\"120\" alt=\"Akash Sriram\" class=\"wp-image-503\" src=\"https:\/\/reliablemovingcrews.com\/wp-content\/uploads\/2026\/05\/7be3927b7b4b91d86b58b7105eef0a24.avif\"\/><\/figure>\n<\/noscript><\/div><div>Akash Sriram<\/div><\/div><div><ul><li><span><div><svg><title>Email<\/title><\/svg><\/div><\/span><\/li><li><span><div><svg><title>X<\/title><\/svg><\/div><\/span><\/li><li><span><div><svg><title>Instagram<\/title><\/svg><\/div><\/span><\/li><li><span><div><svg><title>Linkedin<\/title><\/svg><\/div><\/span><\/li><\/ul><\/div><\/address><\/div><\/div><p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=911\">Trump says he plans to make Blanche permanent AG, calls him \u2018very talented guy\u2019<\/a><\/p><p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=909\">US tells Europe, Canada to boost NATO air and naval forces as Washington steps back<\/a><\/p><p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=907\">Fed Governor Cook declared her Atlanta property as \u201cvacation home,\u201d documents show<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>SpaceX secured tax incentives on Wednesday for its proposed Terafab chip manufacturing project in Grimes County, Texas, despite \u200bfierce opposition from residents who warned the development could strain local resources \u200band transform the rural community.<\/p>\n","protected":false},"author":1,"featured_media":912,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-913","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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