Elon Musk's SpaceX and Tesla Are Building a $16.8 Billion Chip Factory 5 Times Bigger Than Earth's Largest Building. What Does That Mean for Both Stocks? - The Globe and Mail

Latest News About SpaceX and Tesla Plan Giant Chip Factory and Political Spending

SpaceX and Tesla are constructing a $16.8 billion chip manufacturing facility. The newly planned facility is five times larger than the biggest structure on Earth. SpaceX is also set to attempt a Starship tower catch in coming months. Its satellite service, Starlink, operates 11,000 satellites circling the planet.

New details on political and corporate plans for Elon Musk were recently outlined. Musk plans to contribute up to $200 million through America PAC for Republican midterm election campaigns. Musk also aims to get SpaceX IPO investors to buy subscriptions to Grok and buy advertising on X.

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