SpaceX said on Thursday it plans to invest more than $74 billion in two supercomputing campuses, its Starbase site in Texas and in Cochise County, Arizona, expanding its AI computing ambitions alongside rocket and satellite businesses.
\n\nThe AI segment of the Elon Musk-led company, which went public in June, generated more than half of its revenue in the third quarter, highlighting how far the business has moved beyond rockets and Starlink satellite internet.
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\n\nSpaceX expects to spend more than $24 billion on the Starbase site and roughly $50 billion on the Arizona campus, it said in a statement.
\n\nThe Arizona campus, which needs approval from Cochise County, would create about 5,500 construction jobs and 1,000 permanent jobs.
\n\nSpaceX said it was working with local electric cooperatives and the project could cut bills for cooperative members by up to 20%. It said the campus would use dry cooling, with no planned industrial groundwater use.
\n\nThe facility, however, faces some opposition. A petition with 2,400 signatures has asked officials to deny the permit, and a county public hearing is set for December.
\n\nThe Starbase facility would generate its own electricity rather…
Original source: https://www.cnbctv18.com/technology/
