Key Highlights
- SpaceX is developing plans for a major data center facility in Texas with 1 gigawatt of computing power
- The proposed facility would rival the company’s current Memphis operations, which house two data centers
- Multiple Texas locations are under evaluation, including greenfield construction and warehouse conversion options
- The company has already transferred data center personnel to Texas as part of preparations
- SPCX shares declined 0.39% to $123.06 during Wednesday’s trading session
SpaceX is advancing initiatives to construct at least one significant data center in Texas, based on Wednesday reporting from The Information.
Space Exploration Technologies Corp., SPCX
The proposed data center would deliver approximately 1 gigawatt of computational power. This scale would equal or surpass the company’s current Memphis-region operations, where two data centers are presently functioning.
In recent months, the aerospace company has evaluated numerous prospective locations throughout Texas. Under consideration are both ground-up construction projects and the conversion of existing warehouse space.
SpaceX has initiated the relocation of certain data center employees to Texas, indicating the project has progressed beyond preliminary discussions.
SPCX shares were down 0.39% at $123.06 when markets closed on Wednesday. The Nasdaq Composite also posted losses, declining 0.31% for the session.
Texas Initiative Follows Strategic AI Partnerships
This Texas development follows SpaceX’s artificial intelligence computing agreements with Anthropic in May and Google in June. These partnerships represent a strategic shift to generate revenue from AI infrastructure alongside its traditional launch and satellite operations.
Additionally, SpaceX is constructing an expansive 11 million-square-foot “Gigasat” manufacturing center in Bastrop, Texas. This facility will produce space-based AI data centers powered by solar arrays, minimizing reliance on terrestrial electrical grids.
Market observers are also monitoring potential negotiations with the Pentagon regarding computational capacity provision, which could establish a government-backed revenue channel for its expanding AI operations.
August Brings Earnings Debut and Lock-Up Expiration
SpaceX stock climbed 3% on Tuesday, ending a seven-session decline, following confirmation that its inaugural earnings release is scheduled for August 4. This date carries significance beyond standard financial disclosures.
The earnings announcement will activate the initial phase of SpaceX’s post-IPO lock-up expiration timeline. As many as 911.5 million shares—equivalent to 20% of restricted stock—could enter the market starting August 6.
An additional provision exists: should the stock maintain a closing price at least 30% above its IPO level for five out of ten trading sessions preceding the earnings report, an extra 10% of locked shares could be freed for trading, according to CNBC.
Regarding launch activities, SpaceX is preparing a Falcon 9 mission to deploy 24 Starlink satellites following a previous scrubbed attempt. A Starship launch is also on the schedule for Thursday after an earlier abort caused by an engine ignition anomaly.
SpaceX has not provided commentary to Reuters regarding the Texas data center development.
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