Elon Musk ’s SpaceX has announced its plans to invest more than $74 billion in to of its artificial intelligence computing campuses in Texas and Arizona . The projects also include a proposed $50 billion campus in Arizona which would create 6,500 jobs but is facing opposition from local residents, according to a report by Reuters. In a statement on November 12, SpaceX said that it expects to spend more than $24 billion on a supercomputing facility at its Starbase site in Texas and approximately $50 billion on a second campus in Cochise County, Arizona.
With this investment the company aims to expand its ambitions beyond rockets and Starklink satellite internet.
The two campuses in which SpaceX is planning to invest is said to expand the computing infrastructure of the company as it continues to invest in AI capabilities along with its present space and communications businesses. As per the Reuters report, the planned investment from SpaceX comes at a time when AI computing is becoming a crucial and important part of SpaceX’s business. The AI segment of the company generated more than half of its revenue in the third quarter, this clearly highlights its increasing focus beyond rocket launches and satellite internet services.