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Musk Says He Needs 50x the World's Chips

Business Onion · 2:50

By Elon Musk's math, every chip factory on Earth put together makes about twenty gigawatts of computing power a year. He says he needs a thousand. So on March 21st, 2026 he announced Terafab — and on August 6th, SpaceX and Tesla confirmed the site in Grimes County, Texas. First phase: $16.8 billion. Finished: more than a hundred million square feet. The reason isn't robots, and it isn't cars. It's that he intends to move the data centers off the planet. Part 1 of 4.

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