SpaceX (SPCX) Stock: Company Eyes Massive 1 Gigawatt AI Data Center in Texas

Key Takeaways

Table of Contents

SpaceX has begun actively planning a minimum of one massive data center facility in Texas with 1 gigawatt of computing power
The proposed facility would equal or surpass the company’s current Memphis operation, which houses two active data centers
The aerospace firm is evaluating several Texas locations, weighing options between ground-up construction and converting existing warehouses
Personnel from existing data center operations have already been transferred to Texas ahead of the project
SPCX shares declined 0.39% to $123.06 during Wednesday trading

SpaceX has accelerated efforts to establish a significant data center presence in Texas, according to Wednesday reporting from The Information.

Space Exploration Technologies Corp., SPCX

The proposed installation aims to deliver approximately 1 gigawatt of computational power. This scale would rival or potentially surpass the company’s current Memphis-region operations, which maintain two functioning data centers.

Over recent months, the aerospace company has surveyed numerous prospective locations throughout Texas. Under consideration are both greenfield construction projects and the conversion of pre-existing warehouse infrastructure.

SpaceX has taken concrete steps by relocating certain data center personnel to Texas, indicating the project has advanced beyond preliminary planning phases.

SPCX shares traded at $123.06, down 0.39%, at Wednesday’s publication time. The Nasdaq index similarly retreated, dropping 0.31% during the session.

Lone Star State Move Follows Recent AI Partnerships

This Texas expansion follows SpaceX securing artificial intelligence computing agreements with Anthropic during May and Google in June. These partnerships represented a strategic pivot toward generating revenue from AI infrastructure alongside its primary aerospace operations.

Simultaneously, the company is constructing an expansive 11-million-square-foot “Gigasat” production center in Bastrop, Texas. This facility will manufacture space-based AI data centers utilizing solar power, minimizing reliance on terrestrial electrical infrastructure.

Market observers are monitoring potential negotiations with the Pentagon regarding computing capacity provision, which would introduce a government contract revenue component to its emerging AI business segment.

August Brings Earnings Disclosure and Lock-Up Expiration

SpaceX shares climbed 3% Tuesday, ending a seven-session decline, following confirmation that its inaugural earnings disclosure is scheduled for August 4. This date carries implications extending beyond financial performance.

The earnings announcement will initiate the first phase of SpaceX’s post-public offering lock-up expiration timeline. As many as 911.5 million shares—constituting 20% of restricted stock—could enter market circulation on 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 report, an additional 10% of locked shares could be released, according to CNBC.

Regarding launch operations, SpaceX has scheduled a Falcon 9 mission deploying 24 Starlink satellites after postponing an earlier launch window. A Starship test flight is also planned for Thursday following an engine ignition anomaly that triggered a previous launch abort.

SpaceX declined to provide comment to Reuters regarding the Texas data center development plans.

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