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Musk-linked shell company reportedly buys land outside Houston, chip factory may be located here

2026-06-02 16:39

Odaily Planet Daily News A shell company linked to Elon Musk has purchased property in a rural area outside Houston, Texas in recent weeks, suggesting it may be finalizing the site for a planned $55 billion chip factory, Terafab. The Terafab project, jointly promoted by SpaceX, Tesla, and xAI, aims to provide chip support for artificial intelligence and robotics projects, with a total investment of up to $119 billion.

Land registration records show that the company, named "WIT Tech LLC," has purchased at least 6 plots of land in Grimes County, with a total area exceeding 6,000 acres (equivalent to nearly 10 square miles). The transaction amount has not yet been disclosed. (Jinshi)