SpaceX Plans $24 Billion AI Supercomputer in Texas, Dwarfing Its $1.39 Billion Bitcoin Holdings
Elon Musk’s SpaceX is planning a massive AI supercomputer powered by its own natural gas plant, with a price tag roughly 17 times the value of its Bitcoin reserves.
Elon Musk is thinking big again. This time, SpaceX is proposing a $24 billion artificial intelligence supercomputing facility in Starbase, Texas, complete with its own power plant.
The project would combine a massive AI data center with a natural gas facility capable of generating 748 megawatts of electricity using 35 turbines.
That’s enough generating capacity to power hundreds of thousands of homes, although SpaceX intends to use the electricity for its own computing operations.
Bigger Than SpaceX’s Bitcoin Fortune
SpaceX is also one of the world’s notable corporate Bitcoin holders, with approximately 18,712 BTC valued at $1.39 billion as of November 9, 2026.
Put that into perspective: the proposed $24 billion AI project costs roughly 17 times the company’s entire Bitcoin holdings.
The comparison highlights just how much money major technology companies are committing to artificial intelligence infrastructure.
Why SpaceX Wants Its Own Power Plant
AI supercomputers require enormous amounts of electricity to process data, train models, and operate around the clock.
Rather than relying entirely on Texas’s electricity grid, SpaceX proposes building and operating its own natural gas power plant alongside the data center.
The project follows a broader industry trend. AI company Anthropic recently agreed to purchase 1.7 gigawatts of gas-powered generation equipment for approximately $3.4 billion.
Technology companies are increasingly investing directly in electricity generation to support their expanding AI operations.
Elon Musk’s AI Empire Keeps Growing
The proposal follows SpaceX’s February merger with Musk’s artificial intelligence company, xAI, in a transaction valuing the combined business at approximately $1.25 trillion.
SpaceX subsequently went public in June 2026.
The proposed Texas supercomputer represents another major investment in the infrastructure supporting Musk’s expanding AI operations.
Texas Regulators Have Questions
The project still faces regulatory considerations.
Starbase officials are reviewing a proposed property tax abatement, with a public hearing scheduled for December 9.
Meanwhile, Texas has paused new data center grid connections pending a regulatory audit examining electricity demand, water usage, and community impacts.
The review also covers facilities generating their own electricity, meaning SpaceX’s proposed gas plant remains subject to regulatory scrutiny.
Bitcoin, AI, and the Race for Computing Power
The SpaceX proposal highlights the growing financial scale of artificial intelligence infrastructure.
With $24 billion earmarked for a single Texas project, the investment dwarfs the company’s $1.39 billion Bitcoin treasury.
For the cryptocurrency industry, the comparison offers a striking illustration of the capital flowing into computing infrastructure as Bitcoin and AI continue to occupy increasingly prominent positions in the technology economy.