Tesla and SpaceX commit $16.8B to first phase of Terafab in Grimes County

Tesla and SpaceX said on August 6, 2026 that they would invest $16.8 billion in the first phase of Terafab, now sited in Grimes County, Texas, outside Houston. The site is expected to employ at least 3,000 people. SpaceX has filings that suggest up to $119 billion across a multi-phase plan, but it is not clear what share of that is Tesla's.

• First-phase initial investment $16.8 billion
• Site: Grimes County, Texas, outside Houston
• At least 3,000 jobs planned
• SpaceX filings suggest up to $119B across multiple phases; Tesla share unclear