SpaceX proposes a $24 billion initial gas-power and supercomputing project in Starbase, Texas; tax-abatement hearings are scheduled for December 9.

According to reporting on a November 9 Starbase municipal notice, SpaceX plans to build, own and operate a natural-gas power plant and supercomputing facility. The approximately $24 billion figure is an estimated capital investment for the initial project phase, not a disclosed financing closing or amount already spent.

The proposed site covers approximately 444 acres within Starbase’s jurisdiction, east of Brownsville, Texas. The notice describes potential construction in multiple phases, including subsequent expansion.

Public hearings are scheduled for December 9 to consider property-tax abatement and related economic-development agreements. The supplied reporting does not disclose electrical generation capacity, computing hardware, an operating date or final approval of those agreements.