Spacex gets a terafab tax break – Breaking News & Latest Updates 2026
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Dominic Preston
SpaceX gets a Terafab tax break.

Grimes County, Texas, awarded the company a property tax exemption for its planned $55 billion Terafab semiconductor plant. Local residents seem to feel the same way about the project as many do about data centers, and this tax break won’t help. As local landowner Rhonda Nesloney put it in court:

“Elon was on the news bragging he’s about to be a trillionaire . . . and you want to consider giving him a tax abatement.”

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