SpaceX plans to invest $24 billion in Texas to build data centers and natural gas power plants.

According to a hearing notice posted on the website of the City of Starbase, Texas, Musk's SpaceX plans to build, own, and operate a gas-fired power plant and a supercomputing facility in Starbase, where the company is located. The project is expected to involve an initial investment of $24 billion. The Starbase City Commission will consider a tax abatement and development agreement at its December 9 meeting. The plan shows that Musk is seeking vertical integration of SpaceX's natural gas value chain. Natural gas is the primary power-generation fuel used by data center developers to bring facilities online as quickly as possible. SpaceX also plans to use cryogenically cooled and purified natural gas in some rocket launches.