SpaceX plans to invest $74 billion to expand computing capacity in Arizona and Texas.

SpaceX plans to build two supercomputing facilities to strengthen its rapidly growing artificial intelligence business, including a new $50 billion project in Arizona. The company led by Elon Musk announced the investment plans on its website on Thursday and confirmed a proposed $24 billion investment to build a computing facility near its Starbase headquarters in Texas. The infrastructure projects, totaling $74 billion, also include building, owning and operating a gas-fired power plant at the Texas project site. SpaceX said construction of the Texas data center has already created more than 3,000 construction jobs and is expected to permanently employ 500 people once the data center is operational. In Cochise County, Arizona, the company expects to create about 5,500 construction jobs and 1,000 permanent positions.