SpaceX, targeting a $1.77 trillion valuation, just got a 100% property tax exemption for a planned factory in Texas
Key takeaways
- Space X has worked out a deal with officials in Grimes County, Texas to completely forego paying property taxes on its $55 billion Terafab semiconductor chip manufacturing facility.
- Robert Kiyosaki says this 1 asset will surge 400% in a year and begs investors not to miss this ‘explosion’
- Prime US real estate was a rich person s game — then something changed.
Space X, targeting a $1.77 trillion valuation, just got a 100% property tax exemption for a planned factory in Texas Chris Morris Sat, June 6, 2026 at 8:10 PM GMT+7 4 min read SPAX.PVT Space X’s looming debut on the Nasdaq marketplace might be center stage right now, but the rocket/AI company is continuing operations as that IPO draws near — and not all of its actions are winning it fans.
Space X has worked out a deal with officials in Grimes County, Texas to completely forego paying property taxes on its $55 billion Terafab semiconductor chip manufacturing facility. Instead, the company will pay a $10 million lump sum to the county (1), followed by $20 million for the next 35 years.
Robert Kiyosaki says this 1 asset will surge 400% in a year and begs investors not to miss this ‘explosion’