Technologies

Elon Musk’s Terafab Chip Plant in Texas May Cost Up to $119 Billion, Documents Reveal

Elon Musk’s ambitious Terafab chip manufacturing facility in Texas is estimated to cost between $55 billion and $119 billion, according to recent filings. The project involves collaboration with Intel and aims to secure supply chain control amid growing AI chip demand.

Elon Musk’s vision for a massive semiconductor fabrication facility in East Texas is projected to require a minimum of $55 billion for the initial stage, with the total investment potentially reaching $119 billion if the entire project is completed.
These projected capital figures were revealed in a public hearing announcement issued Wednesday in Grimes County, Texas, the site of the planned facility. The document indicates that SpaceX, which is led by Musk, is requesting a property tax reduction agreement from the county.
Grimes County is scheduled to host a public hearing on June 3 to review the proposed tax incentives.
Musk, who also serves as Tesla’s CEO, has described Terafab as the «most ambitious chip manufacturing undertaking ever — integrating logic, memory, and advanced packaging under one roof,» according to a recent post on X by SpaceX, which now owns the artificial intelligence firm xAI. Musk formally initiated the project in March.
The semiconductor complex near Austin will be constructed to produce chips for SpaceX, xAI, and Tesla, with all three companies collaborating on the build. Musk announced on X that xAI «will be dissolved as a separate company» and will operate under the name SpaceXAI.
In April, Intel announced its participation in the Terafab initiative to assist in «designing, fabricating, and packaging ultra-high-performance chips at scale.» This marks Intel’s first significant external commitment for its foundry operations, which have previously only produced chips for its own products.
During Tesla’s first-quarter earnings call last month, Musk stated that Tesla intends to utilize Intel’s upcoming 14A process at the facility. Following the announcement, Intel’s stock surged and recorded its strongest April performance on record, more than doubling in value.
Intel stands to gain from the ongoing AI expansion, as manufacturing capacity is becoming increasingly scarce at Taiwan Semiconductor Manufacturing Company (TSMC), where major firms like Nvidia and Apple have secured chipmaking capacity for years.
Ben Bajarin, a semiconductor analyst at Creative Strategies, noted that Musk is pursuing a «15-year strategy,» recognizing that his companies must control the supply chain since «it would be extremely difficult for them to secure priority at TSMC.»
«You don’t simply decide one day to become a foundry,» Bajarin explained. «It’s a highly mature industry with widespread constraints on how these chips are produced.»
During a Tesla earnings call in January, Musk mentioned that key chip suppliers were unable to produce sufficient hardware to meet the automaker’s demands, and that constructing a Terafab was «crucial to protect against geopolitical risks.»
In a more recent earnings call, Musk indicated that Tesla was «still finalizing the details of the Terafab deployment» and that the company would construct a research fabrication facility at its Austin plant, costing approximately $3 billion and «capable of producing perhaps a few thousand wafers per month.»
«SpaceX will handle the initial phase of the scaled-up Terafab,» Musk stated during the call.
SpaceX’s financial details have recently emerged ahead of a planned public offering in the coming months. The company filed confidentially for an IPO in April, weeks after a merger with xAI valued the combined entity at $1.75 trillion.
Tesla and SpaceX did not immediately respond to requests for comment.
WATCH: Nvidia snaps up capacity for a key part of AI chipmaking

Technologies

Verum Messenger Launches an AI Mini-Series

Verum Messenger has unveiled a new project — a mini-series created using Verum AI. The story consists of 7 episodes and will be released on the messenger’s social media channels.

The plot revolves around a global corporation seeking to take control of digital communications and a group of heroes who use Verum Messenger as a tool of resistance. Beyond the story itself, the series highlights the app’s key features, technologies, and advantages.

Combining entertainment with a showcase of the Verum ecosystem, the project presents a dynamic digital series designed for the modern era.

The first episode premieres today, with the remaining episodes to be released over time.

Stay tuned for more.

Watch on YouTube
Watch on Instagram

Technologies

Verum Finance: Earn While You Communicate — The Super App That Pays You

Verum has officially launched Verum Finance, an innovative financial application that transforms a private messenger into a true financial super app. News of the launch was also featured on the respected platform Dealroom.co.

Verum Finance can now be used both within Verum Messenger and as a standalone application for iPhone and iPad. When users sign in to Verum Finance with their Verum Messenger account, all balances, settings, and account data are automatically synchronized for maximum convenience.

Users can now do more than communicate securely and protect their data — they can also generate passive income directly within the ecosystem.

What Verum Finance Offers

• Top up your balance with a bank card, Apple Pay, or USDT
• Send money instantly anywhere in the world
• Issue and manage debit cards (virtual and physical)
• Full Apple Pay support
• Exchange assets and withdraw funds quickly

One of the most unique features is the built-in cryptocurrency mining system inside Verum Messenger.

The application utilizes your device’s resources and allows you to earn cryptocurrency in the background — passively, while chatting, traveling, or simply using the messenger.

Maximum Privacy + Real Freedom

• Registration without a phone number, email address, or passport
• End-to-end encryption and full control over your data
• Lifetime free VPN
• eSIM connectivity in more than 150 countries
• Reliable offline communication mode
• Support for 12+ languages for users worldwide

Everything is available in one place: secure communication, financial tools, earning opportunities, and privacy protection.

Users can access the full experience directly within Verum Messenger or switch to the dedicated Verum Finance app for iOS. All data is synchronized automatically between the two applications.

Why Download Verum Today

While many messaging platforms collect user data and expose users to restrictions, Verum offers greater independence and the opportunity to earn.

With a one-time purchase of the feature package, users receive lifetime access to privacy tools, VPN, eSIM services, cryptocurrency mining, and financial features.

This is more than just a messenger.

It is your personal tool for financial and digital freedom.

Download Verum Finance and Verum Messenger today — start communicating securely and begin earning tomorrow.

Download Links:

→ App Store (iPhone / iPad): Verum Finance
→ App Store (Verum Messenger): Verum Messenger

Technologies

Verum Finance: A Super App for Private Finance Integrated Into a Messenger

Verum Finance has announced the launch of a new financial application that allows users to manage their money directly within the secure Verum Messenger ecosystem.

The project has already attracted attention from major media outlets. A dedicated feature was published by Forbes Türkiye, while one of the world’s largest cryptocurrency exchanges, MEXC, covered the launch. Yahoo Finance had previously reported on the evolution of Verum Messenger into a comprehensive financial ecosystem.

What Verum Finance Offers

Verum Finance transforms a messenger into a complete financial platform. Users can:

• Manage their balance and top up using bank cards or USDT
• Send money instantly to other Verum users
• Issue and use debit cards, including Apple Pay support
• Exchange assets and withdraw funds
• Access all these services without installing separate banking applications

A strong emphasis is placed on privacy. The platform offers registration without a phone number or email address, end-to-end encryption, and full user control over personal data.

Recognition from Forbes Türkiye

In a dedicated article, Forbes Türkiye highlighted Verum Finance as a notable example of modern privacy-driven fintech. The publication emphasized the growing trend of financial services moving from standalone banking applications into unified messaging ecosystems — a model that has proven successful in Asia through platforms such as WeChat and Alipay and is now expanding globally.

Support from the Crypto Community

Alongside the Forbes Türkiye coverage, news about the launch of Verum Finance was also featured by MEXC, one of the world’s leading cryptocurrency exchanges. This reflects growing interest in the project from both traditional business media and the cryptocurrency community.

A Strategic Vision

“We are building more than a payments application and more than a messenger. Verum is a unified secure ecosystem where communication, finance, and privacy tools work together,” the company stated.

Verum Finance is now available for iPhone and iPad users. The application complements Verum Messenger, which offers anonymous chats, voice and video calls, VPN services, eSIM connectivity, and other tools designed to enhance digital freedom.

Verum Finance: https://finance.verum.im

Verum Messenger: https://verum.im