SpaceX has proposed a $24 billion project that includes an AI supercomputer in Texas, powered by its own gas-fired power plant. The budget is roughly 17 times the value of the bitcoin the company holds, which puts its BTC exposure well below its AI infrastructure spend.
What the proposal includes
The proposal ties compute infrastructure to on-site power generation. What is known so far:
- Total budget: $24B
- Core asset: a supercomputer built for AI workloads
- Power: a gas-fired plant owned by the project
- Location: Texas
A breakdown of the budget between the supercomputer and the power plant, a construction timeline and the exact number of bitcoin SpaceX holds are not available yet.
What the Starbase city records show
The City of Starbase ordinances page in Texas lists a public hearing on December 9, 2026 on tax abatement and economic development agreements. The notice carries only the title, with no beneficiary or dollar figures, and does not mention the $24B project.
The same page shows a run of annexations approved by the city in 2026, following four annexations adopted on June 23, 2025:
Ordinance | Area annexed |
|---|---|
OR 2026-6 | about 6.6052 acres |
OR 2026-8 | about 29.68 acres |
OR 2026-10 | about 3.00 acres |
OR 2026-11 | about 1.00 acre |
OR-2026-25 | 444.46 acres |
OR-2026-26 (C-4 annexation) | 7,133 acres |
Beyond annexations, the council passed 2026 ordinances expanding the extraterritorial jurisdiction (OR 2026-5, OR 2026-7 and OR-2026-24), establishing a police department (OR 2026-4) and a municipal court (OR 2026-9), and adopting the 2026-2027 budget (OR-2026-22).
The city also adopted two Texas Enterprise Zone ordinances, on August 20, 2025 and November 19, 2025. Other listed notices include hearings on October 23 and 28, 2026 on annexing a city-owned 2-acre parcel and the SH 4 right-of-way, plus an RFP for police patrol vehicles with proposals due October 26, 2026.
The next public hearing on the calendar is November 18, 2026 for the Garcia North area annexation, followed by the December 9, 2026 hearing on tax abatements.
What bitcoin is worth right now
The 17 to 1 ratio depends on the BTC price, which moves with the market. Bitcoin trades at $74,253, 41% below its all-time high of $126,080, according to CoinGecko data.
Metric | Value |
|---|---|
BTC price | $74,253 |
24h change | -1.9% |
7d change | -5.0% |
All-time high | $126,080 |
Market cap | $1.49T |
24h volume | $22.9B |