[SpaceX Estimates Chip Factory to Cost at Least $55 Billion] According to Golden Finance, on May 7, SpaceX, under Elon Musk, estimates that the chip factory it plans to jointly build with Tesla will cost at least $55 billion, with total investment potentially exceeding the amount the rocket manufacturer aims to raise through a record-breaking initial public offering (IPO). According to a public hearing notice, the "next-generation vertically integrated semiconductor manufacturing and advanced computing production facility" may be located in Grimes County, Texas, USA. If all subsequent phases of the project are completed, the total capital investment is expected to rise to $119 billion.