Elon Musk will present Terafab, his planned Texas chip plant to prototype memory and logic wafers for Tesla’s Optimus robots, at ASML’s June 11 event. SpaceX’s IPO pricing, targeting $75 billion at a $1.77 trillion valuation, is due the same day and could free capital for Tesla expansion.
Elon Musk is slated to speak virtually at ASML’s June 11 internal conference to detail Terafab, a planned Texas chipmaking facility that will prototype logic and memory wafers and eventually supply Tesla’s Optimus robots as part of a broader semiconductor ecosystem collaboration.
The initial public offering of SpaceX is set for announcement later on June 11, targeting $75 billion in proceeds at an approximate $1.77 trillion valuation, with listings expected under the SPCX ticker on the Nasdaq.
Terafab’s integration with ASML tools and Intel cooperation could secure Tesla’s in-house chip supply and reduce external dependencies, while proceeds from SpaceX’s IPO may free additional funding for Tesla’s vehicle and robotics expansion plans.
Benzinga
