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00:02SpaceX plans to invest more than $74 billion in two supercomputing campuses in Texas and Arizona
00:10as it expands its artificial intelligence operations, according to Reuters.
00:14The company plans to spend more than $24 billion at its Starbase site in Texas
00:19and roughly $50 billion in Cochise County, Arizona.
00:24The Arizona project requires county approval and faces opposition from residents.
00:29SpaceX said it was working with local electric cooperatives
00:32to potentially reduce members' electricity bills by up to 20%.
00:36The Texas facility would generate its own electricity through a gas-fired power plant.
00:42SpaceX's AI business accounted for more than half of its third-quarter revenue,
00:47surpassing its rocket and satellite businesses.
00:49For all things money, visit Benzinga.com.
