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SpaceX Proposes $55 Billion Terafab Chip Manufacturing Facility in Texas
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SpaceX Files $55 Billion Terafab Chip Plant in Texas

Elon Musk’s company, SpaceX planning to invest $55 billion to build a huge semiconductor factory in Texas. The project is called “Terafab” and is being developed in collaboration with Tesla. The new factory will make advanced computer chips and powerful computing systems in the United States. These chips are important for artificial intelligence (AI), self-driving cars, robots, and data centres. SpaceX said the total investment could later grow to $119 billion if more phases of the project are completed.

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$1B Secret Service Upgrade Plan, Trump Ballroom Included
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$1B Secret Service Upgrade Plan Includes Trump Ballroom

The Republican members of the Senate are planning to allocate around $1 billion to upgrade the United States’ security services. One significant feature of the plan is that the upgrade might involve some construction work on a ballroom in the White House, an idea Donald Trump had raised earlier. According to Trump, the project might cost him up to $400 million and be financed through donations, although it’s uncertain whether taxpayers’ funds would be involved.

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US Lawmakers Face Pressure on DHS Funding
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House Republicans Divided Over DHS Funding Plan

House Republicans remain divided over the proposed funding bill for the Department of Homeland Security. Disputed House Republicans delayed progress on many key budget decisions. At the same time, lawmakers are also being asked to make much-needed funding decisions for agencies that rely on funding before a deadline on September 30th.

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Tesla Sees Profit Growth Amid EV Challenges
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Tesla Q1 Profit Climbs Despite EV Demand Pressure

In the core segment of the automotive industry, pressure persists despite Tesla’s electric vehicles reporting a profit rise in the first quarter, after a poor year for electric-vehicle demand. Net income was about $477 million, up 17% year-on-year, driven by higher margins and tight cost controls.

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Amazon Strengthens Satellite Push with Globalstar
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Amazon to Acquire Globalstar in $11.57B Deal

Amazon has made a significant investment in the realm of space technology, with an $11.57 billion acquisition of Globalstar. In this way, they can use Globalstar’s starlight infrastructure, spectrum rights, and other resources to further develop its own space ambitions.

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