Elon Musk's presence in Bastrop is expanding with a $17.3M investment from the Texas CHIPS Act for a facility's expansion.

Starlink, a division of Elon Musk’s rocket company SpaceX that provides satellite internet service across the world, received the second largest grant in a new state fund meant to support the semiconductor business in Texas.

Governor Greg Abbott said he approved the grant to support the Bastrop facility's expansion, which is expected to create over 400 jobs and $280 million in capital investment.

SpaceX is making a sizeable investment in its operations near the Texas capital, according to a Wednesday release from Texas Gov. Greg Abbott. Abbott announced the state will be chipping in with a $17.

SpaceX is set to invest more than $280 million in its Bastrop manufacturing facility, and a grant from the new Texas Semiconductor Innovation Fund will help fund the endeavor. Gov. Greg Abbott announced on March 12 that Elon Musk-led SpaceX will get $17.