SpaceX IPO prices the last heavy news! It is rumored that Musk will airdrop at the closed-door summit of ASML Holding NV ADR (ASML.US), revealing the "chip empire" Terafab.

According to reports, Tesla, Inc. (TSLA.US) and SpaceX (SPCX.US) CEO Elon Musk will make a secret appearance at ASML Holding NV ADR's internal annual technical conference on Thursday via video link. In this closed-door meeting, Musk will have a fireside chat with ASML Holding NV ADR's new CEO Christophe Fouquet, detailing the latest developments and vision of his ambitious semiconductor manufacturing project, "Terafab", to thousands of core employees. It is worth noting that this summit, marking Musk's official foray into chip manufacturing, coincides with one of the biggest milestones in global tech history: SpaceX's highly anticipated initial public offering (IPO) is also expected to finalize its pricing later on Thursday. Unveiling Terafab: Ambitious $55 billion "in-house chip" project Musk's "Terafab" project, initially launched in March 2026 by SpaceX, Tesla, Inc., and xAI, has seen its initial capital expenditure budget soar to a staggering $55 billion, making it one of the most expensive semiconductor factory plans in U.S. history. If the subsequent expansion phases are completed, total capital expenditure could reach as high as $119 billion. The project has submitted a property tax exemption application to the Travis County government in Texas, and Intel Corporation will provide the 14A process technology license for Terafab. Vertical integration full-stack ambitions According to the project plan, Terafab is located near Tesla, Inc.'s headquarters and super factory in Austin, Texas, and aims to be a "vertically integrated" chip factory covering all aspects of chip design, reasoning and manufacturing, packaging, and testing. Musk said, "The speed of iterative improvements in this facility may be an order of magnitude faster than any other model globally." ASML CEO Fouquet confirmed in an interview last month that he had direct communication with Musk on the Terafab project, and Musk's attitude towards building the largest chip manufacturing base in history is "very serious." Fouquet also warned that the skyrocketing demand for AI will lead to long-term capacity shortages in the global semiconductor industry, and large-scale projects like Terafab will continue to squeeze equipment suppliers' capacity. According to Musk's outline, Terafab will ultimately independently produce 2 nanometer (2nm) and more advanced logic and memory chips, aiming to completely eliminate the reliance on external foundries such as Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR (TSM.US). Terafab differs from the traditional wafer outsourcing model. Musk aims to reshape the chip supply chain, and his aggressive pace has fundamental differences with the traditional semiconductor industry. According to its business blueprint, customized silicon wafers produced by Terafab will primarily supply two major end markets: space and the Starlink network, providing core processors with radiation resistance and high computing power for SpaceX's Mars ships, next-generation carriers, and Starlink satellite constellations. AI and humanoid Siasun Robot & Automation: Empowering Tesla, Inc.'s Full Self-Driving (FSD) autonomous driving system and the Optimus humanoid Siasun Robot & Automation, which Musk has high hopes for. Musk's ultimate goal is for the project to support up to 1 terawatt of computing power annually. To advance this project, Musk has confirmed that SpaceX will collaborate with Intel Corporation (Intel) on technology. Earlier this year, Terafab began construction of an initial research and development base in Texas, focusing on the crucial lithography masks for in-house semiconductor manufacturing, in order to achieve ultra-high-speed prototyping of logic and memory chips under the same roof. ASML Holding NV ADR's "double-edged sword": Future huge orders vs. internal employee resistance waves For ASML Holding NV ADR, a company with a market value of approximately $668.4 billion and a dominant position in European tech stocks, Musk is undoubtedly a major player. ASML Holding NV ADR is the only company globally capable of manufacturing extreme ultraviolet lithography equipment, with major global chip manufacturers such as Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR, Samsung, SK Hynix, and Intel Corporation all placing orders. If Terafab progresses as planned, it will become a core customer for ASML Holding NV ADR's system products, with a potential volume far exceeding its largest existing customer. ASML Holding NV ADR holds a near monopoly on the global extreme ultraviolet (EUV) lithography machine market, with each device priced at up to $200-350 million. If Terafab moves from grand plans to actual large-scale equipment procurement, ASML Holding NV ADR's order book will experience a historic surge. Terafab aims to target a 2 nanometer advanced process, with a planned annual capacity of around 100-200 billion AI and memory chips, equivalent to a monthly output of 100,000 wafers. The first batch of mass-produced chips will be Tesla, Inc.'s AI5, scheduled to start production in 2027. ASML's EUV lithography equipment is essential for advanced process chip production, and Terafab needs to purchase a large number of ASML devices to support its 2nm capacity, making it the most direct commercial motive for the internal dialogue between Musk and ASML Holding NV ADR. ASML Holding NV ADR stock data and market size On June 6th, Musk posted on X platform saying that ASML Holding NV ADR "could be said to be the greatest company in Europe" and should be "cherished and supported." ASML Holding NV ADR is the largest publicly traded company in Europe by market value, with a cumulative stock price increase of about 58% since 2026. Bank of America Securities raised its target price from 1,710 to 1,921 on June 4, maintaining a buy rating, expecting EUV capacity to exceed 90 units by the end of 2027. Goldman Sachs Group, Inc. also raised its target price to 1,600. It is worth noting that if Terafab is completed and achieves a production capacity of tens of thousands of wafers per month, its ASML equipment purchasing scale may well surpass Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR, becoming the world's largest single customer for extreme ultraviolet lithography tools. However, within this European giant, there has been a hint of discord. As this annual meeting is a purely internal activity, some ASML Holding NV ADR employees, dissatisfied with Musk's recent outspoken remarks and political stance, have even threatened to "boycott" this fireside dialogue on the internal forum. Nevertheless, the top management's attention to Musk is evident. An ASML Holding NV ADR official spokesperson stated, "Musk and his team are becoming part of a broader semiconductor ecosystem, in which many companies, including ASML Holding NV ADR, will participate in this project." The reality of the technology landing Wall Street's reaction to Musk's move is complex. Some macro hedge fund managers note that chip manufacturing is not just about "rocket science," but also requires high levels of industrial engineering expertise. Intel Corporation spent several years and billions of dollars to gradually understand ASML Holding NV ADR's High-NA EUV system. Musk's attempt to fully comprehend this highly sensitive supply chain in one or two years is seen as another high-stakes gamble. Industry skepticism on the feasibility of the technology Morgan Stanley analysts previously pointed out that even under the most optimistic construction assumptions, Terafab's initial chip output may not materialize until mid-2028 at the earliest, leaving a time window of over two years from the current date. TSMC Chairman and CEO Wei Zhejia recently expressed his best wishes for the Terafab project in an interview, saying, "All I can say about Musk's Terafab is good luck. It takes quite a long time to achieve." Wei's remarks not only reflect the judgment of an established foundry giant on the potential underestimation of technological barriers by "latecomers" but also imply the industry's generally cautious attitude. The objective reality of manufacturing barriers Semiconductor advanced process factories typically require a construction period of 3 to 5 years, as well as extremely precise EUV lithography machines, specialized engineering teams, stable ultra-pure water and power supply, and a stringent cleanroom management system. Intel Corporation has spent hundreds of billions of dollars and years of catching up to still not fully match Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR in process technology. Some analysts suggest that Terafab may also turn to collaborate with Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR, Samsung, or Intel Corporation, with Tesla, Inc. providing capital investment and the foundries responsible for manufacturing, bypassing the most difficult manufacturing processes. At the moment, public information cannot rule out this possibility. SpaceX IPO pricing to be announced tonight: Racing against financing windows with Terafab progress However, it cannot be denied that as SpaceX's IPO pricing is on the verge, Musk holds unprecedented capital chips. If Terafab can overcome the yield challenges, in the future, Tesla, Inc. and SpaceX will no longer be just software and assembly giants but will be entities with the most fundamental hardcore technology globally. The ecosystem of the global semiconductor industry may write the first chapter of a turning point at this moment. Hours after Musk concludes his ASML speech, the pricing of SpaceX's first public offering is expected to be announced. Reports indicate that SpaceX's IPO pricing is expected to be unveiled later on June 11, which could become one of the largest IPOs in history. Market expectations project SpaceX's valuation could reach as high as $1.75 trillion, with the IPO aiming to raise up to $75 billion, with some of the financing intended for Terafab project construction and the deployment of space AI data centers. According to previous reports, Terafab's capital expenditure was not included in Tesla, Inc.'s 2026 capital expenditure budget, therefore SpaceX's IPO funding will directly determine whether the initial construction of Terafab can proceed as planned. Most of SpaceX's valuation and revenue forecasts are based on the company's plans to launch as many as 1 million satellites and build orbital data centers in space. Musk previously revealed that Terafab's goal of producing 1 terawatt of computing power annually, with around 80% being deployed in space AI computing clusters and 20% for ground applications such as Tesla, Inc.'s cars and Optimus humanoid Siasun Robot & Automation. In summary, the dual narrative of "big AI computing power" From Tesla, Inc.'s perspective, Terafab is the hardware foundation for its transition from "car manufacturer" to "AI company"; from ASML Holding NV ADR's perspective, Musk's speech is a strategic declaration from one of the largest potential clients. Terafab's vision is "the most ambitious chip manufacturing plan ever", seen by Musk as "the next step in building a galactic civilization". ASML Holding NV ADR is the exclusive supplier of lithography equipment necessary for manufacturing advanced chips, and Musk's need to manufacture 2 nanometer chips to meet the internal requirements of Tesla, Inc. and SpaceX cannot bypass ASML Holding NV ADR. For the semiconductor industry, this is not just a strategic narrative of one person or one company, but a choice of capital expenditure direction in the AI era when global cloud service providers and tech giants are lining up on the chip supply chain. ASML Holding NV ADR's product delivery schedule has become the barometer of the entire industry's business cycle at this moment.