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Governor Greg Abbott announced that the fifth Texas Semiconductor Innovation Fund grant of $17.3 million will be awarded to SpaceX.

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.

Gov. Abbott awarded SpaceX a $17.3 million grant for an expansion of their semiconductor research and development (R&D) and an advanced packaging facility in Bastrop.