School districts approve $1.66 billion in tax breaks for SpaceX chipmaking plant in Grimes County

Two rural school districts have advanced plans for $1.66 billion in tax breaks for SpaceX's proposed chipmaking facility outside of College Station.Anderson-Shiro CISD and Iola ISD approved the SpaceX incentives during their separate meetings Tuesday night. The school boards will vote again after the agreements are finalized and approved by SpaceX and the state. Last month, Grimes County also agreed to waive its portion of the company's property taxes.The chipmaking facility, dubbed Terafab, is expected to employ more than 3,000 people. It would build chips for broadband internet satellites and the data centers that SpaceX founder Elon Musk wants to...