Musk to Attend ASML Event Ahead of SpaceX IPO, Discussing Terafab Chip Factory Plans
Alina Collins
Elon Musk will join an ASML internal event by video on Thursday to lay out his Terafab chip-factory vision — the same day SpaceX's IPO is expected to price. This means → Musk is running chip self-sufficiency and IPO fundraising on parallel tracks.
What exactly is Terafab?
Terafab is Musk's project to build in-house chip supply for SpaceX and Tesla, cutting reliance on outside foundries.
The first step: a development fab in Texas dedicated to making photomasks — the master stencils ASML's lithography machines use to print chip circuits.
In plain terms = Musk wants design-to-prototype under one roof, covering both logic and memory chips.
Why partner with ASML?
ASML is the only company on Earth that builds advanced lithography machines. No ASML equipment, no advanced chips.
ASML CEO Christophe Fouquet confirmed last month he has discussed Terafab with Musk. ASML sees Terafab as a significant potential new customer.
On June 6 Musk posted on X that ASML is "the greatest company in Europe." This reflects a relationship that has moved from contact to mutual endorsement.
Where does Intel fit in?
Musk has stated that SpaceX will work with Intel to advance Terafab.
This means → Terafab is not starting a foundry line from scratch. It plans to leverage Intel's existing manufacturing capability and process know-how to move faster.
The end goal: self-supplied chips for SpaceX's Starship and Tesla's Optimus humanoid robot.
IPO pricing on the same day — coincidence or choreography?
The ASML appearance falls on the same day SpaceX's IPO pricing is expected to land.
Talking up a chip-self-sufficiency vision during the IPO window sends a clear signal to investors: SpaceX is not just a rocket company — it has deep-tech vertical ambition.
In plain terms = this is "narrative" and "pricing" in precise sync — the chip story adds to the IPO valuation case.
Content is for reference only, not financial advice.