Musk targets gas-turbine bottleneck with planned SpaceX foundry in Texas

  • SpaceX is building a Bastrop, Texas, foundry to cast gas-turbine blades and vanes in-house.
  • Musk said the initiative could accelerate natural-gas turbines coming online by up to 18 months, while SpaceX and Tesla target 100 GW of annual solar capacity.
  • Howmet fell 7% in premarket trading, GE Vernova 3%, and Siemens Energy 4.4% after the announcements.

Elon Musk confirmed that SpaceX is building a foundry near Bastrop, Texas, to cast gas-turbine blades and vanes in-house, potentially accelerating natural-gas turbines for AI data centers by up to 18 months. Musk also said SpaceX and Tesla are building 100 gigawatts of annual solar production capacity, although natural gas will remain necessary to support solar power for several years. The announcements highlight severe turbine-component shortages and contributed to declines in Howmet Aerospace, GE Vernova and Siemens Energy shares. GE Vernova is largely sold out through 2030 and aims to increase annual turbine output from about 20 gigawatts to 30 GW by the end of the decade, while Siemens Energy is expanding ceramic-core and casting capacity.

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