Ask HN: Terafab – Smart move or insane financial risk?

SpaceX has submitted plans to build Terafab.

https://www.reuters.com/business/spacex-plans-55-billion-chip-plant-texas-2026-05-06

It is smart strategically and financially risky - very on-brand for Musk. Given how hard it is to build, let alone scale a fab without considering existing competition(TSMC) which is light years ahead I’m curious to know what HN thinks of this move?

SpaceX is already targeting a trillion dollar IPO and as an investor if you believe in this long term vision a trillion dollars might not seem too unreasonable.