Elon Musk announced ambitious plans for SpaceX’s new Gigabay facility in Starbase, Texas, aimed at producing up to 1,000 Starship rockets annually. This $250 million hub is set to be one of the largest industrial buildings, standing about 380 feet tall and offering 46.5 million cubic feet of space. With 24 work cells and heavy-duty cranes that can lift up to 400 tons, the Gigabay is designed for high-volume production. Construction is already underway, with completion expected by December 2026, which Musk believes will significantly increase SpaceX's launch frequency. Starship itself is a heavy-lift rocket capable of transporting between 100 and 150 tonnes to low Earth orbit. It plays a central role in Musk's vision for a multiplanetary future, with potential uses for establishing bases on the Moon or Mars. The program has seen successful test flights, including an 11th flight that went perfectly. This rocket's unique capabilities position it to make previously challenging space missions more feasible. In other news, Musk's xAI has accumulated $18 billion in debt, partly due to the merger with SpaceX and the acquisition of Twitter. A new financing plan is in the works to manage this debt, with banks like Morgan Stanley and Goldman Sachs involved. The merger with xAI aims to streamline operations and leverage revenue from Starlink to support broader initiatives, such as developing lunar bases and advancing AI technologies. SpaceX also achieved a significant milestone with the Crew-12 mission, launching NASA astronauts to the International Space Station from Cape Canaveral. The Falcon 9 rocket successfully landed at a new pad, LZ-40, which is closer to the launch site and expected to improve operational efficiency. Meanwhile, the U.S. has covertly supplied Starlink terminals to Iran amid internet restrictions during protests, marking a notable intervention in the region.