MEMPHIS, Tenn. – Memphis directs $3.26 million in SpaceXAI data center revenue to South Memphis neighborhoods.
The City of Memphis is investing more than $3.2 million in South Memphis communities, with the largest share going toward a new home repair assistance program for low- and moderate-income residents.
The funding comes from property tax revenue generated by SpaceXAI’s Colossus I facility on Paul R. Lowery Road, which the city is required to redirect back into the surrounding area under a community benefits law…