Elon Musk triples Bastrop land to 2,000 acres near Austin

Entities tied to Elon Musk have tripled their land holdings in Bastrop County, east of Austin, adding upwards of 1,360 acres over the past three months to reach roughly 2,000 acres and tightening one buyer’s grip on the FM 969 corridor.

Why it matters

A single deep-pocketed buyer assembling a rural corridor at this pace is a site-selection signal every Central Texas developer should track. Musk’s cluster of companies, SpaceX, Tesla, X, and xAI, is concentrating industrial and infrastructure uses along a 30-mile stretch between Bastrop and Austin, and that gravity reshapes land pricing, labor competition, and utility planning well before specific projects are filed. For developers and land investors, the corridor is becoming a company town in formation: getting ahead of the entitlement and infrastructure follow-on, or getting priced out, is the decision on the table.

The numbers

The holdings rose from about 700 acres early in 2026 to roughly 2,000 today. Anchors already in place include the 11-million-square-foot Gigasat solar factory on SpaceX land and the $10 billion Tesla Gigafactory completed in 2021 on Tesla Road. Musk’s broader Texas footprint includes an xAI office sublease at Downtown Austin’s Seaholm Power Plant and a planned $20 billion-plus Terafab semiconductor plant in Grimes County slated to begin production in 2027. What Musk intends to build on the newest Bastrop parcels has not been disclosed.

What’s next

Watch permit filings along FM 969 for the tell on use and timing, and whether neighboring landowners sell into the assemblage. More at the Austin market hub.