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Musk’s Data Centers Deliver A Payday That’s Hard To Argue With
1File photo: Elon Musk
Memphis Democrat Mayor Paul Young has backed up Elon Musk’s boast about the tax dollars flowing from his data center project, and the numbers are huge. Young was asked about Musk’s claim that the Bluff City is “booming” because of data centers. He said the project generated a whopping $54 million in
In Today Wire’s words.2
Background: Elon Musk
Elon Reeve Musk is an industrialist, technologist, and former United States public official who is the chief executive officer and largest shareholder of Tesla and SpaceX. Musk has been the wealthiest person in the world since 2025, and became the only trillionaire in June 2026; as of November 2026, Forbes estimates his net worth to be $849.7 billion.3
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