According to the information from Elon Musk's company, this factory is designed for "high volume manufacturing," specifically to make "millions of consumer facing devices."
The Starlink Initiative is the firms most heavily funded project.
Elon Musk has moved to Texas, his fourth state move in ten years.
The company revealed a plan for its satellite internet tower in a job posting because of the launch of a Starlink telecommunications service.
To keep up with global need, SpaceX is planning a new manufacturing process in Austin, TX.
The factory is intended to build millions of consumer facing devices. Starlink is another internet delivery system provided by SpaceX that works using satellites.
The Starlink units are presently based in Redmond, Washington which is a few miles east of Seattle. To date, Microsoft has built and launched satellites 120 per month.
The company did not respond to CNBC's requests for comment at press time concerning its intentions for the Austin factory.
SpaceX's plans for new factory were first reported by Associated Press news agency.
Starlink is the company's risky project of sending thousands of satellites throughout the entire globe to bring lightning-fast internet connections to anyone it wished.
So far, SpaceX has sent more than 1,000 satellites into space as part of its Starlink network initiative. In October 2012, SpaceX began the early service for customers in the U.S., Canada and the U.K. with their SpaceX Internet subscription priced at $99 a month plus a $499 upfront cost for hardware needed to connect to the network.
The job posting did not contain any further information on the Austin factory besides stating that it is expected to become operational in November. SpaceX cited that the job will involve working part-time in-office and travelling quarter of the time to SpaceX headquarters in Los Angeles.