Texas AI Docket

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HEL02 DC

Galaxy's second Helios development in Dickens County, contracted to CoreWeave and now under construction. The financing and building filings define this phase separately from the already delivered first phase.

17Sourced facts6Source records5Open gaps

What the record establishes

Phase Two gross utility capacity
400 MW[2]as of July 28th, 2026
Phase Two critical information technology capacity
260 MW[2]as of July 28th, 2026
Senior secured notes issued for the phase
$3.5 billion[2]as of July 28th, 2026
Buildings in the financed project
2 buildings[2]as of July 28th, 2026
Data halls in the financed project
8 units[2]as of July 28th, 2026
Property area in the financing filing
260 acres[2]as of July 28th, 2026
First Helios Two building area
199,124 sq ft[4]
First Helios Two building filed cost
$900 million[4]
Helios Three building area
349,594 sq ft[5]
Helios Three building filed cost
$1.3 billion[5]
Helios Four building area
349,594 sq ft[6]
Helios Four building filed cost
$1.3 billion[6]
Company construction status
Phase Two foundation work underway with data hall delivery expected to begin in the second quarter of 2027[3]as of August 5th, 2026
Owner of record
Galaxy Helios II LLC[1]registry read August 27th, 2026
Occupant of record
CoreWeave, Inc.[1]registry read August 27th, 2026
Operators of record
CoreWeave, Inc. and Galaxy Helios II LLC[1]as of August 27th, 2026
Certification effective
November 7th, 2025[1]

What changes the reading

  • Galaxy reports the first Helios phase as delivered under a different owner entity. That operating capacity is not counted as part of this second phase profile.[1][3]
  • The financing filing describes two buildings. Three accessibility records use the same second phase owner for separately named buildings. The public records do not show how those scopes map to each other, so their areas and costs are left separate.[2][4][5][6]
  • The company says foundation work is underway. The future delivery date remains a schedule and is not treated as delivered customer capacity.[3]
  • CoreWeave is both occupant and one of the operators in the certification. Public filings do not name the eventual user of the computing rented from CoreWeave.[1][2][3]

Still not public

  • The mapping between the financed buildings and the accessibility filings is not public.
  • No second phase capacity has been reported as delivered.
  • The eventual computing user behind CoreWeave has not been named.
  • Current measured electrical demand is not public.
  • Cooling design and measured water use are not public.

Source trail

  1. Data Center ListsTexas Comptroller of Public AccountsfilingRead August 27th, 2026.
  2. Galaxy Helios Two Financing FilingU.S. Securities and Exchange CommissionfilingRead August 27th, 2026.
  3. Galaxy Second Quarter Helios UpdateU.S. Securities and Exchange CommissionfilingRead August 27th, 2026.
  4. Galaxy Helios Two Project DetailsTexas Department of Licensing and Regulationlocal governmentRead August 27th, 2026.
  5. Galaxy Helios Three Project DetailsTexas Department of Licensing and Regulationlocal governmentRead August 27th, 2026.
  6. Galaxy Helios Four Project DetailsTexas Department of Licensing and Regulationlocal governmentRead August 27th, 2026.

What was filed to build it

Texas registers every large construction project with a second agency. These filings were made by a company this record already names.

$3.50 billion across 3 filings, 898,312 sq ft.

2026$900,000,000199,124 sq ftGalaxy Helios Phase 2Afton
2026$1.30 billion349,594 sq ftGalaxy Helios Phase 2Afton
2026$1.30 billion349,594 sq ftGalaxy Helios Phase 2Afton

An estimated cost at filing is not a final cost, and a filing is not proof a building went up. How this register works.

The registry entry for this facility comes from the Texas Comptroller's certified list of data centers holding a sales tax exemption. Owner, occupant and operator are roles in that filing rather than descriptions of who runs the building.