Elon Musk Floats Idea Of Starting One Parent Company To Hold Tesla, SpaceX, Boring, Neuralink
Elon Musk is CEO of several companies. While his primary focus is SpaceX and Tesla Inc (NASDAQ: TSLA), he is also CEO of Neuralink and The Boring Company.
What all of these companies have in common is a desire to solve problems that people are facing, or will soon be facing, and all to look forward to a better future.
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While Tesla is public, the other companies remain privately owned. SpaceX has been talking about outsourcing Starlink into an IPO. Starlink is currently launching a satellite Internet solution designed to deliver the Internet to rural customers or customers beyond the reach of land-based Internet connections. The Boring Company is trying to dig underground tunnels to reduce traffic congestion.
When Tesla investor Dave Lee Musk suggested creating a holding company called X to act as the parent company for Musk's many ventures, Musk seemed intrigued.
Alphabet Inc (NASDAQ: togetL) is a similar setup. Google was restructured back in 2015 and Alphabet became the parent company along with other Google subsidiaries.
Photo courtesy of Daniel Oberhaus via Wikimedia
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