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Tesla investor and Youtuber David Lee suggested to Elon Musk the possibility of creating the holding company “X”, to bring the companies in which Musk plays a key role together, on Twitter Wednesday night.
These include stock exchange winner and electric car maker Tesla, private space company SpaceX, The Boring Company, which is working to revamp underground transportation, and neurotechnology company Neauralink, which develops technology that will communicate directly with the human brain.
“X could be the most important business in human history,” Lee wrote.
The name “X” refers to the online bank that Musk created in 1999, which later became Paypal. Musk already owns the domain name.
– Good idea, was Musk’s response to the Twitter post.
Lee added that creating a holding company could recruit more talented engineers to work for Musk’s companies and that it would allow the four companies to combine resource and marketing departments. According to him, it will also free up time to explore new initiatives.
However, the New York Post notes that it is not very clear if Musk really thinks this is a good idea, or if one of his followers is simply speaking on Twitter by word of mouth.
“Impossible” to buy Tesla again
In another post on Twitter, after being encouraged to focus his time on innovation, Elon Musk noted that it will now be impossible to buy Tesla on the stock market – that is, to bid on the company and turn it into a private company. Tesla has now become one of the world’s most highly valued companies on any stock exchange, with a Christmas Eve valuation of $ 630 billion. Musk has previously ended bad weather, and has been stretched by US regulators by announcing plans to buy back the company with “secured funding.”
“Engineering, design, and general business operations absorb most of my thoughts, Musk maintained on Twitter this Christmas.”
Here Elon Musk reveals another talent: – I just woke up in the morning and had it in my head. Elon Musk’s own music production was unveiled during the Axel Springer Award, which is awarded to innovative people. 01:33 Published:
He also said on Twitter on Christmas Day that he is considering including Starlink, the satellite project that will be able to provide high-speed Internet around the world, when revenue growth is “reasonably predictable.”
Bloomberg estimates that Musk is the second richest in the world after Amazon founder Jeff Bezos. Therefore, he is ahead of Microsoft founder Bill Gates and has an estimated fortune of 160 billion dollars, equivalent to about 1.4 billion crowns at the current exchange rate.
Prestige index and the way to the moon
2020 has been a content-rich year for Tesla businessman and CEO Elon Musk.
SpaceX, of which Musk is the founder, has grown into one of the most respected companies in the world, remaining directly owned by tech funds and investors by dominating the commercial rocket industry. In addition to a contract with NASA for the next-generation spacecraft that can take astronauts to the moon in 2024, SpaceX has an agreement with a Japanese businessman for a private flight to the moon in 2023. The first spacecraft in March will be ready in 2026, Musk said. early december.
Musk’s test flight ended with a ball of fire: – Mars, here we go! SpaceX had a full flap when the company made another attempt to launch the future Starship spacecraft on a test flight that ended in an explosive fireball. – March, here we go, wrote SpaceX founder Elon Musk on Twitter a few minutes after the test flight. 01:29 Published:
In 2020, SpaceX has made a record number of space trips, and especially to the International Space Station and for the launching of satellites and other things for the authorities of various countries.
Just before Christmas, Tesla stock was included in the S&P 500 Prestige Index, which basically shows the development of the 500 largest and probably most important Wall Street companies, after meeting earnings requirements and how long it has been. the company has been in operation. Shares have soared this year, prompting several short sellers, who have gambled on Tesla’s losses, have given up.(Terms)Copyright Dagens Næringsliv AS and / or our suppliers. We would like you to share our cases via a link, which leads directly to our pages. Copying or other use of all or part of the content may only be done with written permission or as permitted by law. For more terms, see here.
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