- Several reports suggest controversial businessman and billionaire Elon Musk is planning to build a town with over 100 homes for his SpaceX employees
- According to reports, his businesses have been buying hundreds of acres of property in Texas, USA, to establish a community where his workers might live and work
- Elon Musk's establishments have acquired at least 3,500 acres close to Austin, Texas, USA, and they are currently attempting to build a town called Snailbrook
PAY ATTENTION: Enjoy reading our stories? Join YEN.com.gh's Telegram channel for more!
According to a Wall Street Journal report, famous billionaire and owner of Twitter, Elon Musk, and his business entities have been buying hundreds of acres of property in Texas, USA, to establish a town where his workers might live and work.
According to the Journal, these organisations have acquired at least 3,500 acres of land and are attempting to build a town called Snailbrook.
Plans for Snailbrook town would call for the construction of more than 100 residences, as well as a community with a pool and a space for outdoor activities. Many believe this move will attract more employees and occasionally encourage them to work longer hours.
The report also claims that Mr Musk wants his staff at the manufacturing sites for his companies, Tesla, Boring Co., and SpaceX, all of which are located close to Austin, Texas, to be able to reside in new houses with below-market rental rates.
PAY ATTENTION: Follow us on Instagram - get the most important news directly in your favourite app!
Elon Musk moves his businesses to Austin, Texas
In 2020, Elon Musk stated that he was moving Tesla's corporate offices and house from California to Texas, citing displeasure with California's coronavirus-related restrictions.
According to a report by Austin American Statesman, both Boring Co. and Musk's SpaceX have facilities in Texas, and Boring Co. has been in discussions with Austin about the idea of creating tunnels in the city. Tesla also inaugurated a brand-new Gigafactory manufacturing plant in Austin last year.
Elon Musk lives in a tiny pre-fabricated house he rented for $50,000
In an earlier story, YEN.com.gh wrote about how Elon Musk, the world's richest man, lives in a rented $50,000 tiny home in Texas near his company SpaceX. With a net worth of around $181 billion, Elon Musk has shown no desire to purchase a home. Not all wealthy people want to live ostentatiously; instead, they want to use their wealth to improve society.
New feature: Сheck out news that is picked for YOU ➡️ click on “Recommended for you” and enjoy!