Elon Musk forms X Holdings — A possible parent company for Tesla and SpaceX

Musk didn’t immediately respond to an emailed request for comment.

The entrepreneur, whose business interests also include Neuralink and the Boring Co., didn’t dismiss the idea during a discussion last week with TED’s Chris Anderson but said that creating such a holding company would be “tricky.” Tesla is publicly traded, and the “investor base of Tesla and SpaceX, and certainly Boring Co. and Neuralink, are quite different.”

To combine his companies under one parent entity, Musk would likely have to follow in the footsteps of other tech giants like Google, which restructured itself in 2015 to create a new holding company called Alphabet Inc. But he would also have to separately acquire SpaceX, Neuralink and Boring, which are private and have all seen their valuations go up in recent years.

Now maybe parent company of Twitter as well.

BlackguyK

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