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HomeNewsA holding company for Tesla, SpaceX is a ‘good idea’: Musk

A holding company for Tesla, SpaceX is a ‘good idea’: Musk

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New Dec 24 : Elom Musk, who runs electric car maker Tesla, aerospace and space transportation company SpaceX, brain-machine interface firm Neuralink and The Boring Company (that builds underground tunnels), thinks that creating a holding company above all the four firms is a “good idea”.
Responding to a Twitter follower who asked on Wednesday about Musk to create a parent company called ‘X” for all the four firms to “ensure human survival and progress”.
Musk responded” “Good idea”.
The follower named David Lee added in a tweet: “X is mostly because Elon already owns the http://x.com domain name and it’s a decent name”.
The best example for Musk to follow is Alphabet, which is the parent company of Google and several Google subsidiaries.
On August 10, 2015, Google announced plans to create a new public holding company named Alphabet Inc.

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