Welcome back. Everybody to the Elon Musk
podcast where we explore the latest news and developments
surrounding one of the most Innovative entrepreneurs of our
time. Now today, we'll be discussing
Elon musk's potential plan to build his own town, in Bastrop
County, Texas from his vision of creating, a Texas Utopia to the
details about the land. In companies involved, will take
a closer look at this ambitious project now.
Elon Musk, he's a billionaire entrepreneur.
He's been making headlines recently, with his move to
Texas, where he's relocated or expanded many of his companies
including Tesla SpaceX and neurolink.
And according to a report from The Wall Street Journal musk is
reportedly considering building his own town in Bastrop County,
along the Colorado River where employees could live and work.
Now the town would be built on land near to of must companies
in Bastrop County, the boring company, and SpaceX and the
boring company has been building. 80,000 square foot
manufacturing and Warehouse facility on a Bastrop County
property. RIT plans, the test tumbling
equipment and dig tunnels for research and development
purposes. Now, meanwhile SpaceX has been
building a 43 million dollar facility with odor, 500,000
square feet on a neighboring. Parcel in the town would sit on
land owned by gapped bass, LLC and entity associated with the
boring company. Now, the report cited people
familiar, With the plans and said that musk envisions that
employees from the boring company Tesla and SpaceX could
live in new homes with below Market rents and the town would
also include modular homes and Outdoor Sports area and a gym.
And a park as well. And while the plans for the town
are in the early stages and just planning the aligned with an
application for a waste water permit for the boring company
site, the application mentioned that the company expects up to
100 employees a day to be on the site in that the site has
several warehouses and Office Buildings 15 on-site employee
housing units, a recreational cord and parking for everybody.
Plans include an on-site Bistro or a cafe, more employee
housing. And more parking alongside that
and the Wall Street Journal report also mentioned that musk
in the boring company Executives have researched and discussed
incorporating a town in Bastrop County.
The report said that musk's vision for the town is to create
a Texas Utopia where employees could live and work in a
self-contained Community boring company, President, Steve Davis,
reportedly described plans that would include creating an entire
city out of this place. Now this is Not the first time
that musk has floated the idea of a city or town in Texas in
2021. He tweeted that he wanted to
create the city of Starbase Texas, a reference to his South
Texas SpaceX operations and the report said that must form a
girlfriend Grimes as well as Kanye West and Wes architectural
designer have been involved in board discussions about the
town. But the discussions have not led
to concrete plans going forward. This potential project could
raise concern, among some neighbors and environmental
groups, members of the community and environmental groups.
Along with state senator, see, record of Austin who formerly
represented the Bastrop area, where the boring company site is
located, have requested, a public meeting on the permit.
The meeting will be held on March 21st.
Now, if the permit is granted, the company would be able to
dispose of 140 2,500 gallons of treated Wastewater A Day.
Directly into the Colorado River below.
Lady Bird Lake according to the draft permit issued by the Texas
commission of Environmental Quality.
And the company also requested the option of disposing of the
waste water viewer irrigation on to 63 Acres of grassland that it
owns. Now Elon musk's potential plan
to build his own town and Bastrop County.
Texas has captured the attention of so many people millions of
people with the ambitious vision of a Texas Utopia where
Employees, could live and work in a self-contained community.
And while the plans are still in their early stages, the
potential project is already sparked concerns from numerous
people among the neighbors and environmental groups, and
they've requested a public meeting on this permit.
However, if approved the project, could have far-reaching
implications for the future of sustainable, living and
infrastructure development in the area and must continues to
push the boundaries of what's possible with as innovative
ideas. Relentless pursuit of progress.
Electric cars SpaceX and creating his own town.
Now, he's constantly challenging us to think outside of the box
and dream big. And this is just possibly one of
his newest Ventures and could help his employees in the future
with the project that they're working on.
Now, there's also some recent news about Elon and some banks,
the recent news of the collapse of Silicon Valley Bank SV B, if
you will. Has caused a stir among
investors. However, amidst the crisis
opportunities may be opening up for one of the most Innovative
entrepreneurs of our time. And it's reporting that a bee
line is up for bids for this possibly.
But responding to a tweet. Suggesting that Twitter should
by SV be and become a digital Bank.
Must tweeted his openness to the idea, which is resonated with
this fans and followers, this isn't the first time that musk
has shown interest in the banking.
Ha 2015 must talked about starting his own bank to compete
with established. Financial institutions was
unclear if you still interested in that idea is recent tweet
suggests that he may be exploring new ways to disrupt
the banking industry. Now musk's involvement in
digital banking could potentially revolutionize.
The sector Twitter already has a vast user base of billions of
people, which could provide a strong customer base for the
digital Bank. Moreover musts reputation for
innovative ideas, could attract new investors and bring in fresh
Capital. However, the potential risks
associated with such an undertaking cannot be overlooked
and musk would need to navigate strict regulatory Frameworks,
the challenges of scaling a digital bag and the inherent
risks of operating in the financial sector to get this
done. Aside from digital banking.
Musk is also shown a keen interest in other areas
including cryptocurrency Dogecoin And real estate.
Let's take a closer look at some of these investment options and
let's look into some cryptocurrency here.
So musk views on cryptocurrency have been very well documented
very well tweeted. And he has been one of the most
vocal proponents of digital currencies saying that he owns
Bitcoins ethereum and also Dogecoin.
He's also encourage Tesla to accept Bitcoin is payments for
its cars. However his interest in
cryptocurrency hasn't been without controversy from both
sides. For instance is tweets.
Have caused massive fluctuations in the value of Bitcoin Dogecoin
and other digital currencies in the the past.
Now despite the volatility associated with
cryptocurrencies, they've become a very popular asset class.
In many investors have allocated a portion of their portfolio to
digital currencies. And institutional investors are
showing an increased interest in the space and investing in
kryptos currency can be done through various platforms, but
investors should be aware that risks are involved at the fees
for these are a little bit High sometimes, so just beware.
The real estate is another thing you show nesset interest for
physical things, real estate is one of them is spoken about the
importance of owning tangible Assets in an inflationary
environment. Real estate is a popular asset
class, providing an inflation hedge as well as a steady stream
of rental income. However, investing in real
estate can be an expensive Endeavor and it requires
significant Capital to get started.
Now, there's several investment options available for those
Looking to invest in real estate without the significant Capital
requirements. One of those options is real
estate investment trusts are eits which allow investors to
pool their money together to invest in portfolio of
properties. And another option is
crowdfunding platforms which allow investors to invest in
specific real estate projects. Now, musk's potential
involvement in digital banking could create new opportunities
in the financial sector for everybody.
Now this is pure speculation. At this point, Ilan said it
might be a good idea. You might be interested and he
has a reputation for innovative ideas and his vast Network.
Could attract huge investors to the sector and the risks of this
could be pretty big but they won't be overlooked.
He has an interest in cryptocurrency.
He said it numerous times that he wants to add banking to the
Twitter platform. And this could be a way for him
to buy up Bank opportunity. Pennies on the dollar, get all
the regulations taking care of just by buying the bank, get
some investors, there you go and you're all taken care of now
musk's interest in cryptocurrency and real estate
also provides new investment opportunities for the people
that invest in him and his company's.
So we'll see what happens in the future if he's serious.
Us about this. If he buys up a bank, we could
shortly. See that Twitter offers banking
on their platform now. Thank you so much for listening
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It'll really help me out. Take care everybody and I'll see
you soon. Thank you for tuning in to the
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