According to US media reports, Musk submitted documents to Delaware this week, registering three holding companies in the state, all of which are related to “X Holdings”.
This could be part of Musk's plans to buy Twitter, or it could bring Musk's companies, including Tesla, SpaceX, Boring Co. and Neuralink, under one holding company.
It is unclear whether the newly registered holding companies have business ties to Tesla or SpaceX. In a video interview with the head of TED last week, Musk said that creating a single holding company to control each of his entities would be “tricky” because “the investor bases of Tesla and SpaceX are (large) ), and of course Boring Co., which is completely different from Neuralink.”
“I started thinking about whether it would make sense to create a parent company with stock,” Musk wrote. “Not sure if that's feasible or sensible, but I'm thinking about it.”
Musk also founded online payments site PayPal, now part of eBay EBAY.O. He has said in the past that SpaceX may eventually have an IPO.
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