Elon Musk's Secret Web of Companies in Texas
In 2020, Elon Musk announced he was moving to Texas from California and embarking on a personal austerity campaign to strip his life of belongings.
“I am selling almost all physical possessions,” he posted on social media. “Will own no house.”
But in the years since, Mr. Musk, 54, has quietly built an empire of more than 90 companies and other legal entities in Texas, which have amassed a vast collection of assets, according to an examination by The New York Times.
The secretive network offers a glimpse into just how central one of the world’s richest men, who has a net worth of more than $650 billion, has made Texas to his operations and ambitions. More than 50 of his at least 90 companies there are subsidiaries or other entities affiliated with his business empire, such as the rocket company SpaceX and the electric vehicle maker Tesla, as well as his nonprofit Musk Foundation.
But The Times identified at least 37 companies that appeared to be largely for Mr. Musk’s personal use. Among them was one that owns two multimillion-dollar condominiums totaling more than 7,000 square feet in the Austin Proper Hotel, with sweeping views of downtown. Other companies managed planes that Mr. Musk uses for private travel and a portfolio of more than 1,000 acres of land, which when combined is bigger than Central Park in New York. The lines between Mr. Musk’s business and personal interests are often blurry, and some of the companies most likely served both purposes.
https://www.nytimes.com/2026/02/27/technology/elon-musk-companies-texas.html
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