David Lee suggested creating a holding company called X to hold all of Elon’s major companies (Tesla, SpaceX, Boring Company and Neuralink).
Elon responded with a tweet that this seems like a good idea.
Good idea
— Elon Musk (@elonmusk) December 23, 2020
The mission of X holding company to ensure human survival and progress is a big ideaa.
Hey @elonmusk, Please Create a Holding Company For Tesla, SpaceX, Neuralink, Boring Company (Ep. 221)https://t.co/5tYoG5ED3w
— Dave Lee (@heydave7) December 23, 2020
The mission of X holding company to ensure human survival and progress is a big idea. And I think big enough to hold all of Elon’s ideas and ventures for his lifetime.
— Dave Lee (@heydave7) December 23, 2020
Each company under the holding company will have it’s own specific vision but one that supports bigger vision of ensuring human survival and progress.
Tesla – accelerate world’s transition to sustainable energy
SpaceX – make space-faring civilization
Boring Co – end traffic
— Dave Lee (@heydave7) December 23, 2020
The main advantage of bringing all the enterprises under one holding company is two-fold:
1. Brings all Elon’s ventures under one structure, making it easier to manage.
2. Allows Elon to start many new ventures because holding company’s vision is wide and big.
— Dave Lee (@heydave7) December 23, 2020
This is not a move focused on increasing market cap or stock price.
Rather, this is a move focused on creating the structure for Elon to be able to continue to make big bets for humanity, and have the time to manage them.
— Dave Lee (@heydave7) December 23, 2020
SOURCES- David Lee Investing, HeyDave7 on Twitter, Elon Musk, Tesla DailyWritten by Brian Wang, Nextbigfuture.com
David Lee suggested creating a holding company called X to hold all of Elon’s major companies (Tesla, SpaceX,
