Elon Musk Plans to Build a Company Town for Tesla, Boring and SpaceX Employees in Texas

Elon Musk Plans to Build a Company Town for Tesla, Boring and SpaceX Employees in Texas

Table of Content

In this article, we’ll explore Elon Musk’s latest project, which involves building a company town for employees of Tesla, Boring, and SpaceX in Texas. 

Key Takeaways:

  • Elon Musk is building a company town for his employees in Texas called Snailbrook.
  • The town will offer below-market rents for residential properties to employees of Tesla, Boring, and SpaceX.
  • The town will feature a physical fitness area, swimming pool, and modular homes.
  • Musk’s plans for Snailbrook include building an entire city with its own mayor, a private residential compound for himself, and a school in the area.
  • The acquisition of the land and satellite imagery suggest significant progress has already been made on the project.

Elon Musk’s Company Town for Tesla, Boring, and SpaceX Employees in Texas

Elon Musk is reportedly directing his attention towards a new project – building a company town for employees of Tesla, Boring, and SpaceX in Texas. 

As per The Wall Street Journal, Musk has purchased 3,500 acres of land in Bastrop County close to Austin, with the intention of building a town named Snailbrook.

A Texas Utopia

Sources who are knowledgeable about the situation state that Snailbrook, the company town being built by Elon Musk, will provide affordable living options for employees of Tesla, Boring, and SpaceX. 

Rent for a two or three bedroom house will cost around $800 a month, which is much lower than other comparable properties in the area. Boring employees have already been asked to apply for housing. 

The town will be situated near the Colorado River in Texas and will be a unique and affordable option for Musk’s employees.

In addition to living spaces, the town will have facilities like a gym, pool, and some modular homes. 

Nonetheless, Musk’s plans are more extensive than just offering homes to his workers. Reportedly, he has aspirations of constructing a whole city that would be large enough to warrant electing its mayor. 

Apparently, Musk discussed his plans for this city with Kanye West, who is now banned from Twitter.

The Plans and Progress

The plans for Snailbrook reportedly show over a hundred homes in the official paperwork submitted before the Bastrop County Commissioners Court. 

Nevertheless, the county has not received any application yet. 

The state law requires a settlement to have at least 201 residents and a county judge’s approval before being classified as a town. 

Despite this, satellite imagery cited by The Wall Street Journal suggests that significant progress has already been made on the project.

Beyond Living Quarters

In addition to building houses for his employees, there are reportedly plans to construct a private residential area where Elon Musk would reside. 

Plans for a school in the vicinity are also being considered. Furthermore, according to the Austin Business Journal, Musk is looking into potential sites for a Neuralink facility and a lithium battery plant for Tesla in Texas.

Texas as the Hub for Musk’s Companies

This latest project comes as no surprise, considering that Texas is already home to a billion-dollar Tesla production site, alongside SpaceX and Boring Company facilities. 

Musk’s decision to build a town for his employees can be seen as a way to lure them in with low rent and reduced commuter hassles, as well as providing a sense of community and convenience.

Employees Whose Contracts Have Been Terminated

It’s worth noting that employees whose contracts have been terminated will have to vacate their allotted house in Musk city within 30 days. 

None of the Musk-owned companies have confirmed the plans mentioned above, but the acquisition of the land and the progress made on the project suggest that it’s only a matter of time before Musk’s vision for Snailbrook becomes a reality.

Conclusion

Elon Musk’s latest project of building a company town for his employees in Texas is an ambitious and exciting endeavor. 

The town will offer below-market rents for residential properties to employees of Tesla, Boring, and SpaceX, and it will feature various amenities such as a physical fitness area, swimming pool, and a handful of modular homes. 

Musk’s plans go beyond just providing living quarters for his employees, as he dreams of building an entire city with its own mayor. 

The acquisition of the land and the progress made on the project suggest that it won’t be long before Musk’s vision for Snailbrook becomes a reality.

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Written by

Alexander Sterling

Alexander Sterling

Alexander Sterling is a renowned financial writer with over 10 years in the finance sector. With a strong economics background, he simplifies complex financial topics for a wide audience. Alexander contributes to top financial platforms and is working on his first book to promote financial independence.

Reviewed By

Judith

Judith

Judith Harvey is a seasoned finance editor with over two decades of experience in the financial journalism industry. Her analytical skills and keen insight into market trends quickly made her a sought-after expert in financial reporting.