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Elon Musk's Vision for a "Texas Utopia" · Elon Musk Podcast

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  Welcome back. Everybody to the Elon Musk
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  podcast where we explore the latest news and developments
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  surrounding one of the most Innovative entrepreneurs of our
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  time. Now today, we'll be discussing
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  Elon musk's potential plan to build his own town, in Bastrop
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  County, Texas from his vision of creating, a Texas Utopia to the
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  details about the land. In companies involved, will take
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  a closer look at this ambitious project now.
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  Elon Musk, he's a billionaire entrepreneur.
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  He's been making headlines recently, with his move to
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  Texas, where he's relocated or expanded many of his companies
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  including Tesla SpaceX and neurolink.
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  And according to a report from The Wall Street Journal musk is
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  reportedly considering building his own town in Bastrop County,
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  along the Colorado River where employees could live and work.
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  Now the town would be built on land near to of must companies
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  in Bastrop County, the boring company, and SpaceX and the
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  boring company has been building. 80,000 square foot
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  manufacturing and Warehouse facility on a Bastrop County
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  property. RIT plans, the test tumbling
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  equipment and dig tunnels for research and development
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  purposes. Now, meanwhile SpaceX has been
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  building a 43 million dollar facility with odor, 500,000
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  square feet on a neighboring. Parcel in the town would sit on
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  land owned by gapped bass, LLC and entity associated with the
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  boring company. Now, the report cited people
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  familiar, With the plans and said that musk envisions that
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  employees from the boring company Tesla and SpaceX could
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  live in new homes with below Market rents and the town would
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  also include modular homes and Outdoor Sports area and a gym.
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  And a park as well. And while the plans for the town
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  are in the early stages and just planning the aligned with an
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  application for a waste water permit for the boring company
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  site, the application mentioned that the company expects up to
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  100 employees a day to be on the site in that the site has
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  several warehouses and Office Buildings 15 on-site employee
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  housing units, a recreational cord and parking for everybody.
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  Plans include an on-site Bistro or a cafe, more employee
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  housing. And more parking alongside that
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  and the Wall Street Journal report also mentioned that musk
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  in the boring company Executives have researched and discussed
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  incorporating a town in Bastrop County.
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  The report said that musk's vision for the town is to create
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  a Texas Utopia where employees could live and work in a
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  self-contained Community boring company, President, Steve Davis,
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  reportedly described plans that would include creating an entire
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  city out of this place. Now this is Not the first time
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  that musk has floated the idea of a city or town in Texas in
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  2021. He tweeted that he wanted to
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  create the city of Starbase Texas, a reference to his South
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  Texas SpaceX operations and the report said that must form a
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  girlfriend Grimes as well as Kanye West and Wes architectural
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  designer have been involved in board discussions about the
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  town. But the discussions have not led
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  to concrete plans going forward. This potential project could
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  raise concern, among some neighbors and environmental
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  groups, members of the community and environmental groups.
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  Along with state senator, see, record of Austin who formerly
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  represented the Bastrop area, where the boring company site is
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  located, have requested, a public meeting on the permit.
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  The meeting will be held on March 21st.
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  Now, if the permit is granted, the company would be able to
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  dispose of 140 2,500 gallons of treated Wastewater A Day.
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  Directly into the Colorado River below.
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  Lady Bird Lake according to the draft permit issued by the Texas
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  commission of Environmental Quality.
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  And the company also requested the option of disposing of the
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  waste water viewer irrigation on to 63 Acres of grassland that it
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  owns. Now Elon musk's potential plan
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  to build his own town and Bastrop County.
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  Texas has captured the attention of so many people millions of
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  people with the ambitious vision of a Texas Utopia where
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  Employees, could live and work in a self-contained community.
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  And while the plans are still in their early stages, the
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  potential project is already sparked concerns from numerous
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  people among the neighbors and environmental groups, and
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  they've requested a public meeting on this permit.
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  However, if approved the project, could have far-reaching
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  implications for the future of sustainable, living and
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  infrastructure development in the area and must continues to
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  push the boundaries of what's possible with as innovative
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  ideas. Relentless pursuit of progress.
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  Electric cars SpaceX and creating his own town.
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  Now, he's constantly challenging us to think outside of the box
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  and dream big. And this is just possibly one of
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  his newest Ventures and could help his employees in the future
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  with the project that they're working on.
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  Now, there's also some recent news about Elon and some banks,
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  the recent news of the collapse of Silicon Valley Bank SV B, if
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  you will. Has caused a stir among
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  investors. However, amidst the crisis
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  opportunities may be opening up for one of the most Innovative
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  entrepreneurs of our time. And it's reporting that a bee
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  line is up for bids for this possibly.
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  But responding to a tweet. Suggesting that Twitter should
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  by SV be and become a digital Bank.
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  Must tweeted his openness to the idea, which is resonated with
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  this fans and followers, this isn't the first time that musk
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  has shown interest in the banking.
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  Ha 2015 must talked about starting his own bank to compete
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  with established. Financial institutions was
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  unclear if you still interested in that idea is recent tweet
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  suggests that he may be exploring new ways to disrupt
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  the banking industry. Now musk's involvement in
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  digital banking could potentially revolutionize.
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  The sector Twitter already has a vast user base of billions of
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  people, which could provide a strong customer base for the
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  digital Bank. Moreover musts reputation for
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  innovative ideas, could attract new investors and bring in fresh
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  Capital. However, the potential risks
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  associated with such an undertaking cannot be overlooked
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  and musk would need to navigate strict regulatory Frameworks,
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  the challenges of scaling a digital bag and the inherent
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  risks of operating in the financial sector to get this
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  done. Aside from digital banking.
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  Musk is also shown a keen interest in other areas
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  including cryptocurrency Dogecoin And real estate.
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  Let's take a closer look at some of these investment options and
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  let's look into some cryptocurrency here.
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  So musk views on cryptocurrency have been very well documented
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  very well tweeted. And he has been one of the most
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  vocal proponents of digital currencies saying that he owns
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  Bitcoins ethereum and also Dogecoin.
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  He's also encourage Tesla to accept Bitcoin is payments for
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  its cars. However his interest in
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  cryptocurrency hasn't been without controversy from both
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  sides. For instance is tweets.
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  Have caused massive fluctuations in the value of Bitcoin Dogecoin
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  and other digital currencies in the the past.
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  Now despite the volatility associated with
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  cryptocurrencies, they've become a very popular asset class.
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  In many investors have allocated a portion of their portfolio to
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  digital currencies. And institutional investors are
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  showing an increased interest in the space and investing in
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  kryptos currency can be done through various platforms, but
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  investors should be aware that risks are involved at the fees
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  for these are a little bit High sometimes, so just beware.
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  The real estate is another thing you show nesset interest for
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  physical things, real estate is one of them is spoken about the
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  importance of owning tangible Assets in an inflationary
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  environment. Real estate is a popular asset
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  class, providing an inflation hedge as well as a steady stream
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  of rental income. However, investing in real
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  estate can be an expensive Endeavor and it requires
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  significant Capital to get started.
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  Now, there's several investment options available for those
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  Looking to invest in real estate without the significant Capital
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  requirements. One of those options is real
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  estate investment trusts are eits which allow investors to
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  pool their money together to invest in portfolio of
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  properties. And another option is
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  crowdfunding platforms which allow investors to invest in
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  specific real estate projects. Now, musk's potential
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  involvement in digital banking could create new opportunities
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  in the financial sector for everybody.
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  Now this is pure speculation. At this point, Ilan said it
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  might be a good idea. You might be interested and he
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  has a reputation for innovative ideas and his vast Network.
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  Could attract huge investors to the sector and the risks of this
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  could be pretty big but they won't be overlooked.
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  He has an interest in cryptocurrency.
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  He said it numerous times that he wants to add banking to the
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  Twitter platform. And this could be a way for him
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  to buy up Bank opportunity. Pennies on the dollar, get all
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  the regulations taking care of just by buying the bank, get
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  some investors, there you go and you're all taken care of now
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  musk's interest in cryptocurrency and real estate
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  also provides new investment opportunities for the people
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  that invest in him and his company's.
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  So we'll see what happens in the future if he's serious.
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  Us about this. If he buys up a bank, we could
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  shortly. See that Twitter offers banking
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  on their platform now. Thank you so much for listening
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  to the Elon Musk podcast today. Please hit the Subscribe button.
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  It'll really help me out. Take care everybody and I'll see
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  you soon. Thank you for tuning in to the
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  Elon Musk podcast brought to you by stayed. 0 Productions, and
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  hosted by me will Walden. We hope you've enjoyed today's
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