Elon Musk may be laying the groundwork to combine Tesla, SpaceX and Twitter into a new super company.<\/p>\n\n\n\n
As the world\u2019s richest man continues his crusade to take over Twitter, Musk registered three new companies on Tuesday in the tax-friendly state of Delaware under variations of the name \u201cX Holdings.\u201d <\/p>\n\n\n\n
The three new companies appear to be financial maneuvering as part of Musk\u2019s Twitter bid. <\/p>\n\n\n\n
The first company, X Holdings I Inc., lists Musk as president, treasurer and secretary and would be the parent company of Twitter if the billionaire\u2019s bid succeeds, according to Bloomberg, which first spotted the fillings. <\/p>\n\n\n\n
Another entity, X Holdings II Inc., would merge with Twitter as part of the acquisition, while X Holdings III LLC would be used to help fund the transaction, the outlet reported.
But the filings have also revived speculation about whether Musk plans to merge all his ventures \u2014 Tesla, SpaceX, Neuralink, The Boring Company and potentially Twitter \u2014 into a single super-conglomerate. <\/p>\n\n\n\n
In December 2020, an investor and Musk booster named Dave Lee wrote on Twitter that Musk should \u201cform a holding company called X\u201d that would become the \u201cparent company of Tesla, SpaceX, Neuralink and Boring Company\u201d with the \u201cmission to ensure human survival and progress.\u201d<\/p>\n\n\n\n
\u201cGood idea,\u201d Musk responded.
But Musk also appeared to throw cold water on the idea of forming a super-company last week, blaming Wall Street investors for short-term thinking. <\/p>\n\n\n\n
\u201cAs a public company, you\u2019re just constantly sued,\u201d Musk said in a TED interview. \u201cIt\u2019s not that easy to sort of combine these things.\u201d
New York Post<\/p>\n","protected":false},"excerpt":{"rendered":"
Elon Musk may be laying the groundwork to combine Tesla, SpaceX and Twitter into a new super company. As the world\u2019s richest man continues his crusade to take over Twitter, Musk registered three new companies on Tuesday in the tax-friendly state of Delaware under variations of the name \u201cX Holdings.\u201d The three new companies appear …<\/p>\n","protected":false},"author":2,"featured_media":45385,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,6],"tags":[],"class_list":["post-45382","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-news","category-tech"],"_links":{"self":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts\/45382","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/comments?post=45382"}],"version-history":[{"count":1,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts\/45382\/revisions"}],"predecessor-version":[{"id":45384,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts\/45382\/revisions\/45384"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/media\/45385"}],"wp:attachment":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/media?parent=45382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/categories?post=45382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/tags?post=45382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}