Elon Musk already runs six companies and has more money than he knows what to do with, but it looks like his next project is creating his own “utopia.” The Wall Street Journal has learned that the Tesla CEO is laying plans for a new community outside Austin next to the Boring and SpaceX facilities, dubbed Snailbrook, which is set to host his employees and include homes that with below-market rents. According to the publication, this project has been teased by Kanye West and Grimes, Musk’s former girlfriend, in the past, and while they could not be reached for comment, some Boring employees have suggested that there are even plans to develop an entire city.
From a Wall Street Journal report (alternate link):
In meetings with landowners and real-estate agents, Mr. Musk and employees of his companies have described his vision as a sort of Texas utopia along the Colorado River, where his employees could live and work.
Executives at the Boring Co., Mr. Musk’s tunnel operation, have discussed and researched incorporating the town in Bastrop County, about 35 miles from Austin, which would allow Mr. Musk to set some regulations in his own municipality and expedite his plans, according to people familiar with Mr. Musk’s projects.
They say Mr. Musk and his top executives want his Austin-area employees, including workers at Boring, electric-car maker Tesla Inc. and space and exploration company SpaceX, to be able to live in new homes with below-market rents.
The planned town is adjacent to Boring and SpaceX facilities now under construction. The site already includes a group of modular homes, a pool, an outdoor sports area and a gym, according to Facebook photos and people familiar with the town. Signs hanging from poles read “welcome, snailbrook, tx, est. 2021.”