Elon Musk is planning to build his own town

Thousands of acres of property in Texas are being purchased by entities associated with Elon Musk and his businesses in order to establish a town where the billionaire's staff will live and work, according to a Wall Street Journal report. According to the report, Elon Musk is in the process of developing a town called Snailbrook, and assets totaling at least 3,500 acres have been purchased close to Austin.

Elon Musk wants staff members at his companies Boring Co., Tesla, and SpaceX "to be able to reside in new homes with below-market rentals," the report claimed, citing county deeds and other land records as well as internal corporate correspondence. Major production facilities for all the enterprises are located close to Austin. The design calls for the construction of more than 100 residences as well as neighborhood amenities including a pool and a sports field, according to the report.

Elon Musk has before stated that he will relocate Tesla's corporate headquarters and his personal house from California to Texas in 2020. While SpaceX and Boring Co. also have Texas facilities, Tesla opened a new Gigafactory in Austin in 2022.

Elon Musk's team allegedly explored creating the town in Bastrop County, according to the report, but the county claimed not to have seen a petition for incorporation.