American billionaire Elon Musk intends to build a city near Austin in Texas. The houses will be rented to employees of SpaceX, Tesla and Boring Company at below-market rates.

Elon Musk plans to build a city for his employees in Texas – WSJ

The project includes modular houses, a swimming pool, sports fields and a school. The residence of the businessman himself is also planned nearby. A sign has already appeared on the site “Welcome Snailbrook, Texas, 2021,” The Wall Street Journal writes, citing sources.

Last year, the Boring Company offered employees to rent houses close to work. The price of the houses with two or three bedrooms ranged between 800 dollars per month. After layoff, the living space must be vacated within 30 days.

In 2022, Elon Musk became the first person in history to lose $200 billion in one year and two months: as of November 2021. Following the loss, Musk also lost the title of the world’s richest man.

Author:

karina pardaeva

Source: RB

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I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.

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