Trillionaire Elon Musk refuses to buy a house: While SpaceX IPO makes history, the world’s richest man still lives in a rented house | Today’s news
Elon Musk has officially become the world’s first billionaire. Yet, despite his extraordinary wealth, Musk’s personal living arrangements remain remarkably modest.
Its headquarters is a prefab house in Boca Chica, Texas. The property is only $50,000 (approx ₹47 million). They don’t own it; he leases it directly from SpaceX. The company is headquartered in the nearby town of Starbase, near Brownsville, according to Fortune.
Biographer Walter Isaacson describes the interior as a spartan two-bedroom house. Musk reportedly sits at a simple wooden desk to make phone calls. In terms of comfort or luxury, you can’t talk about anything else.
His mother, Maye Musk, recently offered a candid account of her visit with her son. She noticed that there was no food in the fridge. She slept in the garage during her stay. There was only one towel in the bathroom, which she left for Elon.
“I think my parents prepared me for this luxury,” she wrote on X. She mentioned her childhood trips to the Kalahari desert.
Musk also keeps another prefab house nearby that is used as a guest house. Musk moved to Texas in 2020 and sold most of his California properties shortly after. He bought neighboring land in an upscale area near Austin for about $35 million.
Companies connected to the world’s richest man also own at least three large homes in West Lake Hills. Each property measures between 6,000 and 9,000 square feet and includes a pool.
This pattern of personal austerity coupled with professional intensity is not new for Musk. During Tesla’s troubled production period, the Model 3 slept in a factory in California. He always preferred proximity to his work over personal comfort.
SpaceX is currently at another pivotal moment. The company is developing its next-generation Starship V3 rocket. It is taller than any previous version and can carry up to 100 metric tons. This is nearly three times the payload capacity of the earlier V2.
The starship is central to NASA’s plans to return astronauts to the moon. It’s also part of Musk’s ambition to put AI data centers in space. The rocket’s first test flight in May was largely successful.
SpaceX was involved in more than 50% of global rocket launches last year. There are currently around 10,000 Starlink satellites in orbit. Revenue rose more than 30% to $18.7 billion, although the company reported a net loss of $4.9 billion. Starlink alone more than doubled its profit to $4.4 billion.
Elon Musk could amass even more wealth if SpaceX hits future milestones. A Martian colony with a million inhabitants could unlock 200 million more shares. For now, the world’s richest man remains in his modest rented bungalow.
SpaceX IPO
SpaceX completed the largest IPO in history this week. The rocket and satellite company raised $75 billion after offering 555 million shares.
Each share was valued at $135, valuing SpaceX at $1.77 trillion. Shares jumped 20% to $162 the next day. Combined with his Tesla stock and SpaceX options, Musk has crossed the trillion dollar mark.
