Last year Bloomberg reported Elon Musk created "X Holdings" as a possible parent company for SpaceX, Tesla and other Musk founded companies. Musk formed a trio of holding companies as he pursued Twitter. Elon said he'd thought about forming a holding company since 2012. Musk said he faced challenges in bringing all his corporations under one holding company.
A different model exists for Elon, private equity. It's the tax advantaged rage in powerful circles.
Even Musk's biographer is a private equity underwriter (PEU).
Issacson is an Advisory Partner with Perella Weinberg PartnersIssacson noted Musk's lack of empathy, which is a trait commonly shared by PEUs. Looking to Elon for leadership wisdom to emulate is a fool's errand. Musk frequently drives in fear with his propensity to "break things."
Disruption is part of the PEU gospel. Elon's disruptive cybertruck is yet to hit the roads. Musk plans to disrupt his way into a giant integrated artificial intelligence corporate monstrosity.
Funded by Uncle Sam with preferred "carried interest" taxation, that would be the PEU way.
Update 9-14-23: The cybertruck is coming, the cybertruck is coming. Really?
Update 9-25-23: Musk's biographer paints a disturbing picture of his subject in an interview with Carlyle co-founder David Rubenstein at the Economic Club of Washington.
Update 3-7-24: Musk slammed MacKenzie Scott for donating to causes that advance women and minorities.
