While Musk liquidated his California real estate portfolio, claiming he would live in a modular home near SpaceX, subsequent investigations into property records suggest that affiliated companies have acquired luxury residences in Texas that serve the needs of his family members.
Musk stated his intention to “own no house.” According to reporting, Musk sold seven California properties for over $100 million. Following these sales, Musk stated that he resided in a modular dwelling close to SpaceX.
The Shift in Housing Strategy
The shift away from traditional real estate was framed as a move toward liberation.
As noted in investigations, entities affiliated with Musk have facilitated the acquisition of high-end homes in Texas. These properties are reportedly occupied by the mothers of his children and their respective families, creating a residential cluster that operates independently of Musk’s personal name.
Property Ownership and Corporate Entities
Contextualizing the ‘Own No House’ Pledge
The pledge to own no house was made as a declaration of living without property for liberation.
