Elon Musk Lives in a Tiny Home Worth $50K and You Can Too — If You're Willing to Wait
Boxabl created a tiny home worthy enough of the world's richest. What's the deal with Elon Musk's $50,000 abode? Here's what we know about Boxable and how to invest
Aug. 9 2021, Published 10:58 a.m. ET
As he rose to the top of the list of the world's wealthiest, Elon Musk's ventures grew bigger and bigger. Now, he's shrinking his assets—literally. Musk has moved into a tiny home built by a company called Boxabl, and the prefabricated structure is reported to be worth less than $50,000.
What's the deal with Musk's new tiny home, and is Boxabl a company to look out for as Musk—creator of industry game changers Tesla and Space X—inhabits its highly sought-after Casita creation?
The price of Elon Musk's Boxabl tiny home is an infinitesimal fraction of his wealth.
According to Forbes, Musk's real-time net worth is $182.1 billion as of Aug. 9. That makes his tiny home from Boxabl, worth just $49,500 prefab, practically pocket change to the billionaire.
However, Musk's commitment to actually reside in the tiny home suggests that he values the construction in ways beyond monetary measurement.
The Boxabl Casita measures 375 square feet across the interior. Boxabl has different iterations of this home, some with two-to-three stories including a garage. However, it seems that Musk has gone with the compact option for himself. It's unclear whether Grimes and their son X Æ A-Xii inhabit the home with him, but the couple are not married and have reported living separately in the past.
Tens of thousands are waiting their turn to live in a Boxabl Casita
Much like Clubhouse took the world by storm in early 2021, Boxabl is trending across the globe. Right now, the Casita creation has a 47,000-person waitlist, according to reports. With news of Musk's new living situation, it's likely that this waitlist will grow even longer.
As the brand's name suggests, the home is delivered to the location in a box. It comes with a full-size kitchen, full bathroom, and living space. Perhaps most crucial to Musk is the ultra-low utility usage, which helps Musk live in line with his sustainability preachings and productions.
In the Boxabl Casita, you'll find insulation technology and LED lighting for an affordable and minimally emitting lifestyle. Perhaps this is Musk's way of enacting what he believes in (and it goes a lot further than simply nixing plans to accept energy-dense Bitcoin as payment).
Boxabl isn't publicly traded, but you can still invest
Despite the fact that Boxabl doesn't have a ticker symbol on the public market, investors still have a way to get their stake. Of course, it doesn't come with the same SEC protections that public stocks deliver. However, it could bring returns worth the risk for some traders.
With automation and scalability in tow, Boxable has built what it believes to be "the world's most advanced housing factory." Through the website, investors can sign up for and access a preferred stock offering, which is akin to a grey market IPO thanks to its legal yet unregulated stature.
CEO Paolo Tiramani founded Boxabl in 2017 with the full expectation that it would change the world. Given Musk's cross-industry influence, Boxabl's latest inhabitant could very well change the game for the brand and homeowners everywhere.