Elon Musk rules out issuing native tokens by his companies

Billionaire Elon Musk said that none of his companies will ever issue their own cryptocurrency token.

To be super clear, none of my companies will ever create a crypto token

— Elon Musk (@elonmusk) November 4, 2023

In response to a user under the pseudonym DogeDesigner warning that the XAI token has nothing to do with Musk and his AI startup xAI.

«For clarity: none of my companies will ever create a crypto token», the billionaire wrote.

In April, сообщили about Musk’s plan to create an AI startup to compete with OpenAI. In July, he запустил xAI.

On the company’s website, говорится, что она не входит в X Corp, но будет тесно сотрудничать с X, Tesla и другими корпорациями для «достижения прогресса в своей миссии».

In August, Musk said that the X social network would never issue native tokens.

In the same month, the billionaire’s biotechnology company Neuralink raised $280 million following a Series D financing round.