🚀 Errol Musk's 'Musk It' Memecoin Aims to Raise $200 Million for Think Tank 🪙
Errol Musk, father of tech mogul Elon Musk, is launching a memecoin named 'Musk It' (MUSKIT) with the goal of raising up to $200 million. The proceeds are intended to fund the Musk Institute, a for-profit think tank focused on engineering projects.
FORTUNE.COM
The 'Musk It' memecoin was quietly launched in December 2024 and is currently in final negotiations with the Musk Institute.
Errol Musk has expressed confidence in leveraging his family name for this venture, acknowledging that many potential investors will associate the project with his son, Elon Musk.
The Musk Institute aims to support various engineering initiatives, with funds from the 'Musk It' memecoin playing a crucial role in its development.
As the project progresses, it will be interesting to see how the 'Musk It' memecoin performs in the market and contributes to the goals of the Musk Institute.