Elon Musk’s Father Launches ‘Musk It’ Meme Coin To Fund New Think Tank

Errol Musk, father of billionaire entrepreneur Elon Musk, has ventured into the cryptocurrency space by endorsing ‘Musk It,’ a meme coin aimed at raising $150 to $200 million.

What Happened: Partnering with business associate Nathan Browne, Errol claims the proceeds will fund the Musk Institute, a for-profit think tank focused on engineering and technological advancements, including flying vehicles.

Unlike other recent celebrity-backed meme coins, ‘Musk It’ was originally launched in December by a Middle Eastern crypto firm with little recognition, according to Fortune.

Errol and Browne later decided …

Full story available on Benzinga.com