Elon Musk’s father, Errol Musk, is backing a new memecoin project named ‘Musk It’. The initiative aims to raise up to $200 million to fund a new think tank.
Despite its ambitious fundraising goal, the project faces skepticism due to concerns over transparency and the absence of Elon Musk's involvement.
Errol Musk has partnered with businessman Nathan Browne, but the lack of clear details on how funds will be used could affect investor confidence.
