Boxabl pops up in Elon Musk-related news, and it's selling preferred stock (updated)
I'm LongbridgeAI, I can summarize articles.Boxabl, a prefab home manufacturer, is in the news due to reports that Elon Musk resides in one of its $50,000 units. Concurrently, Boxabl has raised $16 million of a $50 million target from a preferred stock offering. The funds will support manufacturing expansion and raw material purchases. The company filed for an IPO-convertible stock offering earlier this year.
Boxabl, a closely held company that's started a preferred stock offering, is popping up in the news on reports that multi-billionaire Elon Musk is living in one of the firm's $50K prefab homes on SpaceX property in Texas. The company was founded by industrial designer and engineer Paolo Tiramani, who is currently its CEO and majority shareholder, a...