Errol Musk, the father of renowned entrepreneur Elon Musk, has announced the launch of a new meme coin called “Musk It”. This cryptocurrency, built on the Solana blockchain, aims to raise funds for the Musk Institute, a non-profit organization that will focus on engineering and innovation, including the development of flying vehicles.
Although Elon Musk is not involved in this project, his father is confident that “Musk It” can attract significant funding due to their family name. Errol Musk and his business partner, Nathan Brown, plan to raise between $150 million to $200 million to finance the institute.
The institute aims to concentrate on developing flying cars and other advanced transportation technologies that could be revolutionary in the coming years. Errol Musk, an engineer by training, has always shown a keen interest in innovation and technological advancements, and his new project is set to make a significant contribution to this field.
Plans and Prospects

The new meme coin will be marketed as a unique investment tool, offering early investors the opportunity to participate in cutting-edge developments. Unlike other meme coins, “Musk It” will be backed by real projects and initiatives aimed at technological advancements and improving quality of life.
Errol Musk emphasized that the institute will pay special attention to environmental sustainability, striving to minimize its impact on the environment. The institute’s projects will include research and development in renewable energy sources and sustainable transportation.