The Tesla and SpaceX tycoon has been given the green light to set up his own new city in south Texas – dubbed Starbase – after securing the backing of an overwhelming majority of locals, many of whom he employs.

Elon Musk appears to have incorporated a new company in Texas, according to business filings reviewed by Newsweek. There has been considerable interest in the corporate activities of Musk, the world's richest person, particularly as he has assumed greater political significance as one of President Donald Trump 's close allies.