Multiple reports describe Elon Musk’s living situation as unusually modest despite his record wealth. After SpaceX’s stock debut and subsequent rise in his net worth—widely reported as crossing the $1 trillion mark—accounts state that Musk does not live in a large mansion. Instead, he lives near SpaceX’s Starbase facility in Boca Chica, Texas, in a small prefabricated home. Several outlets say the residence is rented from SpaceX and is about 400 square feet, with basic rooms including a living area, bedroom, kitchen, and bathroom. One account cites an approximate rental cost of around $50,000 and attributes the broader description of his routine and home conditions to remarks from people close to him, including his mother, Maye Musk, who reportedly observed spartan conditions during a visit. Another outlet describes the home as simple and functional, and links the preference to Musk’s longstanding focus on work over personal comfort. While some articles reference additional properties and Musk’s broader business footprint, they consistently emphasize that his primary residence in Texas is small, prefabricated, and rented near SpaceX.