Elon GOAT Token Brings Giant Musk Statue to Tesla Factory in Austin

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People who’ve been driving around Austin recently may have seen Elon Musk.

But not the real person. Instead, they may have seen a sculpture of Musk’s head on the body of a goat riding a rocket, all attached to a pendant.

Along with what appears to be flames shooting out of the rocket, the statue was commissioned by cryptocurrency firm Elon GOAT Token. The company delivered it to Tesla’s Gigafactory in Austin on Saturday, while dubbing it “goatsgiving.” The Elon GOAT Token ($EGT) sculpt was created to honor Musk’s “many accomplishments and dedication to cryptocurrency,” the company said on its website. Musk is the owner of the electric car manufacturer Tesla.

Over the past year, $EGT hasn’t seen much growth, according to data from tracker CoinMarketCap, but its founders hoped that the Musk statue would inspire the entrepreneur to tweet about the company and bring renewed attention to the token.

Elon GOAT Token’s efforts to deliver the statue landed the company on the US trending page of Twitter. Musk bought the social network last month, causing an upheaval with mass layoffs, advertiser churn and possible changes in the process for earning a Twitter blue tick.

The Musk sculpt, which Elon GOAT Token says costs a total of $600,000, is a nod to the billionaire’s fame — a rocket representing SpaceX, the spacecraft company Musk founded; and the literal goat, a word also used as an acronym for the phrase Greatest Of All Time.

Despite exponential growth in recent years, the cryptocurrency has had a tough 2022. FTX, the cryptocurrency exchange valued at $32 billion in January, collapsed this month. The CEO resigned and the company filed for bankruptcy, prompting an investigation into how the business was wiped out.

Over the past year, millions of dollars in cryptocurrency have been stolen in scams targeting users of exchange operator Coinbase.

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Although “times have not been good” for Elon GOAT Token, co-founder Ashley Sansalone said in a Twitter audio stream on Saturday, the company had earmarked enough funds to complete the statue project.

“We believe that Elon’s potential acceptance of this gift of biblical magnitude could catapult $EGT into the spotlight and accelerate its various initiatives,” the company said on its website.

Elon GOAT Token did not respond to The Washington Post’s request for comment on Saturday.

After months of construction and travel across the country, the statue arrived at the Austin Building, confirmed Elon GOAT Token in a tweet Saturday after live streaming of the event. Musk, who has 119 million followers on Twitter, had not publicly announced the project as of Saturday night. Tesla did not respond to the Post’s request for comment on Saturday.

Kevin Stone, a sculptor from Canada, said he received a call about the project last year from its designer, Danny Wang, who only revealed the identity of the statue’s client after the contract was signed.

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At first, Stone thought the mystery client was Musk himself. He didn’t think anyone else would have commissioned such a “crazy project.”

The sculptor started work on the head of the piece in January and finished it almost half a year later, after about 600 hours of work. The sculpture of Musk’s head itself was six feet high and four feet wide and weighed 250 pounds.

For Stone, known for his bird and dragon sculptures, the project was a chance to do something he’d never done before.

“It was so crazy I couldn’t turn it down,” he said. “I just wanted to be a part of it because it was such a unique opportunity to do something really, really different.”

Spectacle, a US design and manufacturing company, created the goat and rockets on the statue.

On Saturday night, Sansalone started a Twitter audio stream, saying he and his companions on the trip were seated about 50 meters from the Gigafactory, where security had asked them to move for safety reasons.

Sansalone said the Elon GOAT token statue was always “fun” to make Musk laugh and that the crypto company was trying to do the same as Tesla’s CEO despite being “small in comparison.”

As the sun began to set in Austin on Saturday, it was unclear if Musk would let the statue stay.

“We’re not going,” Sansalone said toward the end of the stream. “We’ll see how that goes. We will wait here.”

In the background of the Twitter audio stream, shouts could be heard: “Elon Musk, let’s go! Elon Musk, let’s go!”

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