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Elon GOAT Token is bringing a giant Musk statue to the Tesla factory in Austin




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People 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 atop a goat riding a rocket, all attached to a trailer.

Complete with what appears to be flames shooting from the rocket, the statue was commissioned by cryptocurrency company Elon GOAT Token. The company delivered it to Tesla’s Gigafactory in Austin on Saturday, during what it called “Goatsgiving.” The Elon GOAT Token ($EGT) sculpture was created to honor Musk’s “many achievements and commitment 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 the founders hoped the Musk statue would inspire the entrepreneur to tweet about the company and bring new exposure to the token.

Elon GOAT Token’s effort to deliver the statue landed the company on Twitter’s US trending page. Musk bought the social network last month, causing an upheaval with mass layoffs, abandoned advertisers and potential changes to the process of getting a blue Twitter badge.

Costing a total of $600,000, according to the Elon GOAT Token, the Musk sculpture is a nod to the billionaire’s fame — a rocket representing SpaceX, the spacecraft company Musk founded; and the literal goat, a word that is also used as an acronym for the phrase “Greatest of All Time.”

Despite exponential growth in recent years, cryptocurrency has had a rough 2022. FTX, the cryptocurrency exchange that was estimated to be worth $32 billion in January, collapsed this month. The CEO resigned, and the company filed for bankruptcy, which led to an investigation into how the business was undone.

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

Why the FTX collapse has thrown the crypto world into turmoil

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

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

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

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

Kevin Stone, a sculptor based in Canada, said he received a call about the project last year from the designer, Danny Wang, who did not reveal the identity of the person who had commissioned the statue until after the contract was signed.

Victims of crypto fraud seek to hold Coinbase accountable for losses

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

The sculptor began work on the head of the work in January and finished it almost six months later, after approximately 600 hours of work. The sculpture of Musk’s head ended up six feet tall and four feet wide, and weighed 250 pounds.

For Stone, who is known for his sculptures of birds and dragons, the project was the chance to do something he had never done.

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

Spectacle, an American design and fabrication company, designed the goat and rockets on the statue.

On Saturday night, Sansalone started a Twitter audio stream, saying he and those who had accompanied him on the journey were sitting about 150 feet away from the Gigafactory, where security had told them to move for safety reasons.

Sansalone said the Elon GOAT Token statue was always “supposed to be funny,” meant to make Musk laugh, and that the crypto company was trying to do the same as the Tesla CEO, despite it being “tiny in comparison.”

As the sun began to set in Austin on Saturday, it was unclear whether Musk would allow the statue to remain.

“We’re not leaving,” Sansalone said near the end of the stream. “We’ll see how this goes. We’re going to wait here.”

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





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