The US space agency NASA is also tinkering with the all-electric aircraft concept, working on the experimental X-57 plane.
The goal? To build an industry standard for efficiency and function that will pave the way for more eco-friendly flying.
It is, therefore, no surprise Mr Musk would want to have a slice of the pie.
After all, through his company Tesla, he has already dedicated a lot of time and effort towards normalising electric cars and solar panels – technology he believes will one day benefit humans on Mars.
Unfortunately, hopeful SpaceX fans will be disappointed to learn the tech mogul will not be spending time and money on electric aircraft any time soon.