The adorable ponytail palm isn't actually a palm at all, so it doesn't have all the same needs as a palm. Ponytail palms are a popular choice for bonsai because of the bulb at the base of the plant, which also helps make them drought-tolerant. While they're used to bright light, keeping them in low light is a good idea to keep them from growing too quickly as they can reach up to 30 feet high! So keep that guy in a dark space to keep it houseplant size.