Elon Musk is famous for various reasons. He is one of the richest billionaires on earth. His electric car company, Tesla Inc, is one of the biggest companies in the world and is the biggest seller of electric vehicles. He has a space transportation and communication company aiming to ultimately lead to the colonization of Mars. Then, there are neuroscience, Artificial Intelligence, and even infrastructure and tunnel construction companies adding wealth to his portfolio.
Not only all these contributions, his controversial tweets, statements, and his personal life (even his kid’s name) further add to his notoriety. Simply put, the man knows how to stay relevant.
Recently, he became the center of buzz again after acquiring the microblogging platform Twitter for US $44 billion, which he quoted as “important to the future of civilization to have a common digital town square”.
Anyways, all these ventures and businesses are adding more wealth to this billionaire business magnate.
There is more to this tech mogul’s wealth than Twitter. Let’s dive in and learn more about the top companies that he currently owns.
Tesla
Tesla is undoubtedly the highlight of Elon Musk’s career. This American electric vehicle and clean energy company was created in 2003 by two Silicon-valley engineers. Elon Musk was later dubbed the co-founder of Tesla, a title that he still retains. Musk is the co-founder and CEO of Tesla Inc.
Tesla is the biggest seller of electric cars, it is the sixth American company to reach a market capitalization of $1 trillion. Since its first launch of Roadster in 2008, then Model S and Model X, the company has never looked back. Overall, the company has designed 7 models of electric cars — four are still running in the market. The affordable EV Model 3, Model Y, and the latest Semi truck are some other praiseworthy models.
Tesla has an enormous network of Gigafactories in the USA. With Gigafactory 3 Shanghai and Gigfactory 4 Berlin-Brandenburg, Tesla has set up its electric cars and battery systems production in Asia and Europe.
With the acquisition of SolarCity in 2016, Tesla now sells four solar energy storage and generation products.
SpaceX
Headquartered in Hawthorne, California, Musk founded and designed SpaceX in 2002. The idea behind this company was to revolutionize space technologies to enable human beings to finally be able to inhabit other planets. The company strives to make space travel more commercially viable for everyone to colonize Mars.
The company develops space crafts and rockets needed to go to space, like Starship, Falcon 9, and Falcon Heavy, rocket engines, spacecraft, and satellite communications like Starlink. Starlink provides low-orbit internet services to rural areas.
SpaceX is the second most valuable private company after ByteDance (TikTok).
Neuralink
San Francisco-based start-up, Neuralink is another company that Elon Musk co-founded. The exact involvement of Musk in the company is unknown, but the idea behind the company resonates well with Musk (or even some Sci-Fi Movie), “to connect the human brain to computers”.
The company has developed a brain chip or as Musk explained, “FitBit in your skull”. The idea is to treat various neurological issues and diseases using implantable brain-computer interfaces and create a better future.
The Boring Company
Founded in 2016, with headquarters in Texas, USA, “The Boring Company” is an infrastructure and tunnel construction start-up. This tunnel-digging company aims to resolve the traffic issue in the USA by making traveling within and between cities faster and safe by developing a vast network of underground tunnels.
The ultimate aim is to eradicate “soul-destroying traffic” in the USA with its network of tunnels. The company’s tunnel projects for loop travel are almost in the process of completion and testing in Las Vegas. The company has also envisioned the Hyperloop concept that will allow people to travel at a speed of more than 700 mph through electric tubes.
OpenAI
An Artificial Intelligence company, OpenAI was co-founded by Elon Musk in 2015. The company aims to develop and promote friendly AI to perform various tasks to help humans. The company has also been able to receive an investment of $1 billion from Microsoft in 2019.
The latest achievement of OpenAI is the launch of ChatGPT in November 2022, which reached a million users in 5 days only.
Takeaway | Twitter Is the Latest Addition to Companies Musk Owns
Twitter is the latest addition to Elon Musk’s portfolio. With the Twitter acquisition, this business magnate stepped into the world of social media. The episode of the Twitter acquisition is filled with controversial revamping, laying off, and firing. Many people, including celebrities, left Twitter as soon as Musk got his hands on it.
Let’s limit our discussion here and appreciate his contributions to science and technology for a while by ignoring his controversies, statements, and even personal life for a second.
Do let us know what work of Elon Musk inspires you the most.
