Right after dropping out of the university that year, Musk co-founded PayPal. Here he worked with the now-iconic entrepreneurs Reid Hoffman( the co-founder of LinkedIn) and Peter Thiel (co-founder of Palantir).
Elon Musk’s Different Ventures
eBay took over PayPal back in 2002 for $1.5 billion. Musk acquired a $175 million fortune after PayPal changed ownership. He then parlayed the acquired Paypal’s money into different ventures.
The entrepreneur current reigns over Tesla, the whopping $1 trillion worth of electric car makers. It also controls SpaceX, the space exploration company and Neuralink, the brain implant startup. Additionally, Musk also rules over the Boring Company or the tunnel construction firm. Recently, Musk added Twitter to its list of companies.
Here’s a is a compilation of all the companies Musk controls and owns.
Tesla
Musk didn’t find Tesla, although he is associated with it. He was engaged as the primary Tesla investor during the A funding round series back in 2004. Being the lead investor of Tesla made him the company’s prominent and leading shareholder against $6.5.
It was only in recent years, that Elon took over the company and bagged his position as the company’s CEO in 2008. Since then he has been looking after the rollout of Roadster. While Tesla might not have been able to reach the higher segment like Toyota and Ford. It has increased in production and has seen a jump in its demand surge during the pandemic.
SpaceX
SpaceX’s originated in 2002 and was founded by Musk when eBay bought and purchased PayPal. Musk founded the company to ensure quicker and cheaper access to space. It is also his dream to build a colony on Mars.
Ever since its launch, SpaceX has collaborated with NASA to become the first private company to help astronauts reach the International Space Station and the into orbit. SpaceX’s CEO, Musk has established facilities in Texas and Florida.
Additionally, SpaceX has also initiated Starlink, an internet service provider. Starlink acquired huge fame for offering internet services to distant parts of the world. Ever since its launch, the Ukrainian military has been using Starlink to help keep Russian soldiers and invaders out of their country.
Boring Company
Musk launched the Boring Company as SpaceX’s subsidiary back in 2016. Later in 2018, Musk made the Boring Company into an independent company. The primary objective of the Boring Company is to design hyperloop tubes to shoot cars at great speeds between the prominent cities. This would help reduce the highway traffic.
While The Boring Company has already launched two small loops and a test tunnel in Las Vegas and Los Angeles respectively, he still nurtures many more ambitions. He claims that this is the quickest way of travelling from one city centre to another for distances lesser than 2000 miles.
If all of this wasn’t enough, Elon Musk has also made a deal in 2022 to take over Twitter in exchange for $44 billion. While the deal hasn’t yet closed, Musk has publicly shared some of his thoughts that indicate the company’s priorities and direction would be under his stewardship.
Musk might soon have to look after his five companies distributed across social media, neuroscience and transportation and manage to spare time to tweet about them. A good investment solutions helps to achieve the desired milestone in business.
