The South-African-born American entrepreneur, Elon Musk is a renowned business tycoon and investor. Elon musk had a knack and passion for games from a very early age and showed interest in becoming an entrepreneur as well. Not long after he realized the economic opportunities in the USA, he left South Africa and got a bachelor’s degree in physics and economics from the University of Pennsylvania. Soon after he enrolled in the graduate program he comprehended that the world of the internet is much more powerful than physics and thus the efforts in this area should be maximized.
Elon musks’ first company was called Zip2, which provided maps and business manuals to online newspapers. And after that, there is no stopping in his list of increasing businesses. Either it’s tech or any other industry, Elon musk is the best of both worlds. Not only is he the richest man in the world but he aims to tackle a wide set of issues that occur in the tech industry. Elon Musk might be popular because of Tesla, his electric vehicle company, or a matchless space project SpaceX, but he has more under his belt. If you’re wondering how many companies does Elon Musk own? then you are on the right page as this article encompasses Elon Musks’ companies list and a little description of each.
What Companies Does Elon Musk Own
Have a look below at the companies founded by Elon Musk which have shaken the industry and played a vital role in transforming it into something better.
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Read More: Kimbal Musk Networth
1. The Boring Company
After becoming upset with bad traffic conditions in Los Angeles. Elon Musk came up with a startup idea by the name of “The Boring Company” in 2016. This project aimed to get rid of restrictions on two-dimensional transportation systems. This venture is quite distinctive as its purpose is to construct underground tunnels that allow pedestrians, cargo, or other electric vehicles to dodge traffic on surface roads so that they reach directly from one point to another. Multiple theories and projects were proposed and out which one would transport commuters between Washington DC and Baltimore, Maryland. There is a test tunnel located in Hawthorne, California. The company made its way in the news by selling 20,000 flamethrowers to consumers, allowing the company to earn a revenue of $10 million.
Read More: Elon Musk Portfolio
2. NeuraLink
Another one of Elon Musks’ businesses is the NeuraLink Corporation which was started by Musk in July 2016. This company develops an implantable brain-machine interface. However, this startup is in the early stages and primarily plans to use the interface for people suffering from paralysis, so that it helps them to become independent again by using computers and mobile devices. NeuraLink aims that their devices would help such people by giving them the power to communicate either text or speech or use the internet or even show their talent like photography, art, or any other medium to express their creativity.
A breakthrough in this concept emerged in August 2020, when Musk revealed a pig called Gertrude that had a coin-sized computer chip fitted inside its brain. Musk has announced that NeuraLink has acquired an FDA revolutionary device designation which permits the company to conduct partial human testing under the FDA guidelines. By July 2019, the company had received $158 million in funding out of which $100 million was from Musk.
3. OpenAI
Even though OpenAI isn’t one of the companies Elon Musk started, he still co-founded it in December 2015. So, whenever you sit down and think about what companies does Elon Musk owns? Do add this one. OpenAI is a research laboratory for AI. Despite resigning from the company’s board in February 2018, Elon Musk remains one of its top donors.
This startup had an idea in mind to create a machine that uses human intelligence, however transparency and safety being the top priority. OpenAI released its first product in the market in June 2020 which is dubbed “the API,” allowing the businesses to straight away access OpenAI’s text generation AI. This interface is skilled for trillions of words from the internet.
4. SpaceX
Out of all the companies founded by Musk, SpaceX has caught the most attention. The company has made its way to the headlines as they make reusable rockets, introduced space tourism, and provide a vast satellite network that allows internet connectivity on earth. Even though Musk doesn’t have any professional degree in aeronautics, he is still the brains behind the project. Started in 2002, SpaceX aims to reduce space conveyance expenses and ultimately facilitate the colonization of Mars.
The aerospace industry has never seen this significant change until the first reusable rocket was launched in 2015. But, the achievements don’t stop here, in October SpaceX aims to launch the Crew Dragon spacecraft in the International Space Station. Moreover, Musk announced last year that SpaceX has launched its newest batch of connectivity satellites. According to Forbes SpaceX, has now a net worth of $74 billion after its latest funding in February 2021.
5. Tesla
Thinking of what companies does Elon Musk own? Tesla is the one that comes to mind. This company is what Musk is known for throughout the world. Perhaps this venture has made Musk the richest man in the world. This startup was a game-changing idea in the world of automobiles. As the world is moving towards modernization, electric- vehicles are the need of the hour. The work on the project began in 2003 and by 2005 Musk came up with the first-ever prototype of an electric car which was called the Roadster whose production started in 2008. Since then, Tesla has a wide range of electric vehicles. From sports cars to sedans, Tesla sells all. The company is now aiming to create electric semi-truck and pickup trucks.
Tesla’s aim is beyond expanding and becoming a tycoon in the automotive industry. Its goal is to promote a clean and green environment and lessen the environmental pollution. After acquiring SolarCity in 2016, it is now a subsidiary of Tesla that previously sold solar power systems but now produces panels in the form of roof gravels giving it a more aesthetic look.
6. X.com
What does Elon Musk own? Is there anything else left? Well, in 1999 Musk started an online banking system and soon enough was merged with a software company named “Confinity”. After which its name changed from X.com to PayPal, which is now the most trusted company transferring money online. In 2002, there was an online auction in which eBay bought PayPal for $1.5 billion. However, in 2017 Musk bought the privileges to X.com from PayPal, quoting nostalgia.
7. Twitter
If Elon Musk’s portfolio wasn’t already very impressive, it sure is now. Musk recently acquired Twitter for $44 Billion and we’ve got to admit, Twitter ran a hard bargain. To break it down, he bought all the shares to Twitter at $54/share, which is whopping 38% above the company’s share price. So, as of 2022, Elon Musk has also become the owner of Twitter.
8. Elon Musks’ Filing
Lastly, the 13F filings also have a little change as the position has increased to 532 which was previously 417. There has also been a change in the fund holdings i.e 10.5% and was previously 25.02%. Even though there are some positive changes but there are negatives ones as well but Tesla has proven to be great in tough times. While last year was tough for businesses around the world, Elon’s still made a profit and was recorded to be the second richest man on earth with a net worth of $199.8, according to Forbes.
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FAQs
What companies does Elon Musk currently own?
SpaceX, Twitter, The Boring Company, OpenAI, Tesla, NeuraLink, including StarLight and SolarCity are currently owned by Elon Musk with one goal in mind i.e to colonize Mars and leave the earth.
Does Elon still own PayPal?
No, Elon Musk is no more the CEO of PayPal. He remained till October 2002 after which he was the largest shareholder with 11.7% of PayPal’s shares and ties between them were cut when PayPal shares were sold.
Does Elon Musk own Ebay?
Musk was a majority shareholder of PayPal and not the owner of Ebay. Once Ebay bought PayPal in 2002 for $1.5 billion, Musk became the largest shareholder of SpaceX with 54% at stake.
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