Elon Musk is one of the biggest names on the list of the most influential and richest people in the world. He is considered a business magnate or tycoon with immense wealth garnered from a long list of successful enterprises in the present modern era. Since he is affiliated with a significantly large list of organizations that have made him a well-known face. According to the list by Bloomberg Billionaires Index and Forbes’s real-time Billionaires list.
Empire of Elon Musk: Current and Past Owned Companies
The list of current and past owned companies is listed below:
1. Founder, CEO, and Chief Engineer of SpaceX.
2. CEO, Product Architect, Investor of Tesla, Inc.
3. Owner and CEO of Twitter, Inc.
4. Founder of The Boring Company
5. Co-founder of Neuralink.
6. Co-founder of OpenAI.
7. Founder of Zip2 and X.com
8. Chairman of SolarCity (later acquired by Tesla Inc. and renamed Tesla Energy)
Business Career History
Elon Musk started Zip2 as his first company with his brother Kimbal and Greg Kouri. The company provided service after the development of the internet city guide with maps, and directions, and then his company marketed those details to the newspapers. Their business was doing good, and even got contracts from The New York Times and Chicago Tribute.
In 1999, his second organization was X.com, which was designed as an online-based financial service provider and email-payment company. He got about more than 2 lakh customers during the initial period. The company later merged with Confinity, which built the money-transfer service PayPal.
Afterward, He moved forward in building SpaceX with his own money as an investment and he became the CEO and Chief Engineer of the company in 2002. With this company, his first success came from successfully launching Falcon 1 into orbit during the year 2008. In 2015, to make reusable rockets, the company successfully landed Falcon 9 on an inland platform. The company even launched its first crewed flight into orbit, Demo-2 in 2020 and became the first private company to do so.
Elon Musk joined Tesla Inc (Originally known as Tesla Motors) during the year 2004. In the beginning, he mostly involved himself with the Roadster Product design of Tesla. In 2008, Musk finally became the CEO and also the product architect. Roadster was the first line of the electric sports car. Afterward, Tesla Inc brought their all-time best-selling car named Model 3, in 2021. The specialty of this car is that it is a plug-in electric car that was able to garner a lot of fame. In recent years, Tesla has also been working with Robots and they finally developed Optimus.
SolarCity Corporation, later acquired by Tesla Inc. in 2016, was renamed Tesla Energy. Elon Musk’s cousins Lyndon and Peter Rive are the founders of this company and Elon Musk is the chairman. The company primarily focuses on selling and installing solar energy production systems and several other related services.
During the year 2016, Business Tycoon Elon Musk co-founded a neurotechnology-based startup company named “Neuralink”. He provided about 100 million dollars as an initial investment. The company plans to develop the human brain with Artificial Intelligence for future development. They are moving forward to developing devices to integrate into people’s brains to ensure better mental capacity and memory and likewise. The company appears to conduct research on animals. Evidently, they showed a video of a Macaque playing a video game with the help of its Neuralink implant.
The Boring Company
Elon Musk founded this company in 2017 for the construction of tunnels. This company completed the Los Angeles tunnel, 3.2 km in length, in 2018. Furthermore, a tunnel under Las Vegas Convention Center finished in 2021. Additionally, approval for a tunnel also went through for construction in Fort Lauderdale in Florida.
Elon Musk became interested in buying Twitter in 2017. And after a while, in 2022, after a series of incidents related to buying shares and becoming the largest shareholder, Elon Musk finally acquired Twitter. Although, most of the users on Twitter are not happy with the Twitter experience under his leadership, nonetheless, he has acquired a top-notch organization.
Musk co-founded OpenAI in 2015, which is essentially an artificial intelligence research company to develop artificial intelligence for helping humanity better in their pursuit. After 2018, OpenAI has continuously made significant advancements in machine learning by producing neural networks like GPT-3 and DALL-E. GPT-3 helps to produce human-like text, whereas DALL-E helps to produce digital images from descriptions of natural languages.