Elon Musk is now the 2nd richest person in the world. But in 2018-2019 Elon musk doesn’t show in the list of the top 20 richest people in the world. So how it happened? Because Elon disrupted many tech industries and revolutionize them.
Today Elon Musk consider the real Tony Stark from Marvel because he is the Nikola Tesla of our generation. Elon Musk stared those companies which common peoples think it is not possible.
Many big American newspapers say Elon Musk is almost in all technology business. He is multi-talented. He is an engineer, industrial designer, & thinker too.
He started from PayPal but did not stop here. His largest inventions are SpaceX, Tesla, OpenAI, & many others.
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Being the CEO & co-founder of Tesla, he became the richest person in the world. His revenue has a total worth of $209 billion. Hence, he defeated Jeff Bezos & became the only ONE.
Furthermore, his vision about its all companies discusses below. Let’s Wrap the Intro and dive into Elon musk companies.
How many companies does elon musk own?
There are many companies but we started from popular to less popular industries respectively.
Elon Musk’s companies
The Musk’s life investments are following of these;
- SpaceX (including Starlink)
- Tesla (including Solarcity)
- The Boring Company
- OpenAI
- Neuralink Corporation
- Paypal
Watch & Listen Elon Musk Biography:
1. SpaceX
Elon Musk is the name of purification. He gave importance to the reusable rockets, space, & tourism. He also worked on the network of satellites of internet connectivity. This exciting SpaceX company was founded in 2002. Actually musk wanted to reduce space transportation costs. He made the road map to colonization of Mars.
The company made history in the aerospace industry. Hence, the company launched its first reusable rocket in 2015. Exactly after five years, the company made history successfully. SpaceX made a record of reuse of a Falcon 9 first stage booster.
Here is not the end. Company made a lot of achievements. The company launched its Crew Dragon Spacecraft as the first operational mission to the international Space Station at the end of October.
Goal of the company
The goal of SpaceX is to give the idea of space-traveling in an exciting way. The company has the mission to fly humans into space. It consisted of three ambitious programs i.e, Crew Dragon, Starship, & Starlink.
Milestone
SpaceX made record both on financial & technological inventions.
- NASA awarded SpaceX with the highest-paid lucrative contract in 2006.
- In 2009, the company launched it’s Falcon 1. It is the first-ever private liquid-propellant rocket.
- Another project the Dragon spacecraft finds its destination in the International Space Station.
- NASA awarded a second high leveled project to help shuttle crew members. It acts as a bridge between the ISS & Earth.
Revenue of SpaceX
- Being a private company, it is difficult to determine the funds. In an estimation, SpaceX earned about $1.33 billion from only three rounds of funding.
- In Feb 2020, the company raised about $250 million at the rate of $220 per share.
- It makes its place in the most demanding of any pre-IPO companies due to its $36 billion value.
- Now the company has a worth of more than $100 million.
- The shares are uncountable due to the largest revenue. Overall, Musk is the largest shareholder of SpaceX.
In addition, Musk announced that he is launching its latest batch of connectivity satellites. He broke this news in his recent tweet.
2. Tesla
Tesla is another marvelous invention. It cannot be wrong to say that it is the best invention of Musk. He introduced battery-electric cars. Tesla is an electric wheel maker that changes the game.
Goal of the company
The goal of the company is to introduce sustainable transportation. Musk worked on it & gave the world a unique invention of electric cars.
He also aimed to create larger vehicles with the contribution of UPS & PepsiCo. Electric automotive are affordable & high-quality. Nominated models of Tesla are Model S, the Model X SUV, & the high-end Roadster supercar.
Working
He started in July 2003. At the end of 2015, the company introduced the prototype of electric cars, named the Roadster. The company set its startup into production in 2008.
At this time, the company has launched a lot of electric vehicles. These include SUVs, sports cards, & sedans. Moreover, the company is also launching its electric semi-truck soon.
Tesla always finds ways to expand its automotive business. The motto is clean energy generation & storage.
Musk did not stop here. Another Musk’s company SolarCity sold solar power systems. The company sold its solar panels. It produces panels in the form of roof shingles. The purpose is to make attractive solar panels. In fact, Tesla produces the best battery systems to store their energy.
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Revenue
Reports revealed that Musk earned about $346 million of stock awards on the basis of the company’s performance. Musk seemed to be not interested in any salary or cash earning. He only receives stock award options that make the company’s capitalization. It was not less than a growth milestone.
The interesting thing is that Musk owns only 24% of the company. He owns shares of around 241 million.
3. The Boring Company
“Traffic is driving me nuts. Am going to build a tunnel boring machine & just start digging.”
A tweet by Elon Musk in December 2016
Elon Musk has observed the rush traffic in Los Angeles. He felt disappointed due to the limited two-dimensional transportation network. He takes the startup to develop subterranean tunnels. These tunnels allow the pedestrians, freight, utilities, & other vehicles to have more traffic on the road’s surface to be more organized from A to B point.
Goal of TBC
The traffic situation motivated Elon Musk. The goal of his company is:
“Construct safe, fast-to-dig, & low cost transportation, utility, & freight tunnels.”
Working of TBC
The company takes on multiple projects. These include tunnels that carry passengers from Washington DC to Baltimore, Maryland. The company has taken the initial test of its tunnel. This tunnel is located in Hawthrone, California. The other project was under construction in Las Vegas to ferry people exactly around the Convention Center campus.
Records made by The Boring Company
Musk’s The Boring Company built records of selling 20,000 flamethrowers to customers. That’s why it made a revenue of $10 million. You may be shocked to know about the Not-a-Flamethrower. It has been a publicity stunt or developed another way to make more money. This project makes a high amount without taking on any debt or diluting ownership.
Environmental impacts of TBC
Musk knows very well about the environmental impacts of TBC. The main problem was the “dirt”. So he made his company to reduce the dirt from tunneling. Each of the Boring Brick cost 10 cents. It can be the source of affordable housing projects.
This idea of reusing the dirt into building materials reduced the emissions. The emissions derived from the traditional concrete builds.
All of this makes Musk’s vision more clear.
4. OpenAI
Musk kept an eye on every problem. The OpenAI is a phenomenal intelligence research laboratory. Musk took this startup in December 2015. There is a twist in Musk’s journey. He resigned from the OpenAI’s board in February 2018. But he remained connected as the top donor of the company.
Basically, Musk launched this company in late 2010 with his investors.
Goal of the company
Musk worried about the artificial intelligence of humans. He added that OpenAI is not meant for the purpose of earning. He just wanted to give a window for the utilization of artificial intelligence.
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Working
This company works to build a machine that prioritizes transparency & safety with human artificial intelligence. OpenAI launched its first product in June 2020. This tool is called “the API”. It allows businesses to directly access OpenAI’s power general purpose text generation. It has been trained on trillions of terminologies from the global village. The company did not publish the full version of text generation of AI due to misused threats.
Revenue
The company unclosed its total amount. The sale of the company was between $400 to $600 million.
5. Neuralink Corporation
Another remarkable startup of Musk is Neuralink Corporation. Musk started it in July 2016. It is developing an implantable brain-machine interface. The company planned to use the technology to help paralyzed people. The main purpose is to make special people regain their independence through devices like computers & mobile phones.
Goal of the Neuralink Corporation
The billionaire entrepreneur has the goal to merge the computer with the human’s nervous system. He wants to make it a solution for every disable person.
The company wants to make the devices human friendly. People can communicate through the text or speech analysis, & surf the website. He wants to give people the way of expressing their thoughts. They can show their creativity through photography, art, or writing apps.
Working of the Neuralink Corporation
Musk performed an experiment on pigs called Gertrude. He unveiled it with a coin-sized computer chip in his brain to prove the concept. Musk revealed that Neuralink got an FDA breakdown device designation. This device allows the company to conduct limited human testing under the FDA guidelines.
6. PayPal
Elon Musk founded an online bank X.com in November 1999. The company was bought by eBay in 2001 for $1.5 billion. It was merged & renamed as PayPal.
It is a popular payment system. It provides the electrical alternatives to traditional banking. The co-founders of PayPal are Ken Howery, Max Levchin, & Peter Thiel. All of these are nominated names in the bank industry.
Now Musk does not have any share in PayPal. He left his position when an e-commerce company purchased it. Reports revealed that Musk earned about $180 in this sale.
Future analysis of Elon Musk Companies
Elon Musk did his job very well. Many of us benefited from his inventions. No doubt, he worked so hard from PayPal to Tesla. He made a Change.
Technology is a crucial part of our lives. We must think if we do anything for the betterment of people. Remember, what Must said about his company OpenAI? He said, he just launched it for society rather than making money. His every company is highly beneficial for the people. He introduced Tesla to prevent Earth from Air pollution by Electric Cars. He worked on launching rockets in his company SpaceX. He worked on OpenAI. So that the world utilizes artificial intelligence in a better way.
Which company do you like the most? Share your views with us.
