Elon Musk is the second-richest businessman in the world and the CEO and chairman of Tesla and SpaceX, as well as the king of cryptocurrency, the pioneer of space exploration, and technology, and the seeker of Mars. But do you know that not only Tesla or Twitter, but Elon Musk also owns many other companies too? Moreover, Musk has reached the peak of his career at a comparatively young age, and had his own share of struggles and failures to finally reach the position where he is today. This tremendous business tycoon is an inspiration to many. After a lot of struggles and failures, Elon Musk owned more than 10 companies.
Here’s The List Of 8 Best Companies Managed By Elon Musk:
The fact that Musk is also a co-founder of PayPal may come as a shock to some. A multinational financial technology company called PayPal offers online money transfers as an electronic substitute for checks and money orders.
PayPal was established in 1998 and merged with Musk's previous business, X.com, in 2000. With approximately 73 million net new accounts in 2020, PayPal had its biggest year to date and rose to the Fortune 500.
Musk established the aerospace firm SpaceX in 2002. SpaceX and its rivals aim to be the corporations that can lead humanity further into the stars because NASA has been lagging behind in space exploration since the 1980s.
Musk wants to make it economically feasible for people to travel to Mars and explore space. For a private corporation, SpaceX has accomplished a number of firsts, including the first orbital human launch and the first crewed spacecraft reuse and relaunch.
Tesla is undoubtedly the brand for which Musk is most known. Since its foundation in 2003, the American electric vehicle and clean energy business, Tesla has garnered media attention for its innovations in the automotive and clean energy sectors.
By creating energy storage solutions like solar panels and solar roof tiles, as well as batteries for electric vehicles, Tesla intends to hasten the transition to sustainable energy. The company has won numerous awards, but one that stands out is that it created the first luxury all-electric sedan and is currently working on its cheapest vehicle, which will go on sale in 2023.
An angel investor is an individual who provides capital for a business or business start-up, usually in exchange for convertible debt or ownership equity. Angel investors usually give support to start-ups at the initial moments (where the risks of the start-ups failing are relatively high) and when most investors are not prepared to back them.
The Boring Company
The business was established in 2016 for Musk's infrastructure development. He has previously spoken about his ideas for a "Hyperloop" transportation system, which would essentially be vehicle tubes beneath the ground. The proposals have come under fire for being less practical and more expensive than other public transportation options, like trains.
In 2016, Musk co-founded a business conducting brain research. Its goals include treating severe brain disorders and making an effort to connect artificial intelligence and the human mind. The start of clinical trials is anticipated soon.
He asserted that the innovation "would allow a paralysed person to use a smartphone with their mind faster than a person using thumbs."
In 2015, Musk established OpenAI, non-profit research, and development organisation. Despite leaving the board in 2018, he continues to be a significant donor. With the intention of guaranteeing that "artificial general intelligence benefits all of humanity," the business is a rival to DeepMind.
OpenAI is one of the top AI research facilities in the world with the ultimate objective of being the first business to create a machine with the learning and reasoning abilities of a human mind.
Twitter is the latest purchase made by Musk. Though his plans for the website are not yet clear, he will undoubtedly change its course. Elon Musk stated in a statement that "free expression is the cornerstone of a healthy democracy, and Twitter is the digital town square where issues crucial to the future of humanity are debated."