What Owns Elon Musk?
Elon Musk is a business magnate, engineer, and visionary futurist. He is the founder of several successful companies, ranging from automobile companies to space exploration to battery technology. Musk’s net worth is estimated to be around $44 billion as of 2021. He has invested his wealth into a variety of projects, ranging from commercial spaceflight to renewable energy. Musk owns a group of companies that have a stake in multiple industries, including transportation, energy, and aerospace. But what owns Elon Musk?
Tesla
One of Musk’s most successful ventures has been Tesla, which he founded in 2003. Tesla is an American electric-products company that designs, manufactures, and sells electric vehicles, solar panels, and energy storage systems. Being the Chairman and CEO of Tesla, Musk has a 22% controlling interest in the company. Tesla is currently the largest producer of electric cars and is valued at over $670 billion, more than twice the market value of General Motors and Ford combined.
Space Exploration Technologies
Another interesting venture of Elon Musk is Space Exploration Technologies (SpaceX). Founded in 2002, SpaceX is a private aerospace manufacturer and space transportation services company. SpaceX has been responsible for some of the most innovative spacecraft designs, making reusability of rocket components a reality. It has already become the first ever private companies to return a spacecraft from low-Earth orbit, and to launch a spacecraft which then flew to the International Space Station. Musk holds a 54% stake in the company and is the Chief Executive Officer of SpaceX.
The Boring Company
The Boring Company is another company which Elon Musk owns. Founded in 2016, this company is focused on developing underground transportation systems such as high-speed tunnels and hyperloop networks. The company was formed in order to alleviate traffic congestion and reduce commute times. The Boring Company has completed several projects, including a two-mile tunnel in Las Vegas and two tunnels in Los Angeles. The company is still developing new technologies and is expected to become a major player in the transportation industry in the near future. Musk owns 51% of the Boring Company’s shares.
SolarCity
SolarCity is yet another company which is partially owned by Elon Musk. The company is a provider of residential and commercial solar energy services and products, providing cost-effective alternative energy sources. SolarCity was one of the largest solar companies in the United States and was acquired by Tesla in 2016. Musk owned a majority stake in the company prior to its acquisition and is now a shareholder in Tesla.
Neuralink
Neuralink is a neuroscience research company, founded in 2016. This company is focused on developing and implementing systems which can integrate the human brain with computers and other artificial objects. Neuralink is developing sophisticated hardware, software, and algorithms in order to create a human-machine interface which will allow humans to interact with computers and machines without having to physically move their bodies. Musk is the CEO of Neuralink and owns 10 Million shares in the company.
OpenAI and X.com
OpenAI is an artificial intelligence research and development laboratory, co-founded by Musk and Sam Altman in 2015. The company is focused on developing AI applications for everyday use, such as robotics and machine learning. X.com is an online bank and the predecessor of Paypal. Musk played an instrumental role in the formation of X.com and owned a majority stake in the company before it was acquired by Paypal in 2006. Musk still owns a majority stake in Paypal.
Philanthropic Activities
Elon Musk has been very active in the realm of philanthropy. He is the founder of the Musk Foundation and has been involved in a number of philanthropic initiatives, including the donation of thousands of ventilators during the Covid-19 pandemic. In 2020, Musk also spearheaded a donation drive which raised thousands of dollars for Australian forest fire relief.
Hyperloop and Neuralink Technologies
Musk has several ventures which are devoted to pushing the boundaries of technological advancement. One of these is the Hyperloop system. The Hyperloop is a high-speed train system which uses a vacuum tube system in order to transport people and goods at speeds of up to 760 miles per hour. The company has already begun building test runs, and is expected to bring the technology to market in the near future. His venture in the brain-computer interface technology field is Neuralink, a brain–computer interface research and development venture. The initial aims of the project are to introduce microbiome-enhanced neuroprosthetics to treat neurological disorders, in particular those resulting from strokes, spinal cord injuries and ALS.
The Boring Company and SolarCity
The Boring Company is a tunneling infrastructure and transportation technology firm. Founded in 2016, the company has designed tunneling systems to alleviate traffic congestion in major cities and reduce commute times. The Boring Company has already created a two-mile tunnel in Las Vegas and two tunnels in Los Angeles. Musk owns a majority stake in the company. SolarCity is another company which Elon Musk owns a large stake in. The company is a provider of residential and commercial solar energy services and products and was acquired by Tesla in 2016.
Starlink and VIP Religious Retreat
Starlink is a satellite broadband internet services provider, founded in 2015. The system is created in order to provide global internet coverage. Starlink has already launched several successful satellite missions, and is set to become one of the largest providers of broadband internet services in the world. Musk also owns a series of VIP religious retreats in Los Angeles, which provide a spiritual experience in private settings. Musk has also invested heavily in SpaceX, an aerospace manufacturer that designs and builds spacecraft.
OpenAI and X.com
OpenAI is an artificial intelligence research laboratory, co-founded by Musk in 2015. OpenAI aims to develop applications which can integrate the human brain with computers and other objects. X.com is an online bank and the predecessor of Paypal. Musk owned a majority stake in the company prior to its acquisition and is still a shareholder in X.com and Paypal.
Philanthropic Activities
Elon Musk is an active philanthropist, donating millions to charity. In 2020, he spearheaded a donation drive which raised thousands for Australian forest fires relief. He also heads the Musk Foundation which supports charitable endeavors focused on science and engineering education. He has also been involved in a number of other philanthropic initiatives, including the donation of thousands of ventilators during the Covid-19 pandemic.