Here are 6 Companies Owned by Musk including Twitter
The Executive Headlines
Elon Musk is making it to the headlines after buying Twitter for a staggering amount of $43 Billion. This is not the first time that the Tesla CEO has bought ownership of a leading company. In fact, there are several companies owned by Musk which are leading the way in their respective niche segment. In this blog, we have curated a list of companies owned by Musk which have shaken the industry and played a vital role in transforming it into something better.
A renowned American entrepreneur, Elon Musk is a popular business tycoon and investor. He=is knack and passion for business started at an early age and he also began showing interest in becoming an entrepreneur. 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 Musk’s 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. Whether 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.
List of companies owned by Elon Musk
With this latest development, people are looking around to find the list of all companies owned by Elon Reeve Musk. Read on as we have shared the same in our article below!
Niche: Space Transportation and Communications
Space Exploration Technologies Corp. is a $100 billion private enterprise providing space transportation services and a communications corporation. It was founded in the year 2002 by Elon Musk to drastically reduce the cost of space transportation so that it will pave the way for the colonization of Mars. SpaceX manufactures the Falcon 9 and Falcon Heavy launch vehicles along with many rocket engines, Cargo Dragon, and Starlink communications satellites.
Musk started getting himself involved with the nonprofit Mars Society in 2001 as he was inspired by plans to place a growth chamber for plants on Mars planet. Musk traveled all the way to Moscow along with Jim Cantrell and Mike Griffin to purchase refurbished Intercontinental ballistic missiles (ICBMs) in 2001 so that he can send the greenhouse payloads into space.
Niche: Cars and Trucks
Tesla Inc is the world’s most valuable automotive company with a market cap of more than $1 trillion based in Austin, Texas. The clean energy company not only designs but also manufactures electric vehicles including cars and trucks.
It also makes battery energy storage from home to grid-scale, solar panels, and solar roof tiles. Tesla was originally Tesla Motors founded in the year 2003 by Martin Eberhard and Marc Tarpenning.
Musk later joined the company with an investment of $6.5 million in a Series A round of investment in 2004. He then joined Tesla’s board of directors as chairman. In 2008, Musk assumed leadership of the company as CEO and product architect.
3. SolarCity and Tesla Energy
Niche: Solar Energy Generation Systems
Tesla Energy develops, manufactures, sells, and installs photovoltaic solar energy generation systems. It also provides battery energy storage products and related services to customize the needs of residential, commercial, and industrial clients. It is the clean energy subsidiary of Tesla, Inc., headquartered in Fremont, California.
The subsidiary was established in 2015 as Elon wanted to the battery technology to a home energy storage system called the Powerwall. Next year Tesla Energy acquired SolarCity to add solar energy generation to its business in a US$2.6 billion deal.
Industry: Tech and AI
Niche: Implantable Brain-Machine Interfaces
Neuralink Corporation is a neurotechnology company in the process of developing implantable brain-machine interfaces (BMIs). Elon Musk is the Co-founder of this SanFrancisco based company established in 2016.
5. The Boring Company
Niche: Infrastructure and Tunnel Construction Services
Elon Musk is the founder of The Boring Company (TBC) which provides infrastructure and tunnel construction services. Its present and proposed projects are designed specifically for intra-city transit systems.
The Boring Company has been founded to resolve the issue pertaining to traffic in big American cities. It finished two tunnels in Las Vegas for loop travel. The projects are in different stages of testing, discussion, and planning.
Industry: Social Media
Niche: Microblogging Platform
Twitter is a microblogging and social networking services platform started in the year 2006 where users can post and interact. The messages posted by users are called “tweets”.
Twitter headquartered in San Francisco, California, was founded by Jack Dorsey. It has around 25 offices worldwide. The characters were initially restricted to 140 which was later increased to 280 in 2017. Elon Musk with his latest acquisition will now have Twitter in his portfolio of companies with 400 million active users.