26 Major Companies Owned or Co-owned By Elon Musk

 

Elon Musk was born on June 28, 1971, in Pretoria, South Africa. He is a billionaire entrepreneur and inventor known for his role in founding and leading several prominent technology companies. Elon Musk was associated with several prominent businesses. Here are some of the major companies owned or co-owned by Elon Musk:

26 Major Companies Owned or Co-owned By Elon Musk:

1. Zip2: Musk co-founded his first company, Zip2, in 1996, which provided business directories and maps for newspapers. Compaq later acquired it for nearly $300 million. Zip2 Corporation was one of Musk's earliest ventures, Zip2, was a city guide software for newspapers. Compaq acquired it for a significant sum in the late 1990s.

2. PayPal: He co-founded X.com, an online payment company, which eventually became PayPal after a merger. PayPal revolutionized online payments and was acquired by eBay. PayPal was sold to eBay for $1.5 billion in stock.

3. SpaceX: In 2002, Musk founded SpaceX (Space Exploration Technologies Corp.) with the goal of reducing space transportation costs and enabling the colonization of Mars. SpaceX has achieved significant milestones in space exploration. The company has launched numerous rockets, conducted missions to the International Space Station, and developed plans for interplanetary travel.

4. SpaceX Starship: SpaceX is actively developing the Starship spacecraft, designed for interplanetary travel. Elon Musk envisions Starship as the vehicle that will eventually carry humans to Mars and beyond. SpaceX's Starship is intended for a wide range of missions beyond Mars colonization, including lunar missions for NASA's Artemis program and potential point-to-point Earth travel.

5. SpaceX Starlink: A subsidiary of SpaceX, Starlink aims to provide global satellite-based internet coverage. It plans to launch thousands of small satellites into low Earth orbit to deliver high-speed internet access to underserved and remote areas.

6. SpaceX Starship for Space Tourism: SpaceX has plans to use the Starship for space tourism, potentially allowing civilians to travel to space and even around the Moon.

7. Tesla, Inc.: Musk became involved with Tesla Motors (now Tesla, Inc.) in 2004, an electric car company. He's been instrumental in its growth and vision to accelerate the world's transition to sustainable energy. Musk has been a key figure at Tesla since 2004, where he played a significant role in the development of electric vehicles. Tesla is known for its electric cars, solar energy products, and energy storage solutions.

8. Tesla Energy: Under the Tesla brand, Musk's companies have ventured into renewable energy solutions, including solar panels, solar roofs, and energy storage products like the Powerwall and Powerpack.

9.Tesla Autopilot: Tesla has been developing advanced driver-assistance systems, including Autopilot and Full Self-Driving (FSD) features, as part of its electric vehicle technology.

10. Tesla Powerpack: In addition to the Powerwall for residential use, Tesla introduced the Powerpack for commercial and utility-scale energy storage applications.

11. Tesla Supercharger Network: Tesla has been expanding its Supercharger network globally, providing fast charging infrastructure for Tesla electric vehicle owners.

12. Tesla Semi: Tesla announced the development of an all-electric semi-truck, the Tesla Semi, aimed at revolutionizing the commercial transportation industry.

13. SolarCity: Musk co-founded SolarCity in 2006, a solar energy services company, which Tesla later acquired to create integrated clean energy solutions.

Musk was involved in SolarCity, a solar energy services company founded by his cousins, before Tesla acquired it in 2016. The merger allowed for integrated clean energy solutions.

14. SolarCity/Tesla Solar Roof: Tesla's acquisition of SolarCity allowed the company to offer solar energy products, including the Solar Roof, which integrates solar panels into roofing materials for residential and commercial buildings.

15. The Boring Company: Musk also founded The Boring Company, which focused on tunnel construction and infrastructure projects, including the development of the Hyperloop concept. Elon Musk founded The Boring Company in 2016, which aims to revolutionize tunneling technology for transportation and infrastructure projects. The Boring Company has proposed tunnel projects in various cities to alleviate traffic congestion, with notable projects such as the Las Vegas Convention Center Loop.

16. Neuralink  Corporation : In 2016, Musk co-founded Neuralink, a neurotechnology company aimed at developing brain-computer interfaces to enhance human capabilities by merging human brains with artificial intelligence and address neurological disorders. Neuralink continues to work on developing brain-computer interface technology, with Musk's goal of addressing neurological disorders and advancing human capabilities.

17. OpenAI: Musk was a co-founder of OpenAI, an organization dedicated to researching artificial intelligence and ensuring its responsible development. However, he is no longer directly involved.  

18. Pravduh AI (formerly Thud): Elon Musk was involved in a media project called Pravduh AI (formerly known as Thud), which focused on satirical and critical journalism.

19. Gigafactories: Tesla has been building Gigafactories around the world to produce electric vehicles, batteries, and energy products at scale. These facilities play a crucial role in Tesla's expansion and production capacity.

20. Hyperloop: While not a separate business, Musk proposed the Hyperloop concept, a high-speed transportation system using vacuum tubes, in 2013. While other companies have taken up the development, Musk's initial idea sparked interest in this innovative mode of transportation.

21. Tesla Cybertruck: Tesla unveiled the Cybertruck, an all-electric pickup truck with a distinctive design. Production plans for the Cybertruck were underway, aiming to cater to the growing demand for electric trucks.

22. SpaceX Crewed Missions: SpaceX successfully launched multiple crewed missions to the International Space Station (ISS) in collaboration with NASA, using the Crew Dragon spacecraft.

23. Expansion of Starlink Internet: SpaceX's Starlink satellite internet service expanded its beta program and began providing internet access to more regions worldwide, with plans for broader coverage.

24. Tesla Model Y: Tesla's Model Y, a compact SUV, entered production and became available to customers, further expanding Tesla's electric vehicle lineup.

25. Musk Foundation: Elon Musk established the Musk Foundation, a philanthropic organization, to support various causes, including renewable energy research, disaster relief, and education.

26. Twitter: Business magnate Elon Musk initiated an acquisition of American social media company Twitter, Inc. on April 14, 2022, and concluded it on October 27, 2022. Musk had begun buying shares of the company in January 2022, becoming its largest shareholder by April with a 9.1 percent ownership stake. Twitter invited Musk to join its board of directors, an offer he initially accepted before declining. On April 14, Musk made an unsolicited offer to purchase the company, to which Twitter's board initially responded with a "poison pill" strategy to resist a hostile takeover, before unanimously accepting Musk's buyout offer of $44 billion on April 25. Musk stated that he planned to introduce new features to the platform, make its algorithms open-source, combat spambot accounts, and promote free speech.

Acquisition of Twitter by Elon Musk

 

Initiator

Elon Musk

Target

Twitter, Inc.

Type

All-cash full acquisition

Cost

US$44 billion

Initiated

April 14, 2022

Completed

October 27, 2022

Resulting entity

X Corp.

In July, Musk announced his intention to terminate the agreement, asserting that Twitter had breached their agreement by refusing to crack down on spambot accounts. The company filed a lawsuit against Musk in the Delaware Court of Chancery shortly thereafter, with a trial scheduled for the week of October 17. Weeks before the trial was set to begin, Musk reversed course, announcing that he would move forward with the acquisition. The deal was closed on October 27, with Musk immediately becoming Twitter's new owner and CEO. Twitter was taken private and merged into a new parent company named X Corp. Upon acquiring Twitter, Musk promptly fired several top executives, including previous CEO Parag Agrawal. Musk has since proposed several reforms to Twitter and laid off half of the company's workforce. Hundreds of employees then resigned from the company after Musk issued an ultimatum demanding they commit to "extremely hardcore" work. Under Musk's ownership, Twitter, Inc. was renamed X Corp., while the Twitter app was rebranded as X.

Musk is known for his ambitious vision of the future, which includes electric cars, sustainable energy, space exploration, and advancements in artificial intelligence. He's a highly influential figure in the tech industry and continues to make headlines for his innovative endeavors and ventures.