Elon Musk is a tech mogul, investor, and inventor. He’s the founder of PayPal, Tesla Motors, SpaceX and SolarCity. But did you know that he also owns a lot of different companies? Here’s our rundown on everything Elon Musk owns!
Tesla
Tesla is a company that makes electric cars. It was founded in 2003 and based in Palo Alto, California. Elon Musk is the CEO of Tesla and owns about 20% of its shares. He also owns SpaceX (a space exploration company), SolarCity (a solar energy company) and Hyperloop Transportation Technologies Inc., which is working on building a high-speed transportation network between Los Angeles and San Francisco.
SpaceX
SpaceX is a rocket company founded by Elon Musk, who aims to make space travel affordable and accessible. The company was founded in 2002 and has since become the first private company to have launched and landed rockets on multiple occasions. SpaceX currently has over 50 missions planned for 2018 alone, with launches scheduled from Vandenberg Air Force Base in California as well as Cape Canaveral Air Force Station in Florida.
Neuralink
Neuralink is a neurotechnology company founded by Elon Musk in 2016. The company is working on brain-computer interfaces, or BCIs–devices that can connect your brain to a computer. Neuralink has two main goals; Helping people with disabilities and chronic illnesses who need advanced neural implants by making them more affordable and accessible. Creating human-machine symbiosis so that people can keep up with advancements in artificial intelligence (AI) through direct interaction between their brains and computers
The Boring Company
The Boring Company is a tunnel-construction company founded by Elon Musk. Its main focus is building tunnels under cities, with the goal of reducing traffic and improving transportation. The Boring Company’s first project was to build a two-mile test tunnel in Hawthorne, California. After receiving regulatory approval from Los Angeles County in 2017, construction began on this 1-mile (1.6 km) long tunnel with the aim of providing proof-of-concept for its future projects. The company has since received approval from Baltimore officials for an underground transit line that would connect downtown with Baltimore–Washington International Airport (BWI). The project is estimated at $12 billion USD and requires further funding before construction can begin.
OpenAI
OpenAI is a non-profit AI research company that was created in 2015 by Elon Musk and Sam Altman. It is focused on building safe AI and ensuring that the technology benefits humanity as much as possible. OpenAI has made many important contributions to AI research, including creating an algorithm that learned how to play video games better than humans can, developing algorithms which can learn from their mistakes and improve over time (referred to as “reinforcement learning”), making significant progress towards beating humans at Go–a popular strategy game with more possible moves than chess–and publishing research papers detailing how they did it all!
Hyperloop Technologies
The Hyperloop is a high-speed transportation system that would send small pods of people through low-pressure tubes. The idea was first proposed by Elon Musk in 2013, and he later founded a company called Hyperloop Technologies to develop and build it. The company raised $130 million in funding from investors including Sherpa Capital, Formation 8, Jump Capital (which also invested in SpaceX) and InsureX. That money has gone towards building a test track for its technology near Las Vegas’ Interstate 15 freeway as well as hiring engineers from NASA’s Jet Propulsion Laboratory (JPL).
We’ve covered all of the major companies owned by Elon Musk, but there are others that he has invested in. These include SolarCity, Hyperloop One and SpaceX competitor Blue Origin. As we mentioned at the start of this article, Musk also owns a stake in Tesla Motors through his investment firm SpaceX Inc (which is not technically an LLC).
