Curious… what businesses does Elon Musk own?

This is a question that has intrigued many as the South African-born American entrepreneur continues to make waves in various industries.

From his early life, Musk thought differently and had an entrepreneurial spirit, which led him to leave South Africa for the United States.

Today, he’s known for being a major early founder and Chief Executive Officer of Tesla Inc., the best-selling electric car manufacturer globally. 

But did you know he also owns SpaceX, The Boring Company, Neuralink among others? The portfolio of companies under his belt is vast and diverse, with each one pushing boundaries in their respective fields.

Musk recently made headlines when it was claimed he might acquire Twitter – adding another tech giant to his impressive list. 

“I didn’t want to be at the mercy of an economy that doesn’t value technological innovation.” – Elon Musk

So what exactly does Elon Musk own? Let’s find out!

Who Is Elon Musk?

Elon Reeve Musk, a name synonymous with groundbreaking innovation and audacious entrepreneurship, is a business magnate, industrial designer, and engineer. 

Musk, born on June 28th 1971 in Pretoria, South Africa to Maye (a model and dietitian) and Errol (an electromechanical engineer), was destined for greatness. Musk developed an early interest in computing.

Musk’s path from being a tech-obsessed youngster to turning into one of the most prominent figures in innovation today has been remarkable.

In his teens, he taught himself computer programming, which led him to sell the code for a video game called ‘Blastar’ when he was just twelve years old. After moving to the United States for higher education at Stanford University, Musk dropped out after two days to co-found Zip2 Corporation, marking his first major entrepreneurial venture.

The sale of Zip2 paved the way for other successful ventures such as PayPal (sold to eBay in 2002), which further cemented his status as an astute entrepreneur.

Musk’s passion for space exploration, sustainable energy solutions, and artificial intelligence has driven him to create companies like:

  • SpaceX – Aiming to reduce space transportation costs
  • Tesla Inc. – Pushing electric vehicle production
  • Neuralink –  Focusing on neurotechnology
  • The Boring Company – specializing in tunnel construction services
  • SolarCity – Promoting renewable energy solutions

…And more!

Beyond these ventures that make headlines globally almost every day now, Elon Musk also owns a tiny $50,000 home in Austin, Texas (insert “shocked Pikachu” face).

What Businesses Does Elon Musk Own?

Elon Musk, the visionary entrepreneur and innovator, possesses an impressive array of assets that span across various industries. 

From groundbreaking companies to luxurious real estate and a diverse collection of cars, Musk’s ownership reflects his commitment to pushing boundaries and shaping the future. 

Let’s take a closer look at what he owns:

Elon Musk List Of Businesses

1. Tesla ($TSLA)

As the CEO and co-founder of Tesla, Musk has revolutionized the automotive industry with the production of electric vehicles. Tesla, with a market capitalization exceeding $600 billion, has become a dominant force in sustainable transportation.

Its flagship models, including the Tesla Roadster and the popular Tesla Model S, have captivated the market with their cutting-edge technology and sleek design.

2. SpaceX (Private)

Musk’s space exploration ambitions materialize through his ownership of SpaceX, a privately-held aerospace company.

With a valuation of over $100 billion, SpaceX has achieved remarkable feats, including the successful launch and recovery of rockets like Falcon 9 and Falcon Heavy, as well as the development of the Dragon spacecraft.

It continues to push boundaries in commercial space travel and satellite deployment.

3. The Boring Company (Private)

Musk’s infrastructure venture, The Boring Company, focuses on tunnel construction to alleviate traffic congestion.

Though privately held, the company’s estimated value exceeds $1 billion. Noteworthy projects include the Las Vegas Convention Center Loop, featuring an underground transportation system, and plans for high-speed transportation systems such as the Hyperloop.

4. Neuralink (Private)

Musk’s passion for merging technology and human potential led to the establishment of Neuralink, a privately-held neurotechnology company.

While not a publicly traded asset, Neuralink represents his vision of developing implantable brain-machine interfaces that could revolutionize human cognition and medical treatments.

The company’s groundbreaking research and advancements have attracted significant attention from the scientific community.

5. OpenAI (Private)

Musk is also involved in the development of artificial intelligence (AI) technologies through OpenAI, a privately-held research organization. OpenAI aims to advance human-friendly AI and ensure its benefits are widely distributed.

While financial details are not publicly disclosed, OpenAI has received significant investments and collaborations to fuel its mission of responsible AI development.

6. Twitter Acquisition ($TWTR)

In October 2022, Musk made headlines by acquiring Twitter for a staggering $44 billion.

This acquisition further solidified his influence in the tech industry and his intent to shape the future of social media. Twitter, a public company, continues to be a powerful platform for information sharing and communication.

Elon Musk’s Real Estate

Musk’s real estate holdings are equally impressive, reflecting his penchant for luxurious and expansive properties.

Austin, Texas Home

One notable property is his sprawling 50,000-square-foot home in Austin, Texas.

Estimated to be worth over $50 million, this impressive mansion showcases his taste for opulence and provides a private retreat in the heart of the vibrant city.

Elon Musk’s Cars

As a passionate car enthusiast, Musk possesses an exquisite collection of vehicles, ranging from iconic classics to cutting-edge electric cars.

Lotus Esprit Submarine Car ($1 million+)

Among his prized possessions is the Lotus Esprit submarine car featured in the James Bond film “The Spy Who Loved Me.”

Acquired through an auction for a price exceeding $1 million, this unique vehicle represents Musk’s fascination with both automotive engineering and pop culture.

Cybertruck ($39,900+)

Musk’s futuristic vision extends to his own creations, including the highly anticipated Cybertruck.

With prices starting at $39,900, this all-electric pickup truck combines rugged aesthetics with sustainable technology, embodying Musk’s commitment to innovation and environmental consciousness.

Elon Musk’s Other Assets

Beyond his notable companies, real estate, and cars, Musk’s assets extend to various other ventures and investments that span different industries.

While specific details may vary, his diverse portfolio demonstrates his relentless pursuit of innovation and disruption.

Elon Musk’s ownership encompasses a wide range of assets, from groundbreaking companies like Tesla and SpaceX to luxurious real estate and a remarkable car collection.

These holdings, backed by substantial monetary value, reflect his visionary mindset, entrepreneurial spirit, and profound impact on multiple industries.

Elon Musk’s Complete List of Companies

As a serial entrepreneur, Elon Musk has been involved in numerous ventures throughout his career. His ambitious projects and innovative ideas have not only changed industries but also the way we live.

Here is a complete list of all of his most important companies, ranging from Zip2 and PayPal (his earliest companies) to Twitter, which Elon Musk acquired for $44 billion in 2022:

Elon Musk’s First Companies

  • Zip2 – Founded in 1995, Zip2 provided software packages for directories and maps. Elon sold Zip2 for an impressive $307 million.
  • PayPal – Co-founded by Musk in 1999, PayPal revolutionized online payments. The company was later acquired by eBay for $1.5 billion.

SpaceX and Tesla – Elon Makes Billions

  • SpaceX – Founded in 2002, SpaceX aims to make space travel affordable and sustainable. With a current valuation of over $100 billion, SpaceX has successfully launched and recovered rockets, revolutionizing the commercial space industry.
  • Tesla – As the CEO and co-founder of Tesla, Musk has transformed the automotive industry with electric vehicles (EVs). Tesla is now valued at more than $700 billion, making it one of the most valuable automakers globally

Lesser Known Elon Musk Companies

  • Solar City – Musk played a role in SolarCity, which aimed to make solar energy accessible. In 2016, Tesla acquired SolarCity for nearly $2.6 billion.
  • Hyperloop – Though not directly involved, Musk proposed the Hyperloop concept, inspiring the development of high-speed transportation systems worldwide
  • Starlink – SpaceX’s Starlink project deploys satellites to provide global broadband coverage. With a goal to bridge the digital divide, Starlink’s estimated value exceeds $100 billion.
  • The Boring Company – Focused on tunnel construction, The Boring Company aims to alleviate traffic congestion. Its worth stands at around $1 billion.
  • Neuralink – Musk’s neurotechnology company, Neuralink, develops brain-machine interfaces. While its value is undisclosed, the potential for medical advancements is remarkable.
  • Open AI – Musk is involved in OpenAI, an organization promoting responsible AI development. Its importance lies in advancing AI technology for the betterment of humanity.

Twitter – Elon Musk’s Most Recent Acquisition

  • Twitter – In a surprising move, Musk acquired Twitter recently. With a valuation of approximately $44 billion, Twitter remains an influential platform for public discourse and information sharing.

Elon Musk’s journey with starting successful companies is truly remarkable.

In fact, it’s hard to think of another major entrepreneur who has started so many successful ventures!

Elon Musk, Zip2, and PayPal – His Entrepreneurial Origins

The journey of Elon Musk as an entrepreneur began with Zip2 Corporation, a company he co-founded with his brother Kimbal in 1996. This was the stepping stone for what would become a remarkable entrepreneurial career.

Musk’s vision and determination led to the sale of Zip2 to Compaq for $307 million in cash and $34 million in stock options.

This early success gave him the capital needed to start X.com, an online payment system that eventually became known as PayPal.

A New Chapter: The Birth of PayPal

In March 2000, X.com acquired Confinity Inc., which had developed a money-transfer service called PayPal. 

The merger marked a new chapter in Musk’s life, leading him towards creating one of the most successful online payment systems worldwide.

Selling PayPal: A Turning Point in Elon’s Career

In October 2002, eBay bought PayPal for $1.5 billion dollars. As part owner at that time, Musk received around $165 million from this deal, providing substantial funding for his future ventures.

Laying Foundations for Future Successes with SpaceX and Tesla Motors

Fueled by these early successes and driven by ambition, Elon ventured into two high-risk industries: space exploration through SpaceX and electric vehicles via Tesla Motors.

These bold moves have since shaped him into one of today’s most influential entrepreneurs.

Tesla, SpaceX, and Twitter – Elon Musk Makes Billions

As the CEO and lead designer of Tesla, Musk has gained worldwide recognition for spearheading sustainable energy solutions and revolutionizing the automobile industry.

As CEO and lead designer of Tesla, Musk has been driving the world towards sustainable energy solutions.

Musk’s vision extends beyond Earth with his aerospace manufacturer, SpaceX. His ambitious goal? To make human life multiplanetary by colonizing Mars. The launch of Falcon Heavy, which is currently the world’s most powerful operational rocket, underlines this audacious plan.

Recently, the billionaire entrepreneur drew attention with his involvement in the prominent social media platform Twitter.

Musk’s Influence on Tesla

Under Musk’s leadership, Tesla has become an undisputed leader in electric vehicles (EVs).

From launching their flagship Roadster to introducing more affordable models like Model 3 and Model Y, Tesla continues to innovate while promoting sustainability.

The Vision Behind SpaceX

In addition to changing how we drive here on Earth, Elon Musk aims to change where humans can live through SpaceX.

With successful missions like transporting astronauts to the International Space Station (ISS), SpaceX is making space travel more accessible than ever before.

A Stake In Twitter?

Beyond cars and rockets, Musk also holds significant influence over social media platforms such as Twitter, a recent development that further underscores his diverse business interests. 

In fact, he purchased the entire social platform for $44 billion in 2022! Many people have criticized this decision – particularly social justice warriors in the United States… 

However, Elon Musk insists that maintaining a pro free-speech social media platform where people can share and exchange ideas is essential for the American and international political system.

Elon Musk Net Worth – World’s First Trillionaire?

As of 2023, Forbes estimates that Elon Musk’s net worth is around $164 billion. But how did he amass such a fortune? 

Let’s delve into the details…

Musk made his initial wealth from PayPal, which was sold to eBay for $1.5 billion in 2002. He invested his earnings into SpaceX and Tesla, both of which have since become multi-billion dollar companies.

The majority of Musk’s wealth comes from his stakes in these two companies. His stake in Tesla alone is estimated to be worth over $100 billion as per Business Insider.

In addition to this, he also owns significant shares in The Boring Company and Neuralink, further adding to his net worth.

Tesla Stocks And Wealth Accumulation

Tesla stocks have been a major contributor towards increasing Elon Musk’s net worth dramatically over the years. 

Elon Musk’s immense wealth has been largely attributed to his investment in Tesla stocks, making him one of the wealthiest people on earth.

The Impact Of SpaceX On His Fortune

Beyond Tesla, another significant portion of Elon Musk’s wealth comes from SpaceX – an aerospace manufacturer and space transportation company he founded back in 2002 with the goal of reducing space transportation costs and enabling colonization on Mars.

Earnings From Other Ventures

Apart from these well-known ventures, there are several other businesses that contribute significantly towards boosting Elon Musk’s overall financial portfolio including SolarCity (now part of Tesla), OpenAI among others.

It should be mentioned that while we’re discussing billions here, much like any entrepreneur or investor – even someone as successful as Mr. Musk experiences fluctuations within their total assets due to various market factors.

Elon Musk’s Net Worth Over the Years

Tracking the financial trajectory of Elon Musk, one can see a steady and impressive rise in his net worth over the years.

The journey to becoming one of the richest people on earth has been nothing short of extraordinary.

2008: The Financial Crisis Hits Hard

In 2008, amidst a global economic crisis, Elon’s net worth was reportedly under $1 billion. 

His companies Tesla and SpaceX were on the brink of bankruptcy.

2012: First Billionaire Milestone Reached

In 2012, Musk achieved billionaire status with a reported net worth of approximately $2 billion following the Tesla Motors IPO.

2015: A Multi-Billionaire in Just Three Years

In just three years, by 2015, his wealth had grown exponentially to approximately $13 billion due to successful launches and contracts at SpaceX, as well as increasing stock prices for Tesla.

2023: Becomes the World’s Richest Person

The year 2023 marked an unprecedented surge in Elon Musk’s fortune. His net worth skyrocketed from about $27 billion at the start of the year to more than $185 billion by December.

Tesla Stock Price Skyrockets

This dramatic increase was largely attributed to Tesla’s soaring stock price, which increased more than nine-fold within that year alone.

A Successful Year for SpaceX Too.

Beyond Tesla, another significant contributor was his space exploration company SpaceX, which also saw tremendous success during this period, including launching astronauts into space for NASA for the first time ever from U.S soil since 2011.

This led private investors to value it at nearly $100 billion, making it one of the most valuable private companies globally.

Elon Musk’s Real Estate and Assets

Known for his entrepreneurial spirit and innovative thinking, Elon Musk, the CEO of SpaceX and Tesla, has amassed a significant amount of wealth over the years.

This section delves into Elon Musk’s real estate holdings and other assets.

Musk’s property portfolio is as diverse as it is impressive. In 2023, he made headlines when he announced plans to sell all his physical possessions, including his homes.

Musk’s Properties in California

In Los Angeles alone, Elon owned several high-end properties worth millions.

Elon’s most well-known abode was a luxurious $17 million estate in Bel Air with seven bedrooms and nine bathrooms. He also owned five other houses in the same neighborhood.

Selling Off His Real Estate Portfolio

In line with his plan to liquidate his assets, Elon sold four of these properties to billionaire Ardie Tavangarian. The total sale price was reported at around $62 million.

Texas Ranch: A New Home Base?

Moving away from California due to its tax laws, Musk reportedly bought a $30 million ranch in Texas which now serves as his primary residence.

The Future Of Starbase City?

Beyond personal residences, there are rumors that Elon plans on creating an entire city named ‘Starbase’ near SpaceX’s private launch site in Texas – another testament to this visionary entrepreneur’s ambitions.

Elon Musk’s Family Life

Known for his groundbreaking ventures, Elon Musk is also a family man. Despite his busy schedule, he manages to spend quality time with his children.

Musk has seven sons from two marriages.

In 2000, Elon married Canadian author Justine Wilson. Their first son, Nevada Alexander Musk, tragically died of Sudden Infant Death Syndrome (SIDS) at ten weeks old in 2002.

The couple then decided to have more kids through IVF and had twins Griffin and Xavier in 2004, followed by triplets Damian, Saxon, and Kai in 2006. Unfortunately, the couple divorced in 2008 but share custody of their five sons.

In December 2018, Elon started dating musician Claire Boucher, also known as Grimes

The pair welcomed their first child together in 2020, named X Æ A-12, which caused quite a stir due to its unusual name. They later changed it to X AE A-Xii due to California regulations prohibiting names with numbers or symbols.

Elon also had a second child with Grimes named Exa Dark Sideræl Musk, and according to court documents, he also recently had twins with one of his Neuralink executives in 2022…

Maintaining Balance Between Work And Family Time

Finding balance between work commitments and family life can be challenging, especially when you’re running multiple billion-dollar companies like SpaceX and Tesla. 

However, Elon makes sure that he spends time with his kids every day regardless of how busy he might be.

Raising Future Innovators

Musk believes strongly in education but isn’t a fan of traditional schooling methods for teaching children about the world around them. Instead, he created an experimental school called AdAstra where there are no grades given out.

Elon Musk’s Future Plans: What He Wants to Accomplish in the Years Ahead

As an entrepreneur, Elon Musk is always looking ahead. His ambitious future plans are as intriguing as his current achievements.

Musk has set his sights on colonizing Mars.

This might sound like science fiction, but with SpaceX’s Starship project under development, it could become a reality. The goal? To make life multiplanetary and ensure human survival in case of a catastrophic event on Earth.

Beyond Mars, Elon also dreams of expanding human presence across the solar system. He has ambitions of venturing to Europa, one of Jupiter’s moons, and Titan which orbits Saturn.

Apart from space exploration, another major focus for Musk is sustainable energy solutions. Musk is striving to hasten the shift of the planet to sustainable energy sources, with Tesla at the vanguard of electric vehicle technology.

The proposed Tesla Solar Roof, for instance, combines aesthetics with functionality by turning rooftops into power generators that can charge your EVs or supply electricity to your home – making you less dependent on grid power.

Moving towards AI, Elon has co-founded Neuralink – a neurotechnology company developing implantable brain-machine interfaces (BMIs).

The ultimate aim here is merging humans with artificial intelligence which, according to him, would prevent an existential risk posed by superintelligent AI systems taking over humanity.

Tunneling & High-Speed Transport

In addition to these ventures, there’s also The Boring Company that focuses on tunnel construction and infrastructure development aimed at reducing traffic congestion in cities through high-speed underground transportation networks known as Loop systems.

An example being the Las Vegas Convention Center Loop.

Cryptocurrency Enthusiasm

Last but not least, let us not forget about Elon’s enthusiasm for cryptocurrencies, especially Bitcoin and Dogecoin. It will be interesting to see how this fascination plays out in terms of financial innovation or disruption moving forward.

All these endeavors reflect Musk’s belief that technological progress can solve many societal challenges we face today while pushing the boundaries of what humanity can achieve tomorrow.

Elon Musk Famous Quotes

  1. “When something is important enough, you do it even if the odds are not in your favor.” – Elon Musk
  2. “Life is too short for long-term grudges.” – Elon Musk
  3. “To our knowledge, life exists on only one planet, Earth. If something bad happens, it’s gone. I think we should establish life on another.” – Elon Musk
  4. “You must have the right ingredients at the right proportion to win.” – Elon Musk
  5. “The first step is to establish that something is possible; then probability will occur.” – Elon Musk
  6. “When something is important enough, you do it even if the odds are not in your favor.” – Elon Musk
  7. “You want to have a future where you’re expecting things to be better, not one where you’re expecting things to be worse.” – Elon Musk
  8. “It’s OK to have your eggs in one basket as long as you control what happens to that basket.” – Elon Musk
  9. “Persistence is very important. You should not give up unless you are forced to give up.” – Elon Musk
    “I would like to die on Mars. Just not on impact.” – Elon Musk
  10. “I think the best way to predict the future is to invent it.” – Elon Musk
  11. “If you’re trying to create a company, it’s like baking a cake. You have to have all the ingredients in the right proportion.” – Elon Musk

Elon Musk Frequently Asked Questions

1. What Businesses Does Elon Musk Own In 2023?

In 2023, Elon Musk owns several businesses including SpaceX, Twitter, The Boring Company, Tesla, and Neuralink, among others.

2. What Did Elon Musk Make His Money From?

Elon Musk made a significant portion of his wealth from the sale of PayPal to eBay for $1.5 billion in 2002. 

He has also amassed wealth through his ventures in companies like SpaceX and Tesla.

3. What Is Elon Musk’s IQ?

Elon Musk’s IQ is not publicly known as he has not disclosed it, but many experts estimate his IQ to be approximately 150-155.

4. Does Elon Musk Own PayPal?

While Elon Musk co-founded PayPal, he does not currently own it. After the sale of PayPal to eBay, Musk moved on to focus on other ventures such as SpaceX, Tesla, and Neuralink.

5. What Does Elon Musk Drive?

Elon Musk drives various vehicles depending on the occasion. He is known to own and drive Tesla electric cars, including models like the Tesla Roadster, Model S, and Model X.

6. What Companies Is Elon Musk The CEO Of?

Elon Musk serves as the CEO of several companies, including SpaceX, Tesla, The Boring Company, and Neuralink.

7. Is Elon Musk Self Made?

Elon Musk can be considered self-made as he has played a significant role in founding and leading multiple successful companies. His entrepreneurial vision and relentless drive have contributed to his success.

8. How Much Money Did Elon Musk Start With?

Elon Musk started with a significant sum of money after the sale of PayPal, which earned him around $165 million after taxes.

This allowed him to invest in and start new ventures like SpaceX and Tesla.

9. What Age Did Elon Musk Become A Billionaire?

Elon Musk became a billionaire at the age of 31 when he sold his company Zip2 Corporation to Compaq for $307 million in 1999.

10. Is Elon Musk An Engineer?

While Elon Musk holds degrees in physics and economics, he is primarily known as an entrepreneur and visionary rather than a professional engineer.

However, he actively involves himself in the technical aspects of his companies.

11. Did Elon Musk Start An AI Company?

Yes, Elon Musk started a non-profit AI company called Open AI.

Elon says the goal is to create “safe” open-source AI technology, to help prevent a “Terminator” style doomsday scenario on Earth where robots take over humans.

Verdict – What does Elon Musk Own?

Elon Musk is the ultimate boss with a portfolio that’s out of this world!

From Zip2 and PayPal to Tesla, SpaceX, Neuralink, and The Boring Company, this guy knows how to make money moves.

With a net worth that’s skyrocketing faster than his rockets, Musk is living proof that dreams can become reality.

So, what does Elon Musk own? Brace yourself for a mind-blowing list of companies that will leave you in awe.

And as he continues to revolutionize industries like electric vehicles, space exploration, and renewable energy, we can’t help but wonder what he’ll conquer next!