Curious… what companies does Elon Musk own? 

Elon Musk, the South African-born American tech entrepreneur, has an impressive and diverse portfolio that includes such renowned companies as Tesla and SpaceX.

From electric car manufacturer Tesla to space exploration company SpaceX, Musk’s holdings span across multiple industries, pushing boundaries and redefining what’s possible.

Musk acquired Twitter recently adding another feather to his cap. But that’s just the tip of the iceberg.

So, what companies does Elon Musk own in 2023?

Elon Musk owns a wide variety of manufacturing and technology companies including Tesla, SpaceX, The Boring Company, Neuralink, Open AI, Starlink, and Twitter. 

Elon got his start by building and selling Zip2 and PayPal for hundreds of millions of dollars. After the sale, he invested his $200 million in savings into companies like SpaceX and Tesla, and the rest is history!

In this post, we’ll delve into Musk’s biography, exploring his early life in South Africa and his journey to starting and owning some of the most important companies in the world today.

We even answer your most important questions, including:

  • What is Elon Musk’s net worth in 2023?
  • What is Elon Musk’s educational background?
  • What are some of Elon Musk’s most notable achievements?

…And much more!

We will also explore Tesla – an electric car company founded by entrepreneurs Martin Eberhard and Marc Tarpenning but became best-selling under Musk’s leadership as chief executive officer. Additionally, we’ll touch on SpaceX – a major early funder was none other than Musk himself!

“When something is important enough, you do it even if the odds are not in your favor.” — Elon Musk

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

Who Is Elon Musk?

Elon Reeve Musk, born on June 28, 1971, is a renowned entrepreneur and business magnate known for his ambitious vision of the future. 

He emigrated to the US as a young adult in order to further his education.

Musk’s entrepreneurial journey began with Zip2 Corporation, an online city guide software company he co-founded with his brother Kimbal in 1996. Zip2 was acquired by Compaq in February 1999 for approximately $300 million in cash and $34 million in stock options.

In March 1999, Musk co-founded X.com, an online payment company that later became known as PayPal. In October 2002, eBay acquired PayPal for $1.5 billion, following the success of Musk’s previous ventures.

After achieving notable success, Musk set up SpaceX (Space Exploration Technologies Corp.) with the intention of cutting down on space travel expenses and making Martian colonization possible. 

Recent advancements made by SpaceX have brought Musk’s dream of colonizing Mars closer to reality.

Musk is also associated with other notable companies such as Tesla Inc., Neuralink, and The Boring Company. Tesla has revolutionized the electric vehicle industry, Neuralink aims to develop implantable brain-machine interfaces (BMIs), and The Boring Company focuses on infrastructure and tunnel construction services.

Aside from his entrepreneurial achievements, Musk is often compared to the fictional character Tony Stark, also known as “Iron Man,” as his persona reportedly served as inspiration for the character.

What Companies Does Elon Musk Own?

The name Elon Musk is synonymous with some of the most innovative and groundbreaking companies in today’s tech world. 

His entrepreneurial journey has seen him create and acquire a diverse range of businesses, each contributing to his astronomical net worth.

As of 2023, Elon Musk owns 7 major companies, including:

  • SpaceX: Private space exploration company.
  • Tesla: Electric vehicle manufacturer.
  • Starlink: Satellite internet project associated with SpaceX.
  • The Boring Company: Tunnel construction firm.
  • Neuralink: Brain-machine interface developer
  • OpenAI: “Safe” AI research organization.
  • Twitter: Social media platform for sharing short messages.

Musk was also previously the co-owner of PayPal and Zip2, as well as other companies including Solar City (now part of Tesla) and Hyperloop.

Now let’s take a closer look at all of Elon Musk’s most important companies…

Zip2 And PayPal – Elon Musk’s First Companies

Elon Musk, a visionary entrepreneur, co-founded two groundbreaking companies early in his career – Zip2 and PayPal.

  • Zip2, founded in 1995, was a software company that provided business directories and maps for newspapers. Elon Musk dropped out of graduate school to start this project with his brother Kimbel Musk, and in 1999 he sold the company for $307 million! Elon got a whopping $22 million from the sale, which he used to start his next company – PayPal.
  • PayPal, established in 1998, revolutionized the digital payment landscape. Initially serving as a secure way to transfer money between Palm Pilots, it quickly grew into a global online payment platform. Elon played a critical role in getting PayPal profitable, and he was rewarded with a $200 million payout in 2001 for his efforts!

Elon famously took the $200 million he earned from selling PayPal, and invested all of it in new companies including Tesla, SpaceX, and Solar City – more on those below!

Tesla And SpaceX – Elon’s MOst Important Companies

In 2002 Elon Musk sold PayPal for $1.5 billion (he earned $200 million for himself following the sale). Most people would just sit back and relax, but Elon invested ALL of his money into three companies:

  • SpaceX – $100 million invested
  • Tesla – $70 million invested
  • Solar City – $10 million invested

SpaceX and Tesla, two of Elon Musk’s most important ventures, have played a crucial role in propelling him to a net worth exceeding $200 billion. 

  • SpaceX, founded in 2002, has redefined space exploration and transportation. Through its pioneering efforts, SpaceX has successfully developed reusable rockets, significantly reducing the cost of space travel. 
  • Tesla, established in 2003, has spearheaded the electric vehicle revolution. With innovative models like the Roadster, Model S, Model 3, and Model X, Tesla has demonstrated that electric cars can be both stylish, high-performing, and environmentally friendly. 

The remarkable achievements of SpaceX and Tesla have not only reshaped their industries, but have also propelled Elon Musk’s net worth to unprecedented heights!

Elon’s Other Notable Companies

In addition to SpaceX and Tesla, there are several other ventures under Musk’s umbrella:

  • SolarCity: A provider of solar energy services which was later merged into Tesla.
  • Neuralink: A neurotechnology firm developing implantable brain-machine interfaces (BMIs).
  • The Boring Company: An infrastructure and tunnel construction service company aiming at reducing traffic congestion through a system of underground tunnels.

Musk also holds stakes in various other enterprises such as OpenAI – an artificial intelligence research lab – and DeepMind – another AI-focused entity owned by Alphabet Inc., Google’s parent company. 

All these ventures reflect his passion for technology advancement while addressing global challenges like sustainable energy production or human life expansion beyond Earth.

While it may seem like Elon owns all these companies outright, technically speaking, they’re held by trusts that manage his assets on behalf of himself and family members due to legal reasons.

Elon Buys Twitter!?

Elon Musk’s newest company is Twitter, which he purchased in October 2022 for a staggering $44 billion!

Under his leadership, significant changes have taken place on the platform:

  • Elon is promoting Twitter as a “free speech” platform.
  • He fired 80% of his employees, who he says were acting as social justice activists.
  • Elon is rebranding Twitter to “X”, and intends to make Twitter a comprehensive social media platform / app store.

One notable development since Musk took over is the rebranding of Twitter to “X.” This bold move signifies Musk’s vision to create a larger, all-in-one social media platform that goes beyond traditional tweeting. 

By renaming the platform and replacing the iconic bird logo, Musk aims to establish a fresh identity for X.com and set it apart from its predecessors.

While further details about X.com and its specific features remain undisclosed at this time, Musk’s track record of innovation and disruption suggests that his vision for the platform may redefine the landscape of social media once again.

Elon Musk, Zip2, and PayPal – His Entrepreneurial Origins

The entrepreneurial journey of Elon Musk began with two groundbreaking companies: Zip2 and PayPal. These ventures laid the foundation for his future success.

Musk co-founded the web software company Zip2 in 1996, which was later sold to Compaq for $307 million. This initial venture gave him a taste of what it takes to build and sell a successful business.

In 2000, Elon joined forces with X.com, an online payment system that would eventually become PayPal. As Chief Executive Officer, Elon was instrumental in formulating the organization’s outlook and plan.

The sale of PayPal to eBay in 2002 for $1.5 billion marked another significant milestone in Musk’s career – not only boosting his net worth but also solidifying his reputation as a tech entrepreneur capable of creating disruptive businesses.

A Glimpse into Elon’s Mindset during these Early Ventures

Musk’s early successes can be attributed to his unique approach towards entrepreneurship. 

He believed in challenging conventional wisdom and pushing boundaries — qualities that are evident even today across all his ventures.

Risk-Taking: A Key Aspect of Elon’s Success Story

Bold risk-taking has been integral to Elon’s journey from the start. 

After selling PayPal, instead of resting on his laurels or investing safely, he put almost all the proceeds into SpaceX and Tesla, both risky propositions at that time.

Influence of Early Ventures on Later Successes:

The experiences gained from building Zip2 and PayPal provided invaluable lessons for Musk. This knowledge would prove instrumental when launching subsequent enterprises like SpaceX, Tesla Motors, and SolarCity, among others.

Taking Lessons from the Past to Shape the Future:

Much like how past experience shapes our decisions, Musk applied learnings from earlier failures to avoid similar pitfalls while setting up new businesses. 

This is one reason why, despite numerous challenges, his companies have managed remarkable achievements such as landing reusable rockets or revolutionizing the electric vehicle market.

In essence, the story of Elon Musk serves as an inspiration, showing us how perseverance, risk-taking, and learning from past mistakes can lead to extraordinary outcomes.

Tesla, SpaceX, and Twitter – Elon Musk Makes Billions

Elon Musk’s entrepreneurial journey took a significant turn when he founded Tesla Motors in 2003. His vision was to create electric vehicles that didn’t compromise on performance.

Musk’s dedication paid off as Tesla became a household name globally, revolutionizing the automotive industry with its innovative technology and design.

The launch of the Model S sedan in 2012 marked a turning point for Tesla. The vehicle received critical acclaim and established Tesla as a major player in the auto industry.

Beyond automobiles, Musk ventured into space exploration by founding SpaceX. His goal? To make human life multiplanetary.

In less than two decades, SpaceX has achieved numerous milestones, including launching cargo (and now astronauts) to the International Space Station with reusable rockets – an unprecedented feat.

Musk’s most recent business venture is his investment in the social media giant Twitter. In April 2023, it was revealed that he had acquired a significant stake in Twitter Inc., making him one of their largest shareholders.

Tesla: A Revolution on Wheels

Tesla’s success has been driven by a combination of high-performance electric cars that are both eco-friendly and luxurious, as well as their direct-to-consumer sales model which disrupted the auto industry status quo. 

Firstly, they’ve developed high-performance electric cars that are both eco-friendly and luxurious. 

Secondly, their direct-to-consumer sales model bypassed traditional dealerships, disrupting the auto industry status quo.

SpaceX: Reaching for The Stars

In addition to ferrying supplies and astronauts to the ISS using Falcon rockets, SpaceX aims at colonizing Mars. 

They’re developing Starship – designed for carrying humans across vast distances within our solar system.

A Tweet Away from Success

Musk’s involvement with Twitter, though not operational like his other ventures, still impacts billions worldwide through influencing conversations around tech innovation and future trends.

Elon Musk Net Worth – World’s First Trillionaire?

Known for his innovative ideas and groundbreaking companies, Elon Musk‘s net worth is a topic of great interest. As of 2023, Elon Musk is the richest man in the world with a staggering net worth of $234 billion!

Yes, that’s right – Elon Musk is richer than other famous entrepreneurs including Jeff Bezos, Bill Gates, and Warren Buffet.

Here is a complete breakdown of the current richest people in the world, according to Forbes’ real-time billionaire list:

  • Elon Musk – $234 billion
  • Bernard Arnault – $219 billion
  • Jeff Bezos – $161 billion
  • Larry Ellison – $142 billion
  • Warren Buffet – $120 billion

So how did Elon get so rich?

Musk’s riches originate from the different productive undertakings he has taken on throughout the years. 

Born in South Africa, Elon moved to America with dreams that have since transformed industries ranging from electric vehicles to space travel. His fortune primarily stems from two major sources: Tesla Inc., where he serves as CEO, and SpaceX, which he founded in 2002.

Elon Musk, a visionary entrepreneur and innovator, has amassed an extraordinary net worth of $234 billion. 

The majority of his wealth stems from the remarkable appreciation of Tesla stock, which skyrocketed by almost 700% starting in 2020. 

With such a staggering fortune, many speculate whether Musk could become the world’s first trillionaire!

Elon Musk’s Income

Elon Musk does not have a formal salary. Instead, he gets stock options from the companies that he works for.

When his companies like Tesla and SpaceX increase in value, so does his net worth!

Of course, there are ways to calculate how much money he makes over time. One such method is to track how fast his net worth appreciated over the past 5 years. 

Here are my calculations:

  • Per Second: $1,376
  • Per Minute: $82,600
  • Per Hour: $4.96 Million
  • Per Day: $118.94 Million
  • Per Week: $832.58 Million
  • Per Month: $3.57 Billion
  • Per Year: $42.82 Billion

Based on my calculations, Elon Musk makes $42.82 billion per year, $3.57 billion per month, and $832.58 million per week! 

He also makes $82,600 per minute – which is more than most people make in an entire year!

Looking Ahead

As Musk continues to push the boundaries of innovation and drive change through his ventures, the world eagerly watches to see if he will achieve the unprecedented milestone of becoming the world’s first trillionaire. 

The implications of such vast wealth and its potential to reshape industries and society as a whole make this an interesting topic to follow in the coming years.

Elon Musk Net Worth By Year

  • 2014 = $8.4 Billion
  • 2015 = $12.1 Billion
  • 2016 = $10.7 Billion
  • 2017 = $13.9 Billion
  • 2018 = $19.9 Billion
  • 2019 = $22.3 Billion
  • 2020 = $24.4 Billion
  • 2021 = $151 Billion
  • 2022 = $219 Billion
  • 2023 = $234 Billion

Elon Musk’s Real Estate and Assets

The billionaire entrepreneur Elon Musk’s real estate and assets are as fascinating as his ventures into space. His portfolio includes a mix of luxurious mansions, innovative tech companies, and even an electric car brand.

Musk is known for owning several high-end properties in Los Angeles, including a cluster of six houses on the same street in Bel Air. 

Elon recently declared his intention to part with the majority of his material possessions, including the multiple homes he owns in Los Angeles.

In terms of transportation, Elon owns a private jet for business travels and commuting between various work locations. He also has an impressive collection of cars, ranging from vintage classics to modern electric vehicles, all reflecting his passion for sustainable energy.

Tesla: A Major Asset

A significant part of Musk’s wealth comes from Tesla Inc., where he serves as CEO. 

The company’s skyrocketing stock price has greatly increased Musk’s net worth, making him one of the richest people on earth.

Boring Company & Neuralink Holdings

Beyond Tesla and SpaceX, Elon holds stakes in other forward-thinking businesses like The Boring Company, which aims to revolutionize transport through underground tunnels, and Neuralink, which is working towards integrating AI with human brains.

Cryptocurrency Investments

Musk is also known for being bullish about cryptocurrencies such as Bitcoin and Dogecoin. His tweets have often caused fluctuations in their prices. 

While it isn’t clear how much cryptocurrency Musk personally owns, “he once called himself ‘The Dogefather’, indicating some level of ownership or influence over these digital currencies.”

Selling Off Physical Possessions?

In 2023, Musk made headlines by declaring that he would be selling off almost all physical possessions. 

“I think possessions kind of weigh you down,” said the billionaire during an interview. This included listing several luxury homes owned by him for sale.

A Look Into Future Assets?

Mars colonization plans via Starship spacecrafts, a project under SpaceX, might just become another asset adding to Elon’s ever-growing list. 

As we look ahead to future possibilities with anticipation…

Elon Musk’s Family Life

Despite his busy schedule, Elon Musk, the CEO of SpaceX and Tesla, also has a bustling family life. He is a father to six children, all from his previous marriage with author Justine Wilson.

Their firstborn, Nevada Alexander, was sadly lost to Sudden Infant Death Syndrome (SIDS). 

The couple later had twins, Griffin and Xavier, through in vitro fertilization (IVF), followed by triplets Damian, Saxon, and Kai.

Musk’s relationship history includes high-profile names such as actress Talulah Riley, whom he married twice before their final divorce in 2016. In May 2023, Elon welcomed another child named X Æ A-12 with Canadian musician Claire Boucher, popularly known as Grimes.

Musk’s Relationship With His Children

Musk has shared insights into his parenting style. 

Despite being one of the busiest people on Earth, running multiple companies simultaneously while planning interplanetary travel for humanity, he still manages to spend time with his kids.

Musk’s Personal Interests And Hobbies

Apart from running billion-dollar businesses like Tesla and SpaceX or envisioning futuristic projects like Hyperloop or Neuralink, Elon Musk also enjoys some personal hobbies, including reading books about physics and engineering or playing video games. 

These interests have played a significant role in shaping him into who he is today – an innovator pushing boundaries beyond imaginable limits.

X Æ A-12: An Unusual Name For An Extraordinary Child?

In May 2023, when Grimes gave birth to their son X Æ A-12, it created quite a stir online because of its unusual name, which reflects both parents’ love for unique expressions.

Balancing Work And Family Life

Finding balance between work commitments and family life can be challenging, especially for someone like Elon who works up to 100 hours per week at times. 

Yet, despite these challenges, Musk continues striving towards creating a better future not just for himself but for all humanity while taking care of his growing family too.

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

As an entrepreneur, Elon Musk is known for his ambitious plans and groundbreaking visions. His future projects are as fascinating as they are audacious.

Musk has made it clear that he sees humanity becoming a multiplanetary species. This vision is primarily being pursued through his company SpaceX, with its flagship project Starship.

The ultimate goal? Colonizing Mars.

This isn’t just about setting up a small outpost but building a self-sustaining city on the Red Planet by 2050. It’s an unprecedented endeavor that would redefine our understanding of space exploration and human capabilities.

In addition to colonizing Mars, Elon Musk also aims to revolutionize transportation here on Earth. Through another one of his ventures, The Boring Company, he intends to construct vast networks of underground tunnels for high-speed transit systems called Hyperloops.

The idea behind this? 

To alleviate traffic congestion in major cities and drastically reduce travel times between distant locations.

Moving towards sustainable energy solutions is another key objective for Musk. At Tesla, efforts continue towards creating affordable electric vehicles and expanding their reach globally. 

Additionally, there’s a focus on enhancing solar power technology via SolarCity – aiming to make renewable energy sources more accessible than ever before.

Beyond these goals, though, lies perhaps the most controversial plan yet – Neuralink. 

This venture seeks to develop ultra-high bandwidth brain-machine interfaces (BMIs). The potential of Neuralink could span from treating neurological conditions such as Parkinson’s to combining humans with AI.

Elon Musk Famous Quotes

  1. “There’s a tremendous bias against taking risks. Everyone is trying to optimize their ass-covering.” – Elon Musk
  2. “Brand is just a perception, and perception will match reality over time. Sometimes it will be ahead, other times it will be behind. But brand is simply a collective impression some have about a product.” – Elon Musk
  3. “It’s very important to like the people you work with; otherwise, your job is going to be quite miserable.” – Elon Musk
  4. “I don’t believe in process. In fact, when I interview a potential employee and he or she says that ‘it’s all about the process,’ I see that as a bad sign.” – Elon Musk
  5. “My motivation for all my companies has been to be involved in something that I thought would have a significant impact on the world.” – Elon Musk
  6. “I say something, and then it usually happens. Maybe not on schedule, but it usually happens.” – Elon Musk
  7. “You have to be pretty driven to make it happen. Otherwise, you will just make yourself miserable.” – Elon Musk
  8. “The problem is that at a lot of big companies, process becomes a substitute for thinking. You’re encouraged to behave like a little gear in a complex machine. Frankly, it allows you to keep people who aren’t that smart, who aren’t that creative.” – Elon Musk
  9. “I do love email. Wherever possible, I try to communicate asynchronously. I’m really good at email.” – Elon Musk
  10. “I always have optimism, but I’m realistic. It was not with the expectation of great success that I started Tesla or SpaceX… It’s just that I thought they were important enough to do anyway.” – Elon Musk
  11. “It’s OK to have your eggs in one basket as long as you control what happens to that basket.” – Elon Musk
  12. “The idea of lying on a beach as my main thing just sounds like the worst— it sounds horrible to me. I would go bonkers. I would have to be on serious drugs. I’d be super-duper bored. I like high intensity.” – Elon Musk

Elon Musk Frequently Asked Questions

1. What Businesses Does Elon Musk Own?

Elon Musk owns several notable businesses including SpaceX, Tesla, SolarCity and Tesla Energy, Neuralink, The Boring Company, and Twitter.

2. What Is The Biggest Company Elon Musk Owns

The biggest company owned by Elon Musk is Tesla, an electric car manufacturer that has become a global leader in sustainable transportation.

3. Does Elon Musk Still Own PayPal?

No, Elon Musk does not own PayPal anymore. He co-founded the company but sold it to eBay in 2002.

4. What Is Elon Musk’s IQ?

Elon Musk’s IQ is not publicly disclosed, but its estimated to be approximately 150-155. 

IQ scores are generally considered confidential and not commonly shared.

5. What Does Elon Musk Drive?

Elon Musk has been seen driving various vehicles over the years, including a Tesla Model S, a Tesla Cybertruck, a McLaren F1, and even a Lotus Esprit submarine car from the James Bond movie “The Spy Who Loved Me.”

6. What Cryptos Does Elon Musk Own?

Elon Musk has shown interest in cryptocurrencies and has publicly spoken about Bitcoin and Dogecoin. 

However, it is important to note that his personal cryptocurrency holdings are not publicly disclosed.

7. Who Actually Runs Tesla?

Tesla is currently run by a team of executives led by Elon Musk as the CEO. 

Musk plays a significant role in guiding the company’s vision and strategy.

8. How Is Elon So Rich?

Elon Musk’s wealth stems from his successful ventures, including Tesla and SpaceX, as well as his significant ownership stakes in these companies. 

The appreciation of Tesla stock starting in 2020 contributed significantly to his net worth.

9. Who Owns Tesla Now?

As of my last information, Elon Musk still owns a significant portion of Tesla, although the exact percentage may change due to fluctuations in ownership and trading activities.

10. What Did Elon Musk Invent?

While Elon Musk is known for his groundbreaking innovations and contributions to various industries, he did not invent any specific technology or concept himself. 

However, he has played a pivotal role in revolutionizing electric vehicles, space exploration, and other areas through his leadership and entrepreneurial endeavors.

Verdict – What companies does Elon Musk own?

Elon Musk: the ultimate entrepreneur and business magnate who owns more successful companies than you can count on one hand.

From Zip2 to PayPal, Tesla to SpaceX, and even Twitter, Musk has built an empire that would make even Tony Stark jealous.

His net worth? Let’s just say it’s enough to buy a small country (or maybe a few).

But it’s not just about the money for Musk. He’s also got a killer real estate portfolio and a knack for pushing boundaries in every industry he touches.

So, what’s next for this real-life Iron Man? Only time will tell, but one thing’s for sure: he’s not done surprising us just yet.