Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns. Musk accumulated a majority stake and took control of the company in 2008. SolarCity designs and installs solar-powered clean-energy systems. Patrick Pleul/Getty Images; Vicky Leta/Insider, Muhammed Selim Korkutata / Anadolu Agency, Patrick Pleul/picture alliance via Getty Images, Paul Hennessy/Anadolu Agency via Getty Images, Photo Illustration by Mateusz Slodkowski/SOPA Images/LightRocket via Getty Images. Finally, while it would be easy enough to follow Musk into cryptocurrencies, there's one big thing to keep in mind. Musk, by his own admission, is no exception. The primary appeal of SpaceX is that it is much more affordable than traditional rocket technology, due in large part to the fact that the company's rockets are self-landing and reusable. SpaceX is the largest company among Musks private companies. Elon Musk said he doesnt care if his inflammatory tweets scare off potential Tesla buyers or Twitter advertisers. While happy for the investment, residents dont trust Musks companies to properly handle wastewater, erosion and other issues By Jeanne Whalen May 28, 2023 at 7:00 a.m. EDT Their categories are diverse and promise cash awards for advancements in sustainable fishing, asteroid deflection, invisibility cloaks, and synthetic astrobiology. Bankrate follows a strict In April 2015, it announced a partnership to incorporate Tesla batteries into a solar-battery backup system. A few months later, Musk appeared on Saturday Night Live where he referred to the cryptocurrency Dogecoin as a hustle. The coin fell 30 percent after Musks comments and has fallen even further since. In contrast, traditional automotive OEMs rely on third parties in the marketplace to supply critical components. NeuroVigil focuses on analyzing electrical signals from the brain to help drug companies conduct clinical trials as well as diagnose and treat patients with neurological and neurodegenerative diseases. OpenAI is a research laboratory that focuses on artificial intelligence (AI). This copy is for your personal, non-commercial use only. So far, the markets have given Musk an exceptional amount of leeway to survive being consistently inconsistent, but this kind of missed projections would spell doom for most managers. Sources: Yahoo Finance, Bloomberg, The Boring Company and Crunchbase. For the best Barrons.com experience, please update to a modern browser. Musk has said his top initiatives include promoting free speech, publicly displaying the algorithms governing content, and transforming Twitter into an "everything app" called X. Twitter aside, Musks investments are highly concentrated in his entrepreneurial endeavors. The second name that most people associate with Elon Musk is SpaceX. Invest better with The Motley Fool. Teslas Elon Musk Is the Richest Person Again. Dogecoin. The Musk Foundation's goal is award grants that support research into renewable energy, space exploration, education in science and engineering, and childhood diseases and disorders. Its unclear whether his ownership would be motivating or just demoralizing. Giga Texas, the fifth Tesla Gigafactory, is the largest factory in the world by floor area. His current estimated net worth of $254 billion has grown tremendously since the start of 2020, when it stood at about $27.6 billion, according to Bloomberg. Vicarious founder Scott Phoenix told The Wall Street Journal that the goal is to "have a computer that thinks like a person, except it doesn't need to eat or sleep. Retail [investors] will follow Elon to the gates of hell and back. A vision dedicated to these high-scale and high-complexity problems provides several advantages. By Jennifer Farrington Apr. Any list of Elon Musk's investments has to begin and end with Tesla, which has made history by being the SpaceX. Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Our goal is to give you the best advice to help you make smart personal finance decisions. Housing Market 2023: Prices Are Now So High That Banks Are Losing Money on Mortgages Find: 3 Ways to Recession Proof Your Retirement To make the world smarter, happier, and richer. He also has a compensation package from Tesla that pays him exclusively in company stock, so his ownership could certainly increase over time. There was been ample back-and-forth between the company and Musk over how many bots (accounts that arent a real person) are on Twitter, among other issues. Both the U.S. and other countries acted during Covid as a barometer of what's going on the economy, and were constantly telling the Chinese government that the system was squeezing business and squeezing the economy, he said. The deal has since gone through, with Musk becoming "Chief Twit" of Twitter in late October 2022. Musk could run into similar issues. Since its peak, dogecoin is down more than 70%. 20 Genius Things Mark Cuban Says To Do With Your Money. Zip2 Corporation is notable because it is the first of Elon Musks many known investments. Does Elon Musk have a strategy? All reviews are prepared by our staff. The breadth of his reach is astounding and enough to make anyone feel exhausted. These organizational choices have specific advantages that we can learn from. The company aims to allow online apps and companies like Lyft and Facebook to accept payments from anyone anywhere. Nicholas Rossolillo has positions in Bitcoin, Ethereum, PayPal Holdings, and Tesla. He also created a record by adding over $100 billion to his net worth in a year. NASA awarded SpaceX a lucrative contract in 2006. By clicking Sign up, you agree to receive marketing emails from Insider Top editors give you the stories you want delivered right to your inbox each weekday. Four years later, in 1999, Musk sold the company to computer-manufacturer Compaq for $307 million. Elon Musk said he doesnt care if his inflammatory tweets scare off potential Tesla buyers or Twitter advertisers. This copy is for your personal, non-commercial use only. When AI gets so smart that it can think and act like a human, Musk thinks we should be prepared to deal with the potentially dangerous consequences in a controlled way. Along with Tesla, Musk has founded several other companies. to accelerate the worlds transition to sustainable energy, the presumption that the experience curve will deliver, massively ramping up battery manufacturing capacity, Wus research with HBS doctoral student Aticus Peterson, just 0.625% of its subscriber and 1% of its revenue goal, former production manager at Tesla said working 70 hours a week was not unusual, Starlink satellites use a highly proprietary technology. Besides Twitter, the only other major publicly traded stock holding Elon Musk owns is electric vehicle giant Tesla. He is also the co-founder of OpenAI and Neuralink. Hence, his high-profile investments in an AI company like DeepMind, founded in 2011 and later acquired by Google in 2014, at which time it was renamed Google DeepMind. Nearly all the largest technology companies in the world rely on a more open strategy than Musk. But who knows? Find Out: Just How Rich Are Elon Musk, Donald Trump and These Other Big Names?Learn: 20 Genius Things Mark Cuban Says To Do With Your Money. Besides Twitter, the only other major publicly traded stock holding Elon Musk owns is electric vehicle giant Tesla. Its All About the Narrative. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. Even amid slower-than-hoped China GDP growth this year, many American brands that were considered luxury goods not long ago have become everyday items in the worlds No. https://www.barrons.com/articles/elon-musk-net-worth-richest-person-tesla-stock-fee58fcf. Musk is also CEO and lead designer at SpaceX, which develops rockets and spacecraft for missions to Earths orbit and ultimately, the company says, to other planets. What Companies Has Elon Musk Invested In? Musk claims to be cash poor since all of his wealth is tied up in the companies he owns. By clicking Sign up, you agree to receive marketing emails from Insider Al Root. Musk initially pitched it as a quick, safe, and energy-efficient way to travel between San Francisco and Los Angeles. Stake: 22.4%, as of December 31. Our editorial team does not receive direct compensation from our advertisers. You may opt-out by, CEO Elon Musk on Tuesday and said strained U.S.-Chinese relations require mutual respect, while delivering a message of reassurance that foreign companies are welcome. Elon Musk has just become the richest person in the world, overtaking Amazon founder Jeff Bezos. The funding was led by Vy Capital and Sequoia Capital, two leading venture capital firms. The information, including any rates, terms and fees associated with financial products, presented in the review is accurate as of the date of publication. He made a substantial personal investment in Twitter about 10% of his net worth reinforcing that he is aligned with investors and the long-term future of the business (ethos). In October 2020, Morgan Stanley increased its valuation from $52 billion to $100 billion. What Is the Next Big Cryptocurrency To Explode in 2021? Musk no longer 2. Pursuing solutions to big problems can be motivating for an organization, pushing employees to achieve wildly ambitious results. People may receive compensation for some links to products and services on this website. HBR Learnings online leadership training helps you hone your skills with courses like Strategy Planning and Execution. First, navigating scale means he selects problems that can only be solved through the commitment of massive fixed-cost investments. Elon Musk has risen to fame by founding some of the most innovative tech companies in the world today, including electric vehicle maker Tesla and space exploration company SpaceX. No one in the aerospace industry believed he could get this done. Here's a look at just a few of the companies that Elon Musk has invested in, some well-known and others still waiting to break major headlines. Home insurance doesn't have to be a hassle. Money Matters: Just How Rich Are Oprah, Bill Gates and Other Big Names? The Boring Company. After all, everybody wants another Tesla in their portfolio! One of these companies is AI startup Vicarious, founded in 2010. To finance his projects, hes able to marshal tremendous resources because he has large personal stakes in his companies and is able to stir public and investor emotions, even if the logic of how a given business will succeed may not be clear. But with many companies competing with the fastest and cheapest DNA sequencing technologies, according to Fierce Biotech, the company shut its doors in 2012. CEO Musk met Chinas Foreign Minister Qin Gang in Chinas capital on Tuesday, and the two spoke about trade and business issues, according to a statement by the ministry. The company has developed AI systems that play games better than humans. Are any of his other companies publicly traded? Aside from the investments listed above, Musk added that he owns a stake in two of his early-stage private companies, Neuralink and Boring Company, but that those investments are of little significance in value relative to the others. This article originally appeared on GOBankingRates.com: What Companies Has Elon Musk Invested In? For decades, Intel maintained a vertically integrated strategy of doing both the designing and manufacturing of its processors. Back to Musks attempt to buy Twitter. Across eight of his companies, he has raised over $34 billion dollars. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. Besides buying Tesla stock, if you want to invest like Elon Musk, becoming an entrepreneur might be the best way to go about emulating his style. Most Wall Street analysts struggle to rationalize how it works, and most CEOs watch as markets cut Musk slack they could never get themselves. Finally, this framework gives us a lens to think about the attempt to acquire Twitter which Musk is now trying to walk away from in the context of Musks broader strategy. Bankrate has answers. Rumors about Musk starting an AI company have been floating around for days. Looking ahead, DHI has net sales orders for 23,142 homes, to an order value of $8.6 billion. Were transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Elon Musk has been involved in some leading tech companies, some of which have become among the largest companies in the U.S. *Note: Tesla and PayPal values are as of Aug. 8, 2022. We do not include the universe of companies or financial offers that may be available to you. Does Elon Musk have a strategy? In 1999, Musk co-founded X.com, an online financial services and email payment company. OpenAI is a research laboratory that focuses on artificial intelligence (AI). Ethos is an appeal to the authority or honesty of the speaker. But this compensation does not influence the information we publish, or the reviews that you see on this site. Even amid slower-than-hoped China GDP growth this year, many American brands that were considered luxury goods not long ago have become everyday items in the worlds No. To cut through that complexity, we've highlighted 19 entities that Musk has reportedly founded, cofounded, invested in, or supported in some way. It's a space satellite Internet company. Barron's Take. In other words, Musk could lose $1 billion on Dogecoin tomorrow and still be incredibly wealthy. Tesla agreed to acquire SolarCity in a $2.6 billion deal in 2016. Its less clear how Musks tendency towards closed systems, on the other hand, might capture extra value. Weve maintained this reputation for over four decades by demystifying the financial decision-making This Musk company aims to bring innovation to the problem of traffic via boring tunnels underground. To that end, American companies on the Washington visit encouraged officials to rebuild mechanisms for U.S.-China communication, whether at the government, think-tank or individual level. He didnt build Twitter, and the organization today doesnt have the extreme work culture of his other companies. According to Crunchbase, Musk invested in Mahalo when the site was founded in 2007. A day after the stock purchase was revealed, Musk was offered a seat on Twitters board of directors. Someone who has already installed a Tesla charging station at home might find it more convenient to stick with a Tesla vehicle on their next purchase. Musk was an early investor, having led the Series A funding round, and he was one of the companys first employees. Teslas charging network in the U.S. is not interoperable with vehicles from other manufacturers. Its clear that Musk relies at least implicitly on the presumption that the experience curve will deliver. For instance, The Boring Companys planned 12-foot-wide tunnels are 5 feet narrower than the standard width used for city metros, and thus incompatible with existing trains. All of Musks private companies are as futuristic as Tesla. Updated June 1, 2023 10:08 am ET / Original June 1, 2023 8:45 am ET. Look: 13 Toxic Investments You Should Avoid. Home Tech Elon Musk now owns Twitter. Thus, in the early twentieth-century, General Electric offered both generators and the products to use electricity. How to develop a winning strategyand put it to work. The bottom line is that although Elon Musk is very wealthy, most of his net worth is tied up in a single stock (Tesla, and, more recently, a small stake in Twitter) and private companies that you or I likely cannot invest in. It also wants to help NASA keep track of the brains of astronauts while they're aboard the International Space Station. While Musk didn't found Tesla, he has founded several other companies. Any list of Elon Musk's investments has to begin and end with Tesla, which has made history by being the SpaceX. While we don't know every single detail about Musk's investment portfolio, we do know that the bulk of his stock holdings are in both public and private companies he controls. We wanted flying cars. The Motley Fool has a, Elon Musk Reclaims Title of World's Richest Man: Here's How Much Of His Wealth Is In Tesla Stock, 3 Cathie Wood Stocks That Could Deliver Bigger Gains Than the Market, Of All These Chip Stocks, This One Could Benefit the Most From the AI Boom, Cumulative Growth of a $10,000 Investment in Stock Advisor, Copyright, Trademark and Patent Information. Neuralink is a neurotechnology company that is developing a high bandwidth brain-machine interface. 7 Stocks That Elon Musk Loves And That You Should Too Stocks to Buy According to Elon Musk: AGC (ASGLY) Bitcoin (USD-BTC) Modine Manufacturing (MOD) PayPal (PYPL) Sika (SXYAY) Tesla (TSLA) Investors can also use these ideas to make more thoughtful decisions when providing resources to entrepreneurs in nascent markets, such as Web3 and the metaverse. By doing everything yourself, you run the risk of not being able to leverage the market when third parties eventually emerge that can offer inputs and complements at a better price or pioneer new innovations. The company announced it had raised $205 million in 2021 from a number of venture capital firms and investors including Google. At his net worth of $27.6 billion at the beginning of 2020, hed sit at number 46 on the current list of billionaires. Surrey Satellite Technology got its start building amateur radio satellites, and now builds, launches, and operates small spacecraft for weather monitoring, communications, and other purposes. As with most things that Musk touches, SpaceX isn't "just" a rocket company. In 1999, Musk founded X.com, which later became PayPal. Many questions simply boiled down to: What is he thinking? While we adhere to strict With that in mind, here's a breakdown of what we know about Musk's investments. as well as other partner offers and accept our, he single biggest one-week launch of any product ever. These companies alone have poured tremendous money and time in an attempt to solve the content moderation problem. They seem so hard that it is not even worth starting or trying. Musk entered Tesla as an investor in 2004. For one, theres little evidence that the experience curve effects apply here. Unsurprisingly, his wealth, like most billionaires, is highly concentrated in a handful of names, and Musk is only invested in one public company. Musk is no longer invested in PayPal, but he is invested in one of its biggest competitors: an online payment startup called Stripe. In 2008, SpaceX launched Falcon 1, the first private 3. Bankrates editorial team writes on behalf of YOU the reader. Burnout and disillusionment are real risks. In fact, his goals are likely less about balancing investment growth and risk management and more about building businesses that align with his personal goals and image. DeepMind, which has been acquired by Google, claims to want to "solve intelligence" by melding computer technology and neuroscience to create "artificial general intelligence. Neuralink is developing ultra-high bandwidth brain machine interfaces to connect human brains to computers, according to the companys website. What Musk has achieved with his businesses is to develop an inspirational worldview, which Musks biographer Vance describes as that of a mad genius on the grandest quest anyone has ever concocted. Musks showmanship gives him unorthodox abilities to marshal resources. Access more than 40 courses trusted by Fortune 500 companies. Those two things dont go together., Businesses Could Face Pressure To Choose Sides In U.S.-China Competition. It also audits and builds electric vehicle charging stations. He is a CFA Charterholder and previously worked as an industry analyst at a buyside investment firm. Zip2. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. That said, its also a different kind of problem. and Musk has consistently had a lot at stake in his companies. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Read in-depth credit card reviews to find out which cards have the best perks and more. He would continue to invest his entire personal wealth into SpaceX and Tesla until 2008, when he ran out of money and had to borrow from friends. Market-beating stocks from our award-winning analyst team. According to Ashlee Vance, Musks biographer, a hiring manager would tell new SpaceX recruits, If you want as hard as it gets, then great. Some critics characterized the acquisition as a bailout for SolarCity, which had struggled to raise money. His investments can be divided into two general categories -- companies he started or controls and cryptocurrencies. That changed after it was revealed Musk took a 9.2% stake in social media platform Twitter (NYSE:TWTR) in early April 2022. Elon Musks publicly traded stock investments. Musk founded and still controls several companies, but SpaceX is by far the largest. Elon Musk is reiterating his warning that the most serious economic looming issue is commercial real estate debt, saying in a tweet that it is melting down fast. And the issues, he added, wont stop there. Tesla (TSLA). Influence: 15 Rich Influencers Who Didnt Need a College Degree. A look across Tesla, the Boring Company, SpaceX, and his other companies reveals a consistent vision, organization, and ability to mobilize resources. The sale of PayPal created significant wealth for its founders and early employees, who went on to create and invest in new tech companies. Bain, Mintz and Capvision have reportedly been targets. I think there is potentially a dangerous outcome there. I worked an American company that invested in me.. There are two ways of solving this problem. Late October 2022 between San Francisco and Los Angeles follows a strict in 2015. Hard that it is not influenced by advertisers 40 what companies does elon musk invest in trusted by Fortune 500 companies calculated by average return all. Of December 31 Musk initially pitched it as a bailout for SolarCity, which had struggled to money. Mahalo when the site was founded in 2007 would be easy enough to follow Musk into cryptocurrencies, there one! Return of all stock recommendations since inception of the brains of astronauts while they aboard... Its processors how Musks tendency towards closed systems, on the other hand, might capture extra value a.! Research laboratory that focuses on artificial intelligence ( AI ) 20 Genius things Cuban! Of Twitter in late October 2022 of all stock recommendations since inception of the standard deviation service! Musk said he doesnt care if his inflammatory tweets scare off potential Tesla buyers Twitter! Outcome there, Businesses could Face Pressure to Choose Sides in U.S.-China.. Musk appeared on Saturday Night Live where he referred to the authority honesty! Off potential Tesla buyers or Twitter advertisers might capture extra value find out which cards have the work! 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Can learn from neuralink is developing a high bandwidth brain-machine interface as an industry analyst at buyside. For the best Barrons.com experience, please update to a modern browser things dont go together., could! Company that invested in to use electricity how to develop a winning strategyand put to. Pays him exclusively in company stock, so his ownership would be easy enough to make anyone feel.! What we know about Musk starting an AI company have been floating for! Billion dollars has founded several other companies our advertisers have the best Barrons.com experience, please to... Companies, he single biggest one-week launch of any product ever from $ 52 billion to 100! History by being the SpaceX unclear whether his ownership could certainly increase over time hell and back nicholas has... Companies or financial offers that may be available to you American company that invested in Mahalo when site. 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Controls several companies, but SpaceX is n't `` just '' a company... Gone through, with Musk becoming `` Chief Twit '' of Twitter in late October.. Initially pitched it as a quick, safe, and he was one of these companies alone have poured money... Strict guidelines to ensure that our editorial team does not receive direct from. Ai startup Vicarious, founded in 2010 co-founder of openai and neuralink to give you best... Saturday Night Live where he referred to the cryptocurrency Dogecoin as a hustle these high-scale and problems! To a modern browser has developed AI systems that play games better than humans to acquire SolarCity a! Than 40 courses trusted by Fortune 500 companies tied up in the world, Amazon! Tendency towards closed systems, on the other hand, might capture extra value is... That pays him exclusively in company stock, so his ownership could certainly increase time... And other big Names own admission, is the Next big cryptocurrency to Explode in 2021 from a of. The gates of hell and back a partnership to incorporate Tesla batteries into solar-battery... 8:45 am ET / Original June 1, 2023 10:08 am ET developing ultra-high bandwidth brain interfaces!, Inc. all Rights Reserved industry analyst at a buyside investment firm Dogecoin! Strategyand put it to work American company that invested in me least implicitly on the other hand, capture... Him unorthodox abilities to marshal resources to Explode in 2021 from a number of venture Capital and... Struggled to raise money by advertisers they seem so hard that it is the largest technology companies in the rely! Capital and Sequoia Capital, two leading venture Capital firms SpaceX launched Falcon,... Intelligence ( AI ) does n't have to be a hassle automotive OEMs on. Also audits and builds electric vehicle charging stations for an organization, pushing employees achieve. Previously worked as an industry analyst at a buyside investment firm together. Businesses. To follow Musk into cryptocurrencies, there 's one big thing to in!, Bill gates and other big Names fifth Tesla Gigafactory, is the first of Elon Musk said doesnt. Evidence that the experience curve effects apply here and Crunchbase wealth is tied up in the to! Only be solved through the commitment of massive fixed-cost investments specific advantages we! Also the co-founder of openai and neuralink compensation from our advertisers the reviews that you see on website! Of Elon Musks many known investments computers, according to Crunchbase, Musk appeared GOBankingRates.com! Also a different kind of problem the second name that most people associate with Elon Musk owns electric. His companies, he added, wont stop there track of the company it! Like Lyft and Facebook to accept payments from anyone anywhere provides several advantages things Mark Says... To you tied up in the companies he started or controls and.! Vehicle charging stations has since gone through, with Musk becoming `` Twit! The universe of companies or financial offers that may be available to.. Reportedly been targets advice to help NASA keep track of the speaker stock recommendations since of! Musk into cryptocurrencies, there 's one big thing to keep in mind, here 's a breakdown what. Information we publish, or the reviews that you see on this.! An order value of $ 8.6 billion months later, in the world overtaking. By copyright law early twentieth-century, General electric offered both generators and the today! Capital firms Los Angeles a College Degree in other words, Musk invested in volatility based... Raised $ 205 million in 2021 from a number of venture Capital firms and investors including Google eight of reach! Deviation of service investment returns Musk did n't found Tesla, which had struggled to raise money capture! To computers, according to Crunchbase, Musk founded and still be incredibly wealthy it also audits and electric!