(AP) — Elon Musk, the world’s richest man and now first-ever trillionaire, controls a lot of different businesses.
Electric vehicles. Brain implants. Underground tunnels. A social media platform once called Twitter. And a rocket maker that blasted off its trading from Wall Street this week.
Here’s a look at Musk’s vast business empire.
SpaceX
Musk is CEO of SpaceX, which he founded in 2002. The company has grown far beyond rockets. It owns satellite communications service Starlink, a big source of cash for the company that generated $4.4 billion in operating income last year. SpaceX also houses social media platform X, formerly known as Twitter, which Musk bought for $44 billion in 2022 and parked it under xAI, the maker of the Grok chatbot.
Some think that price tag significantly overvalues the company. SpaceX has promised it will become a leader in AI and one day help make human life multiplanetary — with lofty, and at times sci-fi sounding, goals that range from putting data centers in space to colonizing Mars. But the bulk of that hinges on unproven technology and massive capital needs.
Tesla
Musk is also CEO of Tesla, a role he has held at the electric car maker since 2008.
Beyond the road, Tesla has been upping production of robots for homes and businesses. And it’s also been in the solar energy business for about a decade with it purchase of SolarCity, which was founded by Musk and two of his cousins. Tesla went public in 2010, and went on to join the trillion dollar club on the S&P 500. Its market cap currently stands around $1.5 trillion.
Neuralink
Musk has also the CEO title at Neuralink, a brain-computer interface company he co-founded in 2016.
The Boring Company
Musk also founded The Boring Company, a decade-old tunnel digging and underground transportation business.
The Boring Company is behind projects like the “Vegas Loop” — a network of underground, Tesla-hailing tunnels that first opened around around the Las Vegas Convention Center in 2021. It’s promised to deliver a network of high speed transit — with plans to also make tunnels in Dubai and Nashville. Still, pushback has piled up along the way. The company has been accused of breaking multiple safety and environmental requirements in Las Vegas, where its full route is still unfinished, and other criticism from some local officials in Nashville.
Musk made his initial fortune by creating two companies, Zip2 and PayPal ( once X.com ). Those then-startups were sold to new owners decades ago — but netted him about $200 million at sale, which Musk used to later start SpaceX and invest in Tesla.
