Elon Musk now owns Twitter. Here are the busy billionaire's 4 other companies and what they all do.
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Elon Musk now owns Twitter, making it the fifth company led by the world's richest man.
Musk runs Tesla and SpaceX alongside two smaller start-ups, Neuralink and The Boring Company.
From building rockets and brain chips to digging tunnels, here's what all of Musk's companies do.
Twitter and Elon Musk formally closed on the billionaire's deal to take the company private Thursday evening.
Source: Insider
The $44 billion deal follows a months-long legal battle between the social media company and Musk, who attempted backing out of the deal over claims regarding the number of inauthentic accounts on the app.
Source: Insider
"The reason I acquired Twitter is because it is important to the future of civilization to have a common digital town square," Musk wrote in a letter addressed to Twitter advertisers, which he tweeted Thursday.
Source: Insider
The tech mogul now must divide his attention between five companies spanning transportation, neuroscience, and social media. Here's what the rest of his companies do:
Source: Insider
Elon Musk is best known as the co-founder and CEO of Tesla, which he helped start in 2003. The automaker has since designed seven electric vehicle models, four of which are currently in production.
Tesla's headquarters recently relocated from Palo Alto, California to Austin, Texas. Nearly 100,000 people are employed by Tesla around the world, with over 28,000 new hires in 2021 alone.
Source: Insider, Statista, SEC
Tesla is one of six US companies that have reached a $1 trillion market cap — more than its nine largest competitors combined.
Source: Insider
In 2016, Tesla acquired SolarCity, the US' leading provider of solar panels. Today, Tesla sells four solar energy storage and generation products: Powerwall, Powerpack, Megapack, and Solar Roof.
Source: Tesla
Next up: SpaceX, the aerospace company founded by Musk in 2002. According to his company bio, Musk is the "lead designer" at SpaceX, where he oversees the spacecraft and rocket development "for missions to Earth orbit and ultimately to other planets."
Source: Tesla
SpaceX is headquartered in Hawthorne, California. However the company's launch site, known as "Starbase," is located in Boca Chica, Texas.
SpaceX was privately valued at $100 billion in October — making it the second most valuable private company in the world behind TikTok owner Bytedance, according to CNBC. As of 2021, it has nearly 10,000 employees.
SpaceX also owns the business Starlink, which provides low-orbit satellite internet services designed for rural areas with unreliable internet. The first batch of Starlink satellites were launched in 2019.
Source: Starlink
You've probably never heard of it, but Musk is also the co-founder of a San Francisco startup called Neuralink. The company's mission sounds straight out of a sci-fi movie: to connect the human brain to computers.
Source: Insider
Musk is listed as Neuralink's CEO on Tesla's website, but his exact involvement isn't clear. The company previously stated in legal documents that the billionaire "has no executive or management role at Neuralink."
Source: Fortune
Musk's right-hand man Jared Birchall was listed as Neuralink's chief executive, CFO, and president in 2018.
Source: Insider
Through the development of a brain chip Musk has described as a "FitBit in your skull," Neuralink aims to treat neurological conditions ranging from paralysis to depression.
Source: Neuralink YouTube
The billionaire helped found Neuralink to "help those with brain injuries in the near term and reduce AI risk to humanity in the long term," according to its website. Last summer, Neuralink raised $205 million in Series C funding.
Source: Neuralink
The neurotechnology company has 245 employees listed on LinkedIn and is ranked #33 out of 50 on the site's 2021 "top startup" list.
Source: LinkedIn
Musk is also the founder of The Boring Company, a tunnel construction startup based in Texas that launched in 2016.
Musk's tunnel-digging venture aims to solve traffic within and between major US cities. One of its future projects is a "Hyperloop," which would theoretically allow passengers to travel at 700 miles per hour.
Source: Insider
Beyond Musk's core business ventures, the billionaire has been tied to at least seven additional companies, per The New York Times. This includes Wyoming Steel, an LLC he has reportedly used to purchase real estate.
Source: The New York Times
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