From SpaceX to Tesla, here's a look at Elon Musk's vast empire
AP News • • business
Key Points:
- Elon Musk, the world's first trillionaire, oversees a diverse business empire including SpaceX, Tesla, Neuralink, The Boring Company, and social media platform X (formerly Twitter), with many ventures consolidated under his leadership.
- SpaceX, founded in 2002 and recently public with a $2.1 trillion valuation, operates beyond rockets, owning Starlink satellite services and social media platform X, though it and Musk's AI company xAI are currently operating at significant losses.
- Tesla, led by Musk since 2008, faces increasing competition in the electric vehicle market, having lost its top spot to BYD, but is expanding into robotics and solar energy, with a market capitalization around $1.5 trillion.
- Neuralink, Musk's brain-computer interface company, is conducting clinical trials for neurological conditions and aims to connect human nervous systems with machines, having 21 trial participants as of January.
- The Boring Company focuses on underground transportation projects like the Vegas Loop, with plans for expansion despite facing regulatory and safety criticisms in various locations.