But you should go into it with that expectation.” It would be like owning a horse in three years. “It’s financially insane to buy anything other than a Tesla. Tesla’s mission is to speed up the development and distribution of electric cars around the world.Įlon believes this solves one of humanity’s biggest issues: finding a renewable energy source that can replace oil. Elon joined the Tesla team in 2004, and by 2008 he was named the company CEO. Tesla was started by a small team of entrepreneurs. Tesla is Elon Musk’s most famous and profitable company. Right now Elon Musk makes money with SpaceX by fulfilling NASA contracts and with his internet service called Starlink, which uses satellites orbiting Earth in space. Of course, SpaceX is also an extremely profitable company. “It’s about believing in the future and thinking that the future will be better than the past.Īnd I can’t think of anything more exciting than going out there and being among the stars.” Elon was shocked when he found out they had no plans to send humans to the red planet!Įlon Musk decided to take things into his own hands by starting a rocket / space exploration company called SpaceX. The story goes he checked NASA’s website to see when they were planning on sending humans to Mars. However, he decided to risk everything and start 3 new companies: SpaceX, Tesla, and Solar City… Elon Musk’s Third Business: SpaceXĮlon Musk started SpaceX in 2002, almost immediately after selling PayPal for $180 million dollars. Many entrepreneurs would retire if they were in Elon’s shoes. PayPal was a massive success for Elon Musk. I put $100 million in SpaceX, $70m in Tesla, and $10m in Solar City. “ My proceeds from the PayPal acquisition were $180 million. The business was a huge success, and he ended up selling PayPal in 2002 for $180 million dollars. This time his goal was to create a fully integrated online bank where you could perform all of your financial transactions in one place. Just like with Zip2, his goal was to solve a major pain point for consumers on the internet. Elon Musk’s Second Business: PayPalĮlon Musk started PayPal in 1999. He says this was his first real success as an entrepreneur, and it gave him the funds, the confidence, and the experience necessary to tackle other major projects, including PayPal.
“When my brother and I were starting our first company, instead of getting an apartment, we just rented a small office and we slept on the couch.”Įlon Musk sold Zip2 for $18 million dollars in 1999. His goal was to create an online tool that could be used for directions, similar to “google maps.” Elon Musk’s First Business: Zip2Įlon Musk started his first business called Zip2 right after he dropped out of graduate school at Stanford University. Let’s take a closer look at each of these businesses. Here is a list of every business that Elon Musk has owned during his career as an entrepreneur: Elon Musk Businesses In other words, what businesses did he start to build his wealth?Įlon Musk runs 5 different companies including SpaceX, Tesla, Neuralink, The Boring Company, and Twitter.Įlon used to own other companies including Zip2 and Paypal, but he sold them to investors for hundreds of millions of dollars to fund his other business ventures. Verdict | List Of Elon Musk’s CompaniesĮlon Musk is one of the richest men in the world, with a net worth of over $100 billion dollars.Why Does Elon Musk Want To Colonize Mars?.Is Elon Musk The Richest Man In The World?.We even cover Elon Musk’s best advice for starting your own billion dollar company… What are Elon Musk’s future plans for The Boring Company?.When will Elon Musk send humans to Mars?.We also answer your most important questions, including: In this guide you will learn EXACTLY how Elon Musk built his businesses, including how he sold Paypal for $180 million dollars to fund his other business projects. Today Elon has a net worth of $164 billion dollars, making him the 2nd richest man in the world! He also recently bought the social media platform Twitter for $44 billion dollars, making it the newest company in his portfolio of businesses. He is famous for dating some of the biggest Hollywood celebrities, including Amber Heard and Grimes, and for trying to send humans to Mars.Įlon Musk started 8 different businesses during his career, including PayPal, SpaceX, Tesla, Solar City, and The Boring Company. Elon Musk is an entrepreneur, self-made billionaire, CEO of major companies like Tesla and SpaceX, and the new owner of Twitter.
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