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3 minute read
26 Apr 2022
7:15 am

Elon Musk’s growing universe: From outer space to underground, and now Twitter too

Moneyweb

These are the companies founded or co-founded by the tech entrepreneur, whose net worth is nearly $300 billion.

Tweets by Elon Musk. Twitter accepted a $44 billion bid from Musk to acquire the company. Photo Getty Images/Scott Olson

Twitter kicked off deal negotiations with Elon Musk this week after he wooed many of the social media company’s shareholders.

Sources close to the matter said Musk offered a $43 billion acquisition.

Musk’s play for Twitter power

As reported by various sources on Monday, Twitter Inc is poised to accept billionaire Musk’s “best and final” takeover offer.

This comes on the heels of Musk announcing he had secured $46.5 billion in debt and equity financing for the deal.

Earlier in April, the social media company had adopted a “poison pill” to protect itself from Musk’s $54.20 per share offer, which followed days after he had disclosed an over 9% stake.

ALSO WATCH: What will change at Twitter now that Elon Musk has bought it?

Companies founded by Elon Musk

The tech entrepreneur, whose net worth is nearly $300 billion according to Forbes, has founded, co-founded or is leading the following companies:

Company FoundedMission statement
PayPal Holdings Inc1998The fintech company went public first in 2002, and was bought by eBay Inc <EBAY.O> for $1.5 billion soon after. It then went public again in 2015.
SpaceX2002The company designs and manufactures aerospace technology, and aims to land its rockets on Mars before 2030. It was valued at over $100 million, CNBC reported last year.
Tesla Inc2003The electric-car maker, which went public in 2010, is valued at more than $1 trillion, more than legacy automakers Ford <F.N> and General Motors <GM.N> combined. Last year, Musk said the company will probably launch a “Tesla Bot” humanoid robot prototype in 2022, designed for dangerous, repetitive, or boring work that people don’t like to do.
Neuralink2016The brain chip startup aims to connect humans and computers.In July last year, it said it had raised over $200 million from investors including Google Ventures.
The Boring Company2017The underground tunneling company aims to build hyperloops, an ultra-high-speed ground transportation system for passenger and cargo, to solve big city traffic problems.

ALSO READ: Twitter confirms sale of company to Elon Musk for $44bn

The tech entrepreneur’s investments in other smaller startups:

CompanyFoundedNotes
Stripe Inc2010The digital payments company was valued at $95 billion in a fundraising round last year. Reuters reported in July 2021 that Stripe hired a law firm in its first major step towards a stock market debut.
Vicarious2010The artificial intelligence and robotics company, which has received over $250 million in funding, also counts Jeff Bezos and Mark Zuckerberg as its investors, according to its website.

This article originally appeared on Moneyweb and has been republished with permission.

ALSO READ: Elon Musk becomes ‘richest person to ever walk the planet’ – Forbes