Other projects and companies of the inventor
Electronic payment system X.com . Merged with Confinity, after which it was renamed PayPal and bought by eBay in 2002 for $1.5 billion (while Musk's share was $180 million).
Manufacturer of electric vehicles and their components Tesla. Musk's only public company. Contrary to popular misconception, he did not found Tesla Motors, but engineers Martin Eberhard and Mark Tarpenning in 2003. The entrepreneur joined the team only a year later, having invested part of the proceeds from the sale of PayPal. However, the company is associated with his name for a reason: it was he who brought this business to a fundamentally new level. So, the Tesla Model S 70D was named the "car of the century" in 2015, and the Tesla Model S 2013 was the best of the cars that have received the "Car of the Year" award over the past 70 years. The company also includes SolarCity, which sells solar panels and batteries.
The company is a manufacturer of space technology Space Exploration Technologies Corporation, or SpaceX. At the moment, it has developed the Falcon 1, Falcon 9, Falcon Heavy launch vehicles, and the Dragon spacecraft. Elon has long been captured by the ideas of space flights and the future colonization of Mars. So, in January 2020, he announced that he intended to send 1 million people to Mars by 2050. Within ten years, he plans to design a thousand reusable spacecraft, which SpaceX is already developing. But the main business of the company now is cargo delivery to near-Earth orbit.
The system of near-Earth satellites Starlink to provide access to high-speed Internet in any corner of the world. It is planned to launch 12 thousand satellites into orbit by the mid-2020s. In April 2020, there were already 418 satellites in orbit, and a year later there were already over 1.3 thousand spacecraft.
Hyperloop high-speed vacuum train project. At the moment it is not fully implemented. It was assumed that the Hyperloop would be twice as fast as an airplane and three to four times faster than a high-speed passenger express. The project is being implemented by both Musk himself and several competing teams.
NGO OpenAI, dealing with artificial intelligence. The mission of the project is to create a strong AI that would benefit all of humanity. Elon has repeatedly expressed concerns about our future relationship with machines. In his opinion, AI can pose the greatest existential threat to humans and become even more dangerous than nuclear weapons.
Tunnel construction company The Boring Company. Originally a subsidiary of SpaceX, it was disconnected in 2018. It is based on the concept that the urban transport system can consist of an extensive network of tunnels for cars with exits to the surface. The first commercial project of the company should be the laying of a high-speed underground system in Las Vegas.
Neurotechnological company Neuralink. In July 2019, the billionaire announced her latest development - the N1 brain chip. A small wireless device is installed in the brain and is designed to help people with dementia or paralysis. In August 2020, Neuralink held the first presentation of the chip, and in the spring of 2021 demonstrated a macaque playing a video game using an implanted chip. In the future, the device will be able to smooth out the inequality of human and robot abilities if the latter suddenly get out of control (see point 6).