There are a number of business men and entrepreneurs with great products and services to enhance the scope of technology and to help us in our daily life. Most of them are famous for their revenue generation and business model but Elon Musk is better known for creating a solution for every real life problem he faces as a user. Shifting to a different planet to expand human race is also one among the most heated debates Musk is known for.
Though there are multiple companies that are making a high revenue and stretching their growth in market Musk is known for supporting services that are futuristic and alternative for what the humans have been using since decades. He's been praised by the youths and social media for his futuristic contribution and researches and also for encouraging alternative that are more efficient and earth-friendly like electric cars and online payment platform though there are people who find his ideas childish.
Here is the list of all the companies started by Elon Musk, sorted by the year of foundation, that are either a part of our Life or may be the alternative that lead us to future.
Founded in 1995 by brothers Kimbal and Elon Musk and Greg Kouri in Palo Alto, California, Zip2 was a company that provided and licensed online city guide software to newspapers companies. It was initially founded as Global Link Information Network that provided local businesses with an Internet presence, but later began to assist newspapers in designing online city guide. It was later purchased by Compaq Computer in 1999.
In 1999, Musk co-founded X.com, an online financial services and e-mail payment company. During it's starting months over 200,000 customers joined the service. X.com merged with online bank Confinity to prevent unnecessary competition. The company focused on the PayPal service and was renamed PayPal in 2001.In 2002, PayPal was acquired by eBay for $1.5 billion in stock. In 2017, Musk purchased the domain X.com from PayPal for an undisclosed amount, explaining it has sentimental value.
Space Exploration Technologies Corp. or SpaceX was founded by Elon Musk in 2002 for reducing the cost of space transportation to advance the colonization of mars. SpaceX is a aerospace manufacturer company that manufactures the Falcon 9 and Falcon Heavy launch vehicles, several rocket engines, Dragon cargo, crew spacecraft and Starlink communications satellites. SpaceX won demonstration and actual supply contracts from NASA for the International Space Station (ISS) with technology the company developed. SpaceX is also certified for U.S. military launches of Evolved Expendable Launch Vehicle-class (EELV) payloads.
In February 2004 Elon Musk invested $6.5 million on tesla, an American electric vehicle and clean energy company manufacturing electric cars, became the majority shareholder and joined Tesla's board of directors as chairman. Musk assumed leadership of the company as CEO and product architect in 2008. A 2009 lawsuit settlement with Eberhard designated Musk as a Tesla co-founder
SolarCity is a company that sold and installed solar energy generation systems as well as other related products and services to residential, commercial and industrial customers. Musk provided the initial concept and financial capital for SolarCity, which his cousins Lyndon and Peter Rive co-founded in 2006. By 2013, SolarCity was the second largest provider of solar power systems in the United States. Tesla acquired SolarCity for over $2 billion in 2016 .
In 2016, Musk co-founded Neuralink, a company to integrate human brain with AI chips. Aim of the company is to create device that are integrated to human brain to communicate with software more effectively. Since its founding, the company has hired several high-profile neuroscientists from various universities. They had anticipated starting experiments with humans in 2020 but have since moved that projection to 2021.
The Boring Company
In 2016, Musk founded The Boring Company aimed to construct tunnel and enhance underground connectivity. The company's current and proposed projects are designed for intra-city ("loop") transit systems. The goal of the company is to reduce the cost of tunneling operations.
"If you think of tunnels going 10, 20, 30 layers deep (or more), it is obvious that going 3D down will encompass the needs of any city’s transport of arbitrary size."
— Elon Musk