What are Elon Musk’s top 5 investments – TechStory

Elon Musk’s reported net worth as of March 6, 2022

Another $2.9 billion contract with NASA was signed in 2021 to transfer astronauts aboard its Starship spacecraft from lunar orbit to the surface of the Moon.

3. DeepMind Technologies

DeepMind Technologies, an artificial intelligence (AI) business, was founded in late 2010, with Musk as a primary angel investor. Google announced the acquisition of the company in January 2014 for an undisclosed amount.

Musk is famously concerned about humans replacing AI, and is said to have invested in DeepMind not to make money, but to draw attention to how fast AI technology is developing. .

Deep reinforcement learning was a breakthrough in AI, but DeepMind has yet to find many viable commercial applications. The technology has been used internally by Google’s parent firm, Alphabet, to cut the electricity costs associated with cooling Google’s servers in data centers.

4. Tesla Motors, Inc.

Musk was not the founder of Tesla, but he led the initial round of funding in 2004. Musk rose from board member to CEO of Tesla in 2008, while also serving as CEO of SpaceX.
Tesla launched its initial public offering (IPO) on the Nasdaq on June 28, 2010, with shares of common stock available to the public at $17 per share.

Tesla stock was trading well over $800 per share as of March 7, 2022.

Tesla aims to accelerate sustainable transportation by making electric automobiles available to the masses on a large scale. Tesla announced in November 2017 the development of fully electric tractor-trailer vehicles that were pre-ordered by corporations such as United Parcel Service (UPS) and PepsiCo.
The Model S, Model X, Model 3 and high-end roadster supercars are among the company’s electric vehicles.

Elon Musk owned 177 million shares in Tesla as of December 28, 2021, which was valued at approximately $142.3 billion.
Elon Musk remains the company’s largest individual stakeholder, with a significant impact on the company’s long-term strategy and operating objectives.

5. Boring Corporation

Musk created The Boring Company, an infrastructure and tunnel construction company, in 2017. The organization was formed on the assumption that traffic is terrible, but traveling above ground is unnecessary – traffic problems can be “fixed” by using millions more miles. The company’s mission is to reduce tunneling costs while increasing production efficiency from dirt under roadways.

The Las Vegas Convention and Visitors Authority in March 2019 approved a $48.6 million plan from The Boring Company to develop the LVCC Loop, an underground tunnel that will run under the Las Vegas Convention Center and contain three stations and a pedestrian crossing. Tunnel is included. The Boring Company will formally open the LVCC loop in April 2021. By 2022, The Boring Company had completed further projects in Hawthorne, Calif., and is now working on another in Las Vegas.

People around the world are fascinated by Elon Musk and how he has amassed such wealth as the world’s richest man and founder of more than one firm that has revolutionized his respective industry. Given his track record of investing, some would argue that Musk is a genius entrepreneur. Although you may choose to invest in one or more of Musk’s firms, your investment and business selections are individual and should be tailored to your specific needs.

What Businesses Does Elon Musk Have?

Musk is best known for co-founding and leading the electric vehicle firm Tesla, but he also co-founded and led SpaceX, the neurotechnology company Neuralink, and The Boring Company.

How much did Elon Musk profit from PayPal?

Based on a total estimated acquisition price of $1.5 billion, Musk made a profit of up to $175 million when PayPal was sold to eBay in 2002.
Musk was the largest stakeholder at the time of the sale, holding an 11.7 percent interest, or 7,109,989 shares, in PayPal.

Musk said in a Twitter thread, “As a general concept, for people looking for guidance from this thread, it’s generally better to keep material things like houses or stock firms than you think inflation will.” Having more money makes good products.” inflation.

“I still own my bitcoin, ethereum, or doge fwiw and will not sell,” he said.
According to the Bureau of Labor Statistics, inflation in the United States reached 7.9 percent annually in February, the highest level since 1982.

According to Musk, Tesla and SpaceX are “strong under recent inflationary pressures in raw materials and logistics.”
Musk revealed in May 2020 that he intends to sell “nearly all” of his tangible assets, including his multimillion-dollar real estate portfolio. In December 2021, he sold his last remaining residence.

The millionaire entrepreneur supports cryptocurrency, but with reservations. He has often shown his support for Dogecoin and addressed the benefits of the cryptocurrency with prominent figures in the tech world.
Tesla said it bought about $1.5 billion in bitcoin in early 2021 to use as an inflation hedge.
According to Bloomberg’s Billionaires Index, Tesla’s share price has fallen by about 35% this year, reducing Musk’s fortune by nearly a quarter — but he’s still the richest person in the world, with a net worth of nearly Rs. is $206 billion.

Commodity prices were already rising as the global economy recovered from the pandemic due to supply-chain disruptions. As the two countries are major suppliers, Russia’s invasion of Ukraine last month exacerbated supply-side tensions in energy, metals and grain markets.