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Oct 28, 2022 · Twitter, before Musk’s purchase, was mostly owned by large, institutional investors. The Vanguard Group became the biggest Twitter shareholder in April 2022, with a 10.3% stake in the company ...
- Jack Slater
Oct 29, 2022 · Twitter is now owned by Elon Musk — here’s a brief history from the app’s founding in 2006 to the present. Published Sat, Oct 29 20228:00 AM EDT Updated Sun, Oct 30 20221:53 PM EDT. Jonathan ...
- Zip2
- X.Com
- PayPal
- SpaceX
- The Musk Foundation
- Tesla
- Solarcity
- OpenAI
- Neuralink
- The Boring Company
Along with his brother, Musk founded Zip2, an online business directory, as an online alternative to the standard paper yellow pages. (Google would not launch until 1998.) He sold it for over $300 million in 1999 to Compaq Computer Corporation. Musk was ousted as CEO in 1996, however, when the board of directors decided to install a more experience...
Musk invested some of his windfall from the Zip2 sale into his next venture: X.com, an online bank, launched with three other co-founders. X.com’s business model was innovative for its time, in that it incentivized sign-ups and eased the process of transferring funds digitally, with no need for mail or traditional banking infrastructure. In an inte...
X.com merged with software company Confinity just one year later, forming PayPal, a secure online payments platform with a foundation in payments conducted for PalmPilots. PayPal would go on to be one of his most successful companies; Musk and his partners, including Confinity co-founder Peter Thiel, sold it to eBay in 2002 for a $1.5 billion stock...
Musk next set his sights on a lofty goal: space exploration, and the future colonization Mars. In the past 20 years, SpaceX has dealt with a series of rocket launch failuresand Starship explosions. But it has also become a heavy-hitter in the space industry with a number of records to its name, including being the first private company to send a cr...
Founded as a 501(c)3 non-profit organization, the Musk Foundation is one of Musk’s least-talked-about endeavors. Its stated goals including supporting renewable energy and pediatric research and education, and the developing of “safe artificial intelligence to benefit humanity.” Between 2002 and 2018 it handed out around $25 million, about half of ...
These days, Musk is perhaps best known for his leadership at Tesla, the electric car company named after famed inventor Nikola Tesla. Valued at over $1 trillion at one point in 2021, Tesla was founded in 2003 by two other men; Musk entered a Series A funding round with an investment of $6.5 million, and eventually took an increasingly active role i...
Founded by his cousins in 2006, SolarCityreceived Musk’s patronage from the offset; he was their primary financial backer. A solar energy company that became the leading residential solar installer in the U.S. by the mid-2010s, SolarCity installed solar energy systems that were leased to residential users. Musk, via Tesla, acquired SolarCity in 201...
Musk co-founded OpenAI as a non-profit in 2015, with a for-profit artificial intelligence research lab component; it was started with a $1 billion collective pledge from its founders. Musk has been open about his interest in developing “friendly” AI that supports humanity, but he ended up resigning from the board in 2018 due to conflicts with Tesla...
Another research endeavor, Musk co-founded Neuralink in 2016 with the goal of working on “brain-machine interfaces,” or BMIs, that can be implanted directly into the body. Neuroscientists have been skepticalof Neuralink’s research and claims. While they currently conduct experiments on animals, they moved plans to begin working on human subjects to...
Founded with the intention of helping dispel city traffic via underground tunnels as a subsidiary of SpaceX, the Boring Company is one of Musk’s side projects. Its aim: build tunnels. They first experimented by tunneling under the SpaceX factory in California. The Boring Company became an independent entity in 2018, and in 2021 completed a tunnel p...
Oct 28, 2022 · Before Mr Musk’s takeover the company was owned largely by institutional investors, with the Vanguard Group the biggest stakeholder at 10.3 per cent. Mr Musk himself held a 9.2 per cent stake.
Jul 4, 2023 · The billionaire tech founder and Bluesky boss who ran Twitter before Elon Musk . ... Self-made taxi dispatch developer. ... In 2011 he invited Mr Obama to Twitter's first ever town hall - where he ...
Jul 2, 2024 · In April 2022, Elon Musk revealed that he had acquired a 9.2% stake in Twitter. This significant ownership made him the largest shareholder in the company, surpassing Twitter co-founder Jack Dorsey. The value of Musk’s stake was approximately $2.89 billion based on Twitter’s closing price at that time. 2022, October 27: Elon Musk acquires ...
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Apr 26, 2022 · On April 8, Vanguard disclosed that it owns 82.4 million shares of Twitter, or 10.3% of the company. Before that, Musk had been the top shareholder with a 9.1% stake after increasing his position ...
