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Oct 28, 2022 · It started out as a private company, with Mr Dorsey as the chief executive, before going public in 2013. On 25 April the Twitter board of directors agreed to a $44bn buyout by Mr Musk, making it ...
Oct 29, 2022 · What follows is a brief history of Twitter, which — despite its many flaws — is one of the most iconic companies to come out of Silicon Valley in the past 20 years. 2006. In March, Jack Dorsey ...
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
- 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...
Jul 19, 2022 · Mr Musk himself holds 9.2 per cent of the company, followed by Morgan Stanley Investment Management with 8.4 per cent. BlackRock and StateStreet, both investment companies, each own 4.75 per cent ...
Apr 26, 2022 · Vance Cariaga. Elon Musk’s successful bid to buy Twitter for $54.20 a share on Monday puts the Tesla founder firmly in control of the social media platform, which represents a major change in ...
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Oct 18, 2023 · Twitter, now known as X, is owned by Elon Musk after he acquired the company for $43.2 billion in October 202. Prior to Musk, Twitter was a publicly traded company with institutional investors and notable shareholders like Saudi Arabia's Prince Alwaleed bin Talal and co-founder Jack Dorsey. Twitter was founded in 2006 and has had leadership ...
