Elon Musk’s Business Empire
Elon Musk has ventured into nearly every major industry, from healthcare to space technology. He has turned ambitious ideas into billion-dollar, even trillion-dollar, businesses despite being the richest man on the planet. Although his investments in several businesses have helped him become well-known, his ambitious spirit is what leads to enormous success. Musk is redefining possibilities in various fields, from building a 68-mile underground tunnel to making space flight to Mars possible.
Neuralink
With over 15 million people worldwide suffering from paralysis, Neuralink aims to restore normalcy to their lives. Founded in 2018, the neural engineering company has developed a brain-computer interface that enables brain activity to be relayed to a digital device via Bluetooth, converting thoughts into tangible actions.
Despite being a relatively young company, Neuralink's valuation soared to $5 billion in 2024. The company has raised $686.2 million over eight funding rounds, with its latest in 2024. In comparison, its competitor Precision Medicine has raised $155 million from its latest Series C funding. Neuralink currently has 25 investors, including Ventioneers and Bull Bear.
The Boring Company
Although its name suggests otherwise, The Boring Company is far from mundane. It focuses on enhancing land connectivity through underground tunnels, facilitating faster freight transit without disrupting existing transportation systems.
Its flagship project, Loop, is an underground tunnel in Las Vegas designed to reduce urban traffic congestion through an electric-powered public transportation system. With $908 million in total funding and an annual revenue of $177 million, The Boring Company is on track to revolutionize urban commuting in an environmentally friendly manner.
X
Elon Musk acquired Twitter in 2022 for $44 billion, later rebranding it as X under X Corp. His vision was to transform it into an all-encompassing platform, integrating features such as e-commerce and digital transactions.
However, the rebranding has led to a valuation drop to $9.4 billion, significantly lower than its acquisition price. X has introduced a premium subscription model offering perks like fewer ads and post-editing capabilities. However, only 0.26% of its 500 million users have subscribed, prompting the company to explore alternative revenue sources, such as increased advertising.
Tesla
Contrary to popular belief, Elon Musk was not the founder of Tesla but an early investor when it was established in 2003. Today, Tesla ranks 8th globally in market capitalization (2025) and has spearheaded the electric vehicle (EV) revolution with groundbreaking models like the Model S and the Cybertruck.
In the first nine months of 2024, Tesla produced 1,313,898 cars and sold 1,293,656 units, drawing consumers away from gasoline-powered vehicles toward sustainable EVs. Tesla continues to stand out with innovations like Autopilot, which remains exclusive to its vehicles.
Starlink
A subsidiary of SpaceX, Starlink is a satellite constellation company that provides affordable internet access across nearly 100 countries. By 2025, it has deployed 6,912 low-Earth orbit (LEO) satellites, making it the largest satellite network in history.
Starlink surpasses competitors in speed and coverage, offering 50 Mbps to 200 Mbps, while rivals like HughesNet cap at 25 Mbps and Viasat at 150 Mbps. Thanks to its weather resistance and low latency, Starlink achieved an annual revenue of $7.7 billion in 2024, reflecting an impressive 83% year-over-year growth. The company now boasts 4 million subscribers worldwide.
SpaceX
Elon Musk has long advocated for multi-planetary colonization, with Mars as the ultimate goal. SpaceX has successfully launched 15 manned space missions, 10 of which were in collaboration with NASA.
With a $350 billion valuation in 2025, SpaceX is among the top 75 richest companies in the world. Its technological advancements continue to pave the way for sustainable space travel and interplanetary habitation.
xAI
One of Musk's most recent ventures, xAI, has quickly risen in the artificial intelligence sector. Founded in 2023, xAI reached a $50 billion valuation within a year, surpassing rivals like Perplexity ($2.8 billion) and Anthropic ($19 billion).
Its AI chatbot, Grok, is designed to compete with ChatGPT, leveraging real-time data from X (formerly Twitter) to provide up-to-date insights.
Elon Musk's companies are a testament to his ability to challenge existing norms and push the boundaries of innovation. Whether it's in the fields of neurotechnology, artificial intelligence, transportation, or space exploration, Musk is constantly changing sectors and igniting a worldwide movement toward a more technologically sophisticated future.