Musk later sold the company to Compaq in a $307 million deal, which at the time was the largest sum ever paid to acquire an internet company. As with any long-time investor, some of his efforts haven’t quite panned out, but many have thrived and are among the most exciting names in technology. Here’s a look at just a few of the companies that Elon Musk has invested in, some well-known and others still waiting to break major headlines. GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
- They may have acquired stocks that they are willing to sell or represent sellers who seek buyers.
- Tesla, with its $10.8 billion in revenue, has changed the car industry since 2003.
- During the technology stock rally, the company’s stock witnessed a remarkable surge of about 700% in 2020.
- Next up on this list of Elon Musk stocks to buy is Paypal.
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China has a history of coercing foreign companies reliant on its market into making compromises on matters concerning its national interests. For instance, Apple removed virtual private network apps from its app store in China at the government’s sasol core values request. Similarly, Tesla could face comparable pressure in the future if Beijing wants to use Musk as a cudgel to influence policy in the Trump administration.
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As Musk gains greater influence and leverages his government role, his favored industries are poised for explosive growth. Investors can capitalize by aligning their portfolios with the BRAIN sectors and also keep an eye on Musk’s AI startup, xAI, for additional opportunities. These are businesses that are all about the future, and all of a sudden, the stock market’s lens condensed to the here and now. Market volatility was also a lot higher than we would have liked or expected.
Elon Musk’s publicly traded stock investments
Invest Through a Pre-IPO Secondary Market You may be able to buy SpaceX shares through these marketplaces. Forge Global/Sharespost is the product of a merger between two major pre-IPO marketplaces. In 2002, PayPal sold to Ebay for $1.4 billion and Musk secured a $100 million payout, which he used sasol core values to start SpaceX. In 2004, Musk joined Tesla as one of the first investors in the EV company. In 2005, Tesla launched its first car, the Tesla Roadster. One of Musk’s core principles is investing heavily in his own companies.
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The company built a 1.15-mile tunnel in Hawthorne, California to be used for research and development and is currently building Vegas Loop, a public transportation system at the Las https://istorepreowned.co.za/ Vegas Convention Center. The offers that appear on this site are from companies that compensate us. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.
Elon Musk’s 5 Best Investments
Since records began, SpaceX has been promised nearly $20.7 billion in government contracts, research grants, and other forms of public https://www.tradingview.com/ assistance, with roughly $8.7 billion actually paid out so far. "If action is not taken to curb the deficit, America is in deep trouble. No different than a person who gets into too much debt," said the DOGE boss on his social network X in December. In 2002 SpaceX was created by entrepreneur Elon Musk, whose stated goals were to revolutionize the aerospace industry and to make spaceflight more affordable. Build and flight reliability jobs at SpaceX To do the job, you’ll need a degree in aerospace engineering, manufacturing engineering, materials engineering, mechanical engineering, or a related engineering field. A trillionaire is an individual with a net worth equal to at least one trillion in U.S. dollars or a similarly valued currency, such as the euro or the British pound.