Elon Musk is involved in several other ventures beyond SpaceX, each contributing significantly to his overall wealth and influence. Here are the key ventures:
1. Tesla
Tesla, the electric vehicle and clean energy company, remains one of Musk's most valuable assets. As of December 2024, Tesla's market cap is approximately $1.3 trillion, making it one of the most valuable publicly traded companies globally. The company has seen a significant increase in its stock price, driven by strong business performance and strategic pivots towards self-driving technology, robotics, and AI.
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2. xAI
xAI is Musk's artificial intelligence startup, launched in July 2023. The company has developed a chatbot named Grok, which competes with OpenAI's ChatGPT. xAI raised $5 billion in a recent funding round, valuing the company at $50 billion. This venture underscores Musk's ambition to lead in the AI sector.
3. Neuralink
Neuralink focuses on developing brain-machine interfaces. The company aims to enable humans to control computers with their minds through implanted brain chips. Neuralink has completed its first two human implants in 2024 and hopes to perform a total of ten procedures by the end of the year. The company was valued at $8 billion in 2024.
Musk acquired Twitter in 2022 for $44 billion, rebranding it as X. Despite challenges, including declining ad revenue, the platform has shown signs of recovery. As of December 2024, X is valued at around $12.5 billion.
