It’s worth noting that Musk was a co-founder of X.com, which ultimately became PayPal (PYPL 0.45%) in the dot-com boom era. He was CEO of PayPal until 2000 and owned almost 12% of the company’s shares at one point. However, he no longer has a stake in PayPal, although he owned shares before the company was acquired by eBay (EBAY 1.98%) in 2002.
Elon Musk reveals the 5 big investments that fuel his more than $160 billion net worth
However, Musk’s strategy does highlight the potential benefits of having a core set of high-conviction investments alongside a broader, diversified base. This approach, sometimes called "core and satellite," can allow investors to potentially benefit from outsized returns while still managing overall portfolio risk. Musk’s influence extends into the cryptocurrency space, where he is dubbed the ‘DogeFather’ for his role in popularizing meme coin Dogecoin (DOGE). Musk has also invested heavily in Bitcoin (BTC) and Ethereum (ETH), with SpaceX and Tesla owning significant amounts of Bitcoin. Musk’s https://www.liberty.co.za/ tweets about cryptocurrencies can cause significant market fluctuations, showcasing his impact on digital assets. Musk’s approach to investments seems clear-cut, especially considering his public disclosures.
- While this can seem a bit “Terminator-esque,” the company’s first goal is to help quadriplegics interact with digital devices like computers and phones.
- Space Exploration Technologies Corp. (doing business as SpaceX) is an American aerospace manufacturer, a provider of space transportation services, and a communications corporation headquartered in Hawthorne, California.
- The company had a market value of about $1.2 trillion as of February 2025.
- The social media world changed a lot with Elon Musk’s purchase of Twitter.
He owns about 44% of the space exploration technology company, which was valued at roughly $127 billion in sasol south africa ltd a May 2022 funding round. A natural question among investors is where Musk chooses to invest his money. Let’s take a look at the investments Musk owns (and the businesses he starts), the type of investments he avoids, and what investors should know about his strategy. Musk founded xAI in 2023 following the release of ChatGPT, with the goal of developing similar technology. The company has a close partnership with X, formerly Twitter, where it offers a chatbot known as Grok.
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Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. Musk’s critics say his actions defy Congress’s power to control the U.S. budget and present a host of ways for him to enrich himself. Musk leads several other companies, notably SpaceX, which conducts launches for NASA and the intelligence community, and the social media platform X. China has a history of coercing foreign companies reliant on its https://www.absa.co.za/ market into making compromises on matters concerning its national interests.
On Feb. 1, the Trump administration imposed a 10% tariff on Chinese imports, prompting Beijing’s retaliation with tariffs on American coal, liquefied natural gas, agricultural equipment and crude oil. Relations who has monitored Musk’s views on China, I don’t find his long history of espousing pro-Chinese sentiment surprising, given that he has sought throughout to get a business hold in the country. In July 2022, Tesla said it had converted about 75 percent of its Bitcoin holdings into fiat currency, despite touting the long-term potential of Bitcoin a year earlier. Following the deal’s close in October 2022, Musk fired Twitter’s top executives. In March 2023, he announced that he hired NBCUniversal executive Linda Yaccarino to be Twitter’s new CEO.
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Some ETPs carry additional risks depending on how they’re structured, investors should ensure they familiarise themselves with the differences before investing. You should familiarise yourself with these risks before trading on margin. But Musk’s business practices are unconventional and sometimes controversial.
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However, I think it is odd that the largest shareholder in Edinburgh Worldwide is actively disengaged with the strategy. We try to identify these special businesses and hold them as they grow and thrive. Mr Brodie, a backer of SpaceX, also tells Telegraph Money why Elon Musk’s new role in the administration of Donald Trump, the American president, is not a source of concern. These numbers will likely rise as Musk’s ventures keep expanding and innovating. SpaceX, one of Musk’s most ambitious ventures, is making big strides in space.
Musk has said his top initiatives include sasol gas promoting free speech, publicly displaying the algorithms governing content, and transforming Twitter into an "everything app" called X.
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After receiving the Microsoft funding, however, the firm turned the business model around and became a for-profit firm. It also announced the commercial licensing of the technologies it had developed. Elon Musk has publicly criticized the OpenAI deal with Microsoft, noting in a September 2020 tweet that OpenAI had been “captured” by Microsoft. Elon Musk’s investment in DeepMind wasn’t about chasing profits—it was about staying ahead of the curve in artificial intelligence. Co-founded by Musk in 2010, DeepMind quickly made waves in AI research with its pioneering work in deep reinforcement learning, a technique that combines pattern recognition with reward-based learning.