From outer space to social media, Elon Musk’s growing universe

Twitter Inc is ready to accept billionaire Elon Musk’s “best and final” $ 43 billion takeover bid, people familiar with the matter told Reuters on Monday.

Read: Twitter, under shareholder pressure, begins negotiations with Musk – sources

This comes on the heels of Musk announcing that he had secured $ 46.5 billion in debt and equity financing for the deal.

Earlier in April, the company had adopted a “poison pill” on social media to protect itself against Musk’s offer of $ 54.20 per share. share, which followed days after he revealed a stake of over 9%.

The technology entrepreneur, whose net worth is nearly $ 300 billion, according to Forbes, has founded, co-founded or runs the following companies:

Company name Year founded What does it do?
Neuralink 2016 Brain chip startup aims to connect people and computers.

Last July, it said it had raised over $ 200 million from investors, including Google Ventures.

SpaceX 2002 The company designs and manufactures space technology and aims to land its rockets on Mars by 2030. It was valued at over $ 100 million, CNBC reported last year.
The boring company 2017 The underground tunnel business aims to build hyperloops, an ultra-high-speed ground transportation system for passengers and freight, to solve metropolitan traffic problems.
Tesla Inc. 2003 The electric car manufacturer, which was listed on the stock exchange in 2010, is valued at more than 1 trillion dollars, more than old car manufacturers Ford and General Motors combined. Last year, Musk said the company is likely to launch a “Tesla Bot” humanoid robot prototype in 2022, designed for dangerous, repetitive or tedious work that people dislike doing.
PayPal Holdings Inc 1998 The Fintech company was first listed in 2002 and was acquired by eBay Inc. for $ 1.5 billion shortly after. It then went public again in 2015.

The engineering contractor’s investments in other smaller startups:

company Year founded Notes
Stripe Inc 2010 The digital payment company was valued at $ 95 billion in a fundraising round last year.

Reuters reported in July 2021 that Stripe hired a law firm in its first major move toward a stock market debut.

Deputy 2010 The artificial intelligence and robotics company, which has received over $ 250 million in funding, also counts Jeff Bezos and Mark Zuckerberg as its investors, according to its website.

Leave a Reply

Your email address will not be published. Required fields are marked *