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Musk during the 2018 inauguration of the Boring test tunnel in Hawthorne, California. In 2017, Musk founded the Boring Company to construct tunnels, and revealed plans for specialized, underground, high-occupancy vehicles that could travel up to 150 miles per hour (240 km/h) and thus circumvent above-ground traffic in major cities.
Elon Musk is the wealthiest person in the world, with an estimated net worth of US$402 billion as of February 8, 2025, according to the Bloomberg Billionaires Index, [415] and $397 billion according to Forbes, [416] primarily from his ownership stakes in Tesla, Inc. and SpaceX. [417]
Elon Musk made $175.8 million when PayPal was sold to eBay in October 2002. [9] He was first listed on the Forbes Billionaires List in 2012, with a net worth of $2 billion. [4] Musk paid $455 million in taxes on $1.52 billion of income between 2014 and 2018. [10] According to ProPublica, Musk paid no federal income taxes in 2018. [11]
In early 2002, Elon Musk started to look for staff for his company, soon to be named SpaceX. Musk approached five people for the initial positions at the fledgling company, including Griffin, who declined the position of Chief Engineer, [ 19 ] : 11 Jim Cantrell and John Garvey (Cantrell and Garvey would later found the company Vector Launch ...
xAI was founded by Musk [7] [8] [9] in Nevada [4] on March 9, 2023, and has since been headquartered in the San Francisco Bay Area in California. [10] Igor Babuschkin, formerly associated with Google's DeepMind unit, was recruited by Musk to be Chief Engineer. [11] Musk officially announced the formation of xAI on July 12, 2023.
Musk receiving the Order of Defence Merit from the Brazilian Armed Forces in 2022 [6]. Awards for his contributions to the development of the Falcon rockets include the American Institute of Aeronautics and Astronautics George Low Transportation Award in 2008, [7] the Fédération Aéronautique Internationale Gold Space Medal in 2010, [8] and the Royal Aeronautical Society Gold Medal in 2012. [9]
The company has grown rapidly since it was founded, growing from 160 employees in November 2005 to more than 500 by July 2008, to over 1,100 in 2010, [36] [37] 1,800 in early 2012, [38] and 3,000 by early 2013. [39] The company had grown to 3,800 employees and contractors by October 2013, [40] and had "nearly 5,000" in late 2015 [41] and ...
X Corp. is an American technology company headquartered in Bastrop, Texas. [5] Established by Elon Musk in 2023 as the successor to Twitter, Inc., it is a wholly owned subsidiary of X Holdings Corp., which is itself mostly owned by Musk.