BIG Thinkers - Elon Musk - S2EPI - 133

Elon Musk

CEO, Tesla

$235B

$5.1B (2.22%)

as of 6/13/23

#1 in the world today

About Elon Musk

· Elon Musk cofounded six companies, including electric car maker Tesla, rocket producer SpaceX and tunneling startup Boring Company.

· He owns about 23% of Tesla between stock and options, but has pledged more than half his shares as collateral for loans.

· SpaceX, founded in 2002, is worth $127 billion after a funding round in May 2022; it quadrupled its value in three years.

· Boring Company, which aims to defeat traffic, raised $675 million in April 2022 at a $5.7 billion valuation.

· Twitter's board agreed to sell the company to Musk for $44 billion in April 2022, after he disclosed a 9.1% stake and threatened a hostile takeover.

· The deal closed in October 2022 after Musk tried to back out and Twitter sued. Musk now owns an estimated 74% of the company.