Connect with us

Money

Top Companies Owned By Elon Musk

Published

on

Top Companies Owned by Elon Musk

Top Companies Owned By Elon Musk

Elon Musk, the Tesla and Space X CEO and Chairman, the Cryptocurrency King, the Space Exploration Revolutionary, the Technoking, and the Mars Seeker, is the economic phenomenon and the world’s richest businessman.  What are top businesses does Elon Musk own? Here are Elon Musk’s six ventures, ranging from space exploration to tunnel construction.

1. The Boring Company

Elon Musk started the Boring Company, an American infrastructure and tunnel construction company. Inter-city Hyperloop-based transportation may be possible in the future, but the business has claimed that present tunnels are being developed so that they can be used for intra-city transportation.

2. Neuralink Corporation

Neuralink Corporation, a neurotechnology business founded by Elon Musk and others, is creating implantable brain–machine interfaces (BMIs). With OpenAI, the company shares a San Francisco office space called Pioneer Building on Market Street.   Neuralink was initially reported in the media in March 2017, having been launched in 2016. 

3. Open AI

This AI research facility is made up of the for-profit OpenAI LP corporation and its parent company, the non-profit organisation OpenAI Inc. Research conducted by the firm, considered a rival to DeepMind’s efforts, is aimed towards producing friendly AI in a manner that is beneficial to the human race. Elon Musk, Sam Altman, and others launched the nonprofit in San Francisco in late 2015, each pledging a total of $1 billion. 

4. Space X

Space Exploration Technologies Corp. (SpaceX) is a California-based aerospace manufacturer, space transportation service provider, and communications company. Elon Musk created SpaceX in 2002 with the purpose of lowering the cost of space transportation so that the colonisation of Mars might be made possible. Launch vehicles, rocket engines, Dragon cargo spacecraft, and Starlink communications satellites are all manufactured by SpaceX.

5. Tesla Inc

Tesla, Inc. is a Palo Alto, California-based electric vehicle and clean energy firm. All of the Tesla products are made from electric automobiles to battery energy storage systems for homes to grid-scale power generation and related services. For battery electric and plug-in electric vehicles, Tesla had the highest sales in 2020, with 16 percent of the plug-in market and 23 percent of the battery electric market. The company produces and instals solar systems in the United States through its subsidiary Tesla Energy. In 2020, Tesla Energy will have 3 gigawatt-hours (GWh) of battery energy storage systems installed around the world.

6. PayPal

As an electronic alternative to traditional paper methods like checks and money orders, PayPal Holdings, Inc. is an American multinational financial technology firm that operates an online payments system in most countries that permit online money transfers. It charges a fee to handle payments on behalf of online retailers and auction sites, as well as many other commercial customers.

Click to comment

Leave a Reply

Money

Auction of Wikipedia’s editor’s first computer and NFT is On

Published

on

Auction of Wikipedia's editor's first computer and NFT is On

Auction of Wikipedia’s editor’s first computer and NFT is On

The computer Jimmy Wales used to create Wikipedia is up for auction, along with an NFT commemorating his first change on the platform, auctioneers announced Friday.

Wales “used for development and research at the time of the website’s launch on January 15, 2001,” when the website launched on January 15, 2001, according to Christie’s, which is supervising the sale.

The second lot is for an NFT generated by Wales of Wikipedia’s debut onscreen image when he uploaded the first words, “Hello world,” according to Christie’s specialist Peter Klarnet.

The NFT will be presented in JPEG format and will allow the customer to edit the page, which can be “which can be reset with a timer to revert to its original state,” to its original state.

In addition to supporting WT.Social, the proceeds from the sale of the NFT will go to a range of nonprofits working in the free culture field, according to the Christie’s website.

Christie’s hopes to sell the two lots for hundreds of thousands of dollars, Klarnet added.

NFTs have become a staple of auction houses and the art market for some collectors and investors.

Continue Reading

Entertainment

Singapore has suspended a crypto-exchange, Over a disagreement with K-pop group BTS

Published

on

Singapore has suspended a crypto-exchange, Over a disagreement with K-pop group BTS

Singapore has suspended a crypto-exchange, Over a disagreement with K-pop group BTS

Singapore’s banking watchdog has halted a popular digital currency exchange over a crypto pension programme linked to South Korean boy band BTS.

Singapore’s decision to stop Bitget’s local activities comes as the city-state strives to become a worldwide cryptocurrency hub.

BTS’s agency Hybe threatened Bitget with legal action in October for the promotion of Army Coin, named after the group’s ardent fans BTS ARMY. Who made the coin is unknown.

“so they do not have to worry about surviving but instead let them do what they desire to do” the platform advertised Army Coin. Hybe stated the coin is unrelated to BTS.

The episode shows the difficulties regulators face in controlling the crypto business as regular investors accept digital currency.

Barcelona star Andrés Iniesta was criticised last week for promoting the world’s largest crypto exchange on Instagram.

Singapore, a financial and free-trading port, has been more open to technology than regional rivals Hong Kong and Tokyo.

The Monetary Authority of Singapore has awarded Binance, Ripple, and Coinbase licences to serve retail and institutional clients.

Bitget had been exempted until July, according to a source familiar with the case. Bitget and the MAS refused to elaborate on the basis for Bitget’s exclusion.

Bitget’s services were still available in Singapore until late November, when it promoted Army Coin and claimed MAS clearance on its website.

After being notified by the Financial Times, the company removed the MAS logo from its site and prevented Singaporeans from using its app or website. Bitget still claims US, Canadian, and Australian licences.

Army Coin has since been listed on CoinTiger, another Singapore-based cryptocurrency market. The coin “exists for the good of BTS” and will “truly support them financially”, according to CoinTiger.

Continue Reading

Money

Munger wishes cryptocurrencies had never been developed

Published

on

Charlie-Munger-crypto

Munger wishes cryptocurrencies had never been developed

Charlie Munger, a billionaire investor, is still not a big supporter of Bitcoin.

‘I wish they’d never been invented,’ Munger said at the Sohn conference in Sydney on Friday, according to the Australian Financial Review.

Asked if he had any admiration for China, Munger replied, “I think they made the right decision by simply banning them.”

The cryptocurrency market temporarily surpassed a market value of $3 trillion in November, and leading coins like bitcoin hit new highs this year, spurring a boom in interest in digital assets.

For the 97-year-old Berkshire Hathaway vice chairman, this position is nothing new. According to Munger, the Covid-19 pandemic made him loathe bitcoin even more in May at Berkshire’s annual shareholder meeting.

In response to the bitcoin success, he declared, “Of course I hate it.” Not only does it make kidnappers and extortionists so much easier to get their hands on your extra billions of billions of dollars, but I don’t enjoy just handing over your extra money to someone who just manufactured a new financial product out of thin air.

According to Munger, “I think I should say modestly that the whole damn development is disgusting and contrary to the interests of civilization.”

Munger, of course, would be opposed by bitcoin advocates. Some people feel that bitcoin can be utilised as a form of inflation protection because of its role as a store of value. According to these proponents, bitcoin is a safe and secure peer-to-peer currency.

Munger, on the other hand, has often slammed bitcoin for its volatility.

“It’s really kind of an artificial substitute for gold. And since I never buy any gold, I never buy any bitcoin,” Munger said at the annual shareholders meeting for the Daily Journal in February. “Bitcoin reminds me of what Oscar Wilde said about fox hunting. He said it was the pursuit of the uneatable by the unspeakable.”

According to Coin Metrics, Bitcoin is currently trading at $56,085, with a market value of more than $1 trillion.

Continue Reading

Entertainment

Singapore has suspended a crypto-exchange, Over a disagreement with K-pop group BTS Singapore has suspended a crypto-exchange, Over a disagreement with K-pop group BTS
Entertainment7 hours ago

Singapore has suspended a crypto-exchange, Over a disagreement with K-pop group BTS

Singapore has suspended a crypto-exchange, Over a disagreement with K-pop group BTS Singapore’s banking watchdog has halted a popular digital currency...

Courtney Love claims to have Elon Musk's mysterious emails Courtney Love claims to have Elon Musk's mysterious emails
Entertainment9 hours ago

Courtney Love claims to have Elon Musk’s mysterious emails

Courtney Love claims to have Elon Musk’s mysterious emails Famous grunge vocalist Courtney Love tweeted a vague threat this week that...

Peacemaker Trailer, Release date and other details Peacemaker Trailer, Release date and other details
Movies1 day ago

Peacemaker: Trailer, Release date and other details

Peacemaker: Trailer, Release date and other details Another trailer for James Gunn’s The Suicide Squad spinoff, Peacemaker, starring John Cena,...

Avatar 2: All new updates and release dates and reason for delays Avatar 2: All new updates and release dates and reason for delays
Entertainment1 day ago

Avatar 2: All new updates and release dates and reason for delays

Avatar 2: All new updates and release dates and reason for delays Although the sequel to Avatar is still a...

Alec Baldwin says I would go to any lengths to undo what happened Alec Baldwin says I would go to any lengths to undo what happened
Entertainment1 day ago

Alec Baldwin says “I would go to any lengths to undo what happened”

Alec Baldwin says “I would go to any lengths to undo what happened” There is “only one question to be...

burger king whoopers 37 cent burger king whoopers 37 cent
Entertainment2 days ago

In celebration of its birthday, Burger King will sell 37-cent Whoppers

Burger King is returning the Whopper to its original 1957 price – a staggering 37 cents. The offer, which is...

Anime NYC Anime NYC
Anime2 days ago

Attendees of Anime NYC were urged to get tested after a person was detected with Omicron. 53,000 attended the event

Attendees of Anime NYC were urged to get tested after a person was detected with Omicron. 53,000 attended the event...

Sports

Money

Auction of Wikipedia's editor's first computer and NFT is On Auction of Wikipedia's editor's first computer and NFT is On
Money7 hours ago

Auction of Wikipedia’s editor’s first computer and NFT is On

Auction of Wikipedia’s editor’s first computer and NFT is On The computer Jimmy Wales used to create Wikipedia is up for auction,...

Charlie-Munger-crypto Charlie-Munger-crypto
Money7 hours ago

Munger wishes cryptocurrencies had never been developed

Munger wishes cryptocurrencies had never been developed Charlie Munger, a billionaire investor, is still not a big supporter of Bitcoin....

Peter Schiff Reveals the True Reason for Bitcoin's Decline in Value Peter Schiff Reveals the True Reason for Bitcoin's Decline in Value
Money7 hours ago

Peter Schiff Reveals the True Reason for Bitcoin’s Decline in Value

Peter Schiff Reveals the True Reason for Bitcoin’s Decline in Value One of the biggest corrections in the cryptocurrency market...

December 5th is the release date for the 'BoredMafia Club' NFT Collection December 5th is the release date for the 'BoredMafia Club' NFT Collection
Gaming8 hours ago

December 5th is the release date for the ‘BoredMafia Club’ NFT Collection

December 5th is the release date for the ‘BoredMafia Club’ NFT Collection An NFT game for 2022 is also in...

Donald Trump to launch his own social media network called TRUTH Social Donald Trump to launch his own social media network called TRUTH Social
Money8 hours ago

Trump’s social media company gets $1 billion in capital deals

Trump’s social media company gets $1 billion in capital deals Former US President Donald Trump appears to be getting closer...

As crypto currencies slump, China summons Evergrande founder As crypto currencies slump, China summons Evergrande founder
Money8 hours ago

As crypto currencies slump, China summons Evergrande founder

As crypto currencies slump, China summons Evergrande founder The government summoned Evergrande’s founder after the company said it might not...

When inflation rises, Warren Buffett recommends these stocks When inflation rises, Warren Buffett recommends these stocks
Money8 hours ago

When inflation rises, Warren Buffett recommends these stocks

When inflation rises, Warren Buffett recommends these stocks Price increases for months have weakened the Fed’s claim that high inflation...

Trending

x