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Tags: elon musk | twitter | spacex | tesla | paypal

From Outer Space to Social Media, Elon Musk's Growing Universe

Musk
SpaceX owner and Tesla CEO Elon Musk at the Axel Springer Award in Berlin, Germany (Getty Images, 2020 file photo)

Monday, 25 April 2022 09:01 AM EDT

Twitter Inc. is poised to accept billionaire Elon Musk's "best and final" $43 billion takeover offer, people familiar with the matter told Reuters on Monday.

Earlier in April, the social media company had adopted a "poison pill" to protect itself from Musk's $54.20 per share offer, which followed days after he had disclosed a 9.2% stake.

Musk, a prolific tech entrepreneur, whose net worth is nearly $300 billion according to Forbes, has founded, co-founded or is leading the following companies:

Neuralink - 2016

The brain chip startup aims to connect humans and computers. In July last year, it said it had raised over $200 million from investors including Google Ventures.

SpaceX - 2002

The company designs and manufactures aerospace technology, and aims to land its rockets on Mars before 2030. It was valued at over $100 million, CNBC reported last year.

The Boring - 2017

The underground tunneling company company aims to build hyperloops, an ultra-high-speed ground transportation system for passenger and cargo, to solve big city traffic problems.

Tesla Inc. - 2003

The electric-car maker, which went public in 2010, is valued at more than $1 trillion, more than legacy automakers Ford and General Motors combined. Last year, Musk said the company will probably launch a "Tesla Bot" humanoid robot prototype in 2022, designed for dangerous, repetitive, or boring work that people don't like to do.

PayPal - 1998

The fintech company went public as Holdings Inc. first in 2002, and was bought by eBay Inc for $1.5 billion soon after. It then went public again in 2015.

Stripe Inc. - 2010

The digital payments 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 step towards a stock market debut.

Vicarious - 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 the Vicarious website.

© 2023 Thomson/Reuters. All rights reserved.


StreetTalk
Twitter Inc. is poised to accept billionaire Elon Musk's "best and final" $43 billion takeover offer, people familiar with the matter told Reuters on Monday.
elon musk, twitter, spacex, tesla, paypal
332
2022-01-25
Monday, 25 April 2022 09:01 AM
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