{"id":1361,"date":"2026-06-13T15:08:14","date_gmt":"2026-06-13T15:08:14","guid":{"rendered":"https:\/\/crosscountrymovingteams.com\/?p=1361"},"modified":"2026-06-13T15:08:14","modified_gmt":"2026-06-13T15:08:14","slug":"more-and-more-of-musks-companies-end-up-under-the-same-roof-heres-a-look-at-his-sprawling-empire","status":"publish","type":"post","link":"https:\/\/crosscountrymovingteams.com\/?p=1361","title":{"rendered":"More and more of Musk\u2019s companies end up under the same roof. Here\u2019s a look at his sprawling empire"},"content":{"rendered":"<div>\n<p>Electric vehicles. Brain implants. Underground tunnels. A social media platform once called Twitter. And a rocket maker that\u00a0blasted off its trading\u00a0from Wall Street this week.<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=1359\">The \u2018AI superstar\u2019 CEO behind a self-driving truck unicorn on why Gen Z is a better hiring bet than industry veterans<\/a><\/p>\n<p>Over time, more and more of these ventures have found themselves under the same roof. Musk merged SpaceX \u2014 which went public on Friday \u2014 with his artificial intelligence company xAI\u00a0just earlier this year. But he still holds the CEO role at several corporations today, in addition to other various executive titles or ownership stakes.<\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<p>Here\u2019s a look at Musk\u2019s vast business empire.<\/p>\n<h4>SpaceX<\/h4>\n<p>Musk is CEO of SpaceX, which he founded in 2002. The company has grown far beyond rockets. It owns satellite communications service Starlink, a big source of cash for the company that generated\u00a0$4.4 billion in operating income\u00a0last year. SpaceX also houses social media platform X, formerly known as Twitter, which Musk\u00a0bought for $44 billion in 2022\u00a0and parked it under xAI, the maker of the\u00a0Grok chatbot.<\/p>\n<p>Both xAI and X are money losers (the AI business lost $6.4 billion in operations last year). Nonetheless, SpaceX \u2014 which lost $2.6 billion overall from operations last year \u2014 was able to whip up enough market hype to debut with the biggest initial public offering in history on Friday, closing at just below $161 per share, or a total market value of $2.1 trillion.<\/p>\n<p>Some think that price tag significantly overvalues the company. SpaceX has promised it will become a leader in AI and one day help make human life multiplanetary \u2014 with lofty, and at times sci-fi sounding, goals that range from putting data centers in space to colonizing Mars. But the bulk of that hinges on unproven technology and massive capital needs.<\/p>\n<div>\n<div><\/div>\n<\/div>\n<h4>Tesla<\/h4>\n<p>Musk is also CEO of Tesla, a role he has held at the electric car maker since 2008.<\/p>\n<p>Tesla has struggled with rising competition in the EV space. Last year, the company lost its crown as the world\u2019s largest EV maker to China\u2019s BYD. Sales were also bruised\u00a0during boycotts over Musk\u2019s politics. Those numbers have\u00a0since rebounded some, but Musk has repeatedly shrugged off troubles \u2014 emphasizing that Tesla\u2019s future lies less in car sales than getting people to\u00a0take rides in them\u00a0as self-driving taxis.<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=1357\">I spent 8 years flood-proofing a city. Capital markets are running out of time to take El Ni\u00f1o seriously<\/a><\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<p>Beyond the road, Tesla has been upping production of\u00a0robots\u00a0for homes and businesses. And it\u2019s also been in the solar energy business for about a decade with it purchase of SolarCity, which\u00a0was founded by\u00a0Musk and two of his cousins. Tesla went public in 2010, and went on to join the trillion dollar club on the S&amp;P 500. Its market cap currently stands around $1.5 trillion.<\/p>\n<div>\n<div><\/div>\n<\/div>\n<h4>Neuralink<\/h4>\n<p>Musk has also the CEO title at Neuralink, a brain-computer interface company he co-founded in 2016.<\/p>\n<div>\n<div><\/div>\n<\/div>\n<div>\n<div><\/div>\n<\/div>\n<p>Neuralink is one of many groups\u00a0working to connect the human nervous system to machines.\u00a0It\u2019s launched clinical trials for people who have spinal cord injuries, ALS and other conditions. The company (and sometimes\u00a0Musk himself\u00a0) has announced\u00a0a handful of brain implants\u00a0over recent years. In January, Neuralink said it had 21 trial participants worldwide.<\/p>\n<h4>The Boring Company<\/h4>\n<p>Musk also founded The Boring Company, a decade-old tunnel digging and underground transportation business.<\/p>\n<p>The Boring Company is behind projects like the \u201cVegas Loop\u201d \u2014 a network of underground, Tesla-hailing tunnels that first opened around around the Las Vegas Convention Center in 2021. It\u2019s promised to deliver a network of high speed transit \u2014 with plans to also make tunnels in\u00a0Dubai\u00a0and Nashville. Still, pushback has piled up along the way. The company\u00a0has been accused\u00a0of breaking multiple safety and environmental requirements in Las Vegas, where its full route is still unfinished, and other criticism from some\u00a0local officials in Nashville.<\/p>\n<h4>Paypal and other previous endeavors<\/h4>\n<p>Musk made his initial fortune by creating two companies, Zip2 and PayPal (\u00a0once X.com\u00a0). Those then-startups were sold to new owners decades ago \u2014 but\u00a0netted him\u00a0about $200 million at sale, which Musk used to later start SpaceX and invest in Tesla.<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=1355\">How Elon Musk rewrote SpaceX\u2019s story\u2014and turned it into the greatest IPO debut in history<\/a><\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>He still holds the CEO role at several corporations today, in addition to other various executive titles or ownership stakes.<\/p>\n","protected":false},"author":1,"featured_media":1360,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[193],"tags":[],"class_list":["post-1361","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-elon-musk"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>More and more of Musk\u2019s companies end up under the same roof. 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