Posted by Elon Musk is a well-known business and technological entrepreneur. He founded electric car maker Tesla and space travel firm SpaceX; additionally, he co-founded X.com which later evolved into PayPal.
His bid for Twitter stands at the crossroads of several ongoing societal debates: about billionaire influence; mis- and disinformation campaigns; and what kind of responsibility tech platforms owe their users. Elon musk buys Xvideos
Tesla
Elon Musk is one of the richest individuals on Earth and co-founder of Tesla, SpaceX and Boring Company. Additionally, he oversees product design engineering and global production for electric vehicles and battery products.
Tesla CEO Elon Musk has earned an esteemed reputation for upending established business models in the automotive sector and building an admiring fanbase, similar to other iconic tech firms. He’s known for his dedication to innovation as well as inspiring his employees.
Analysts noted he has lined up banks such as Morgan Stanley to assist him with funding his plan, but a significant portion of the $44 billion Twitter deal remains outstanding. Wedbush analyst Ives noted he can raise this money either through selling stock or depositing it into an escrow account until closing date; doing this would allow him to make changes without needing to report progress every few months to shareholders and change Twitter away from its advertising-based revenue model.
SpaceX
Musk, one of the world’s wealthiest individuals, operates his own one-man technology conglomerate focused on space flight, electric cars and neural implants. His hard-charging ways have caused friction with government officials; Walter Isaacson wrote in his biography about him that working with Musk was like dealing with two people at once – with episodes of both “demon mode” and being kind toward employees alternating.
SpaceX, his private company, has quickly become one of the major providers of rocket fuel and has amassed $15.3 billion in government contracts since 2003. NASA uses SpaceX spacecraft and satellites for cargo delivery missions to the International Space Station as well as military satellites. Furthermore, SpaceX operates Starlink satellite constellation with over one million subscribers who enjoy high-speed internet service worldwide – creating another source of revenue to fund his Mars ambitions.
Boring Company
Elon Musk’s Boring Company may not be as widely recognized, yet many are familiar with its mission of tunnel-digging to reduce traffic congestion in major cities worldwide. Working closely with electric vehicle manufacturers, technology partners and infrastructure investors.
Last year, Elon Musk unveiled an ambitious vision in 2016 which has yet to be fulfilled by Tesla Motors and other competitors. However, Elon has recently opened a test tunnel beneath their Hawthorne facility but there’s still much work ahead in terms of realizing Musk’s goal.
Recently, the company made headlines when they won their inaugural paying customer: the City of Las Vegas. Their primary task will be creating a 68-mile public transit system in underground tunnels throughout Las Vegas – yet many remain skeptical as only 2.4 miles have been tunneled thus far in seven years and plans abandoned due to high employee turnover rates.
After months of drama and legal battles, Twitter was acquired by Elon Musk for $44 billion on October 27 averting any court battle that threatened its future. This takeover brings relief to employees and shareholders of Twitter alike while giving Elon a powerful tool with which he can shape how hundreds of millions of people communicate and get news.
As a self-declared free speech absolutist, Musk has pledged to make Twitter an open space for all kinds of content by eliminating its blue checkmark designation that only verified accounts can receive. He has also advocated for remote work opportunities as well as diversity and inclusion at his company, now operating under X Corp’s name.
In July, he attempted to cancel their agreement by alleging Twitter violated their agreement by failing to monitor fake or spam accounts. Just days before trial was due to begin, however, he changed course and announced his purchase would proceed as planned.