Elon Musk has been in the news a lot of late. The latest, of course, was the announcement that he is purchasing Twitter for $ 44 billion. The tech mogul made a prominent name for himself in design and technology innovation after starting or acquiring many businesses throughout his extensive career.
Most notably known for Tesla Motor Company, which boasts electric cars better for the environment, and SpaceX, a new tech company, focused on space exploration, from design and manufacturing to launching the CEO and many other celebrities on short trips into the sky.
Here are five of Elon Musk’s best tech innovations to date.
Zip2 City Guides
Zip2, Elon Musk’s first major company, was founded in 1995. Described as a “searchable business directory,” Zip2 was a combination of a phone directory and a map.
Unfortunately, when Musk came up with this idea, computers were not yet a common device. Today, of course, they are readily available in the pockets of everyday people, making it difficult to find investors.
One of the first customers to use Zip2 was the New York Times, which convinced many other papers to jump on the bandwagon. This made it possible for Zip2 to build local directories for subscribers who were already online.
After four years in business, Zip2 sold for $ 307 million.
X.Com – Paypal
In 1999, Elon Musk co-founded X.com with Christopher Payne, Harris Fricker, and Ed Ho. X.com was an online bank that attracted customers by giving them a cash reward for signing up and referring new members to the platform. Customers were also not charged overdraft penalties, which drew many new users.
One year later, X.com merged with a Silicon Valley software company called Confinity Inc. Upon merging, the two companies decided on the new name: PayPal. Today the company is independent and boasts revenue of more than $ 25 million.
X.com may not seem like a huge innovation, but it paved the way for services like Cashapp and Venmo.
SpaceX Reusable Rockets
SpaceX has been in the news frequently in 2021 and 2022 for taking celebrities on short flights in its rockets. Musk founded the company in 2002 to innovate space travel.
From reusable rockets to contracts with NASA, SpaceX is innovating space travel. Musk and his company are working on taking celebrities and other wealthy people to the moon and hopefully to Mars in the near future.
In addition, Musk has set his sights on making commercial space travel a reality during his lifetime.
In 2016, Musk bought SolarCity Corp. for $ 2.6 billion. Of course, he is not the inventor of the solar panel. However, he has been widely considered the modernizer of the solar panel after merging the SolarCity technology with Tesla.
In fact, before acquiring SolarCity, the company was run by Elon Musk’s cousins Lyndon and Peter Rive. As a result, the brothers offered completely free charging for the Roadster. They were one of the first to install Tesla’s Powerwall battery, innovating the solar landscape as we know it today.
Tesla Motor Company
Of all of his creations and innovations, Elon Musk is most famous for Tesla. Tesla Motor Company makes electric vehicles designed to lower the need for oil and other unsustainable resources.
Along with Tesla, Musk is also famous for his innovations in battery systems. Many now routinely use these batteries for powering vehicles, homes, and businesses. The Powerwall stores solar and wind energy until the user needs it. Humans use more unlimited resources rather than draining the limited resources that harm the environment.
Tesla vehicles are much more common today than when they were first released. Charging stations are available all over the country, making cross-country trips using an electric vehicle possible.
Tech Innovations for the New Millennium
It’s safe to say that Elon Musk is one of the major innovators of our time.
From Tesla to SpaceX, he has a lot of ideas for the future of the world. In addition, the innovations listed above are just the beginning. The tech mogul has several other ideas up his sleeve… and continues to share new ideas with the world via Twitter.