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Elon Musk emerges as one of the most accomplished entrepreneurs, with a substantial net worth of around $251.3 billion as of December 31, 2023. Naturally, investors are intrigued by Musk’s investment strategies. Musk’s approach to investments seems clear-cut, especially considering his public disclosures. His investment portfolio consists of companies under his direct influence or ownership and ventures in areas like cryptocurrencies. Remarkably, Musk chooses not to uphold an extensive collection of publicly traded stocks in companies where he lacks active, day-to-day involvement. In this context, Finbold has compiled the following investment portfolio owned by Musk. SpaceX In 2002, Elon Musk founded SpaceX with a mission to revolutionize space technology. Over the years, the company has achieved remarkable milestones, including launching the first private liquid-propellant rocket, Falcon 1, in 2008 and delivering the Dragon spacecraft to the International Space Station in 2010.  SpaceX has played a significant role in NASA’s Artemis program, aimed at returning humans to the moon and, ultimately, venturing to Mars. The initial contract with SpaceX for the Artemis program, signed in 2021, amounted to $2.9 billion. The objective is to utilize SpaceX’s Starship vehicles to ferry astronauts from lunar orbit to the moon’s surface. Subsequently, in 2022, another contract valued at $1.15 billion was awarded to SpaceX for its continued involvement in the Artemis initiative. Tesla Motors Though not among the founding members, Musk invested $6.3 million in Tesla (NASDAQ: TSLA) in 2004 and assumed the role of CEO in 2008. Tesla has emerged as a pioneer in sustainable transportation, introducing electric vehicles (EV) such as the Model S, Model X, Model 3, and Model Y. The Cybertruck is the latest addition to the company’s innovative lineup. It’s noteworthy that the progress of Tesla’s stock played a pivotal role in elevating Musk to the status of the…

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Filed under: News - @ January 1, 2024 12:12 pm