Elon Musk is one of the most admired foreign businessmen besides Steve Jobs, and his life is simply the real version of Iron Man. Elon Musk is a genius above the madman, his business idea is really too great. He is the leader of technology companies in Silicon Valley, and after understanding his business empire and corporate philosophy, you will feel that all entrepreneurs are really weak in front of him! All the companies are weak compared to his business philosophy!
Let's take a look at nine areas of Musk's business empire and how it will disrupt these industries and change the world:
1. Payments: PayPal
Peter Thiel, the founder of PayPal, asked the question. "Why is it that half a century after men walked on the moon, our technological advances have produced a 140-character social network, but not a flying car?" Silicon Valley is home to some of the smartest people in the world, and those people are using their smarts to get people to click on ads more often. Musk is tired of these "innovations" that don't work. Musk was once the largest shareholder of PayPal, and after selling PayPal, he realized his wealth. He was 30 years old at the time, but it was after that that he really started his crazy life of adventure. Here's a look at some of the really crazy things he's doing!
2. Electric car: Tesla
Founded in 2003, Tesla was Musk's second venture after PayPal, and one of his most ambitious. When it was founded, Tesla envisioned a future of self-driving cars in which most people would be traveling in self-driving Teslas, and owners would be able to rent them out for money. But capacity issues have always plagued it, and the resulting delays in deliveries have worried many shareholders for a while. Tesla's fanfare made it a tempting target for short sellers, but at least in 2020, Tesla's performance has cost short sellers dearly, with total losses across shorts exceeding $20 billion. From the perspective of national policy directions, it makes sense to expect electric cars to go mainstream. The U.K. and France have already decided to ban diesel and gasoline cars from 2040. China, the largest auto market, has also said that by 2025, 20 percent of its vehicles should use some alternative fuel. Under the guidance of such policies, major traditional car companies are also promoting the development, manufacture and sale of electric vehicles. At this pace, it seems that dominating the EV market will mean eventually leading the entire auto industry. (This is also an important reason for the trade war between China and the United States, the introduction of Tesla and the development of new energy sources. Because oil is tied to the dollar)
3. Rocket company : space x (the world's second unicorn company 200 billion dollars)
The most powerful thing about Space X is that his rockets are not disposable, but can be recycled for multiple uses, which makes the rocket launch cost much lower. (This technology is currently owned by only four people: the U.S., Russia, China, and Musk.) With this rocket system from Space X, Musk has done a couple of things. The first thing is that it can be used to help other organizations to launch satellites to make money, he took NASA (NASA) 1 billion dollar order, but also to help other countries or commercial companies to launch satellites, this is its business model. The second thing, Musk utilizes his own family's space x rocket to constantly launch satellites into the sky, creating a satellite chain system that covers the globe. This is his starlink program (starlink) on october 22, 2019, musk managed to send a historic tweet through starlink and said that starlink is capable of providing internet service. starlink aims to provide service in the northern United States and canada by 2020, and to expand its service to near the globe by 2021. spacex plans to have a satellite chain in deploy close to 12,000 satellites in three orbits by the mid-2020s: first about 1,600 satellites in a 550-km orbit, followed by about 2,800 Ku- and Ka-band satellites in an 1,150 orbit, and finally about 7,500 V-band satellites in a 340-km orbit. The entire program is expected to require about $10 billion in expenditures. The third and greatest thing he is going to do is to build a space station and send humans to Mars to live there. This is his goal to evolve mankind from earthly creatures to interstellar creatures. Also utilizing this rocket system of his, he can reduce the time from New York to Shanghai to less than an hour.
4. Telecom/Internet: Starlink
The idea of using satellites to deploy Internet services is not very "innovative", and since the early 1990s there have been a number of satellite deployments, including Iridium, Teledesic, Globalstar, and OneWorld. Starlink has some important advantages over them: 1. cost: as mentioned earlier, SpaceX has and continues to make satellite launches much cheaper; 2. speed: previous satellite Internet attempts have capped speeds at 25Mbps, while SpaceX is targeting speeds of about 1Gbps; and 3. is targeting speeds of about 1Gbps; 3. latency: the time it takes for packets to travel between Earth and the satellite, with current high-orbit carriers offering about 600 milliseconds of latency, while SpaceX's low-orbit satellites are targeting less than 20 milliseconds.In 2018, SpaceX received approval from the FCC (the U.S. Federal Communications Commission) for the launch of up to 11,943 broadband satellites . A few months later, SpaceX sent a used rocket into space for the first time, after which SpaceX reduced the cost of launching a satellite to about $62 million, compared to competitors' prices of $165 million.SpaceX's reusable rocket technology can be further improved to compress costs to under $30 million. As of August 2020, Starlink has deployed nearly 600 satellites (it is expected to take 800 satellites to get Internet service up and running). The company plans to offer service in North America by the end of 2020, expanding to near-global coverage by 2021.
5. New energy: SolarCity (which replaces fossil fuels)
What a lot of people don't realize is that Tesla also has a solar energy company under its umbrella called SolarCity, which Musk founded with his brother and which was later acquired by Tesla. What Musk is trying to create is an ecosystem that utilizes solarcity's solar cells to generate electricity on rooftops, and Tesla's batteries are the equivalent of an electrical energy storage system. If you have extra more electricity, you can still sell it to other people. That's real clean energy, not what we're doing now, which is pseudo-clean energy, which is using electricity from coal-burning thermal power to power electric cars.SolarCity, Inc. was founded in October 2008 as a U.S. company specializing in the development of photovoltaic power generation projects for homes, and is located in Foster City, California.Solarcity is in fact a financial service provider, offering customers rooftop Solarcity is actually a financial service provider, providing customers with operational leasing services for rooftop photovoltaic equipment. SolarCity's market capitalization is now valued at around $10 billion, and the field will be even broader in the future, because resources will be more attention in the future, and more and more clean energy sources will replace fossil energy sources, and more and more of the company's customers will become more and more popular.
6. Transportation: Hyperloop (faster and cheaper than airplanes)
The idea of Hyperloop transportation in vacuum tubes was born a century ago, but it wasn't until 2012 that people slowly began to be influenced by Musk and change their minds. They envisioned a "capsule" type of container that could travel 30 miles in 2 1/2 minutes, cutting a six-hour trip down to 30 minutes, and break even for about $20. This is the prototype of the Hyperloop commercial transportation model. It's faster than any traditional mode of transportation, and twice as fast as Japan's new maglev trains.Hyperloop could have a major impact on several different industries. First and foremost is the aviation industry, a $760 billion market. In addition to not being able to cross the ocean, Hyperloop could move passengers faster and cheaper than airplanes, and that speed could change the way people live and live: a person could work in Manhattan, New York, but live in the countryside six hours away because it takes only 30 minutes to commute by Hyperloop.
7. Infrastructure/tunneling: the Boring Company
In December 2016, Musk was stuck in traffic, so he tweeted, "Traffic jams are driving me crazy! I'm going to build a tunnel boring machine and start digging tunnels." Less than an hour later, the project was officially named "The Boring Company," and two hours later he tweeted again, "We're really going to start digging tunnels." In February 2017, Musk dug a "demo tunnel" in SpaceX's parking lot, and in March 2017, a photo appeared on Musk's Twitter account of a tee-shirt embroidered with "The Boring Company." embroidered on his Twitter account. The life of a rich man is indeed dull and boring. The Boring Company, which is building a network of underground tunnels in Los Angeles in which the system will automatically transfer cars via electric skateboards that can reach speeds of up to 200 kilometers per hour, has said. Musk has said that this network of underground tunnels will have up to 30 levels of tunnels that can transmit cars and also super trains.In May 2019, regulators in Las Vegas, USA, voted to approve a $48.6 million project by Elon Musk's excavation company, Boring ("The Boring Company," The Boring Company) a $48.6 million contract for Boring to build commercial tunnels in Las Vegas. This represents an official endorsement of Musk's project, much like when NASA bought SpaceX's rockets. Musk was also said to be in talks with the Chinese government about digging tunnels last July.
8. Artificial Intelligence: OpenAI (the largest natural language processing)
Musk's reason for doing AI is quite odd, he is afraid that humans can't control AI. He was so worried about Google's AI that he had advised Larry Page, Google's founder, to give up on AI research because he was so worried that AI was uncontrollable and would destroy humanity. But AI is Google's core product for the future, and it's unlikely that it will be abandoned. So Musk joined forces with a bunch of other cowboys in Silicon Valley to form an AI company, and it's a non-profit. Musk knows that his Tesla car wants to develop unmanned technology will inevitably use AI, and knows that SpaceX's Mars program will inevitably need the assistance of AI, but he is also afraid that the development of AI is out of control. So the best thing he could think of was to let everyone have the power of AI. "I think the best way to prevent the misuse of AI is to let as many people as possible have AI," he said, "and if everyone has AI, then there's no such thing as someone or some part of the population holding AI privileges."
9. Healthcare: Neuralink (brain-computer interface)
Neuralink is a neurotechnology company founded by Musk and eight other co-founders to develop implantable brain-computer interface technology.Founded in 2017, the company is based in San Francisco. Musk wants people to be able to implant brain-computer interface chips as safely and painlessly as minimally invasive eye surgery. The new "punch" uses a laser to drill holes in the skull to minimize damage. The "sewing machine" can implant a wire as thin as a quarter of a human hair into the brain while avoiding blood vessels in the brain, and Neuralink says it hopes to implant its system in the brains of paralyzed volunteers by the end of 2020. Musk has previously said he wants to test the "telepathy" device on healthy people within a decade. Simply put, Neuralink is a chip embedded in your brain that allows you to control machines with your mind. For example, if I'm typing an article right now, it's my mind directing my hands to type. But if the chip is embedded in my brain, I may not need my hands to hit the keyboard when I think of any words, after the chip is connected to the computer, as long as you think of the words you want to input, you can directly hit the words on the computer. They have now experimented on rats, the next step is to do human experiments.
To summarize: this is Musk's business empire! There's no denying that each of Musk's companies is significant to our future, and as for how they will disrupt industries and change the world, only time can give us the answer. Often geniuses and madmen are really a hair's breadth apart, and Musk is an entrepreneur I admire abroad. Musk is leading mankind, to a whole new world!