Elon Musk’s Portfolio: 5 Biggest Investments

4. SpaceX

SpaceX was founded by Elon Musk in 2002 with a mission to revolutionize space technology and take humankind to Mars. The company has achieved a slew of milestones in this regard already. In 2006, the company was awarded the first NASA contract. In 2008, it launched the Falcon-I, the first liquid-propellant rocket made by a private firm to reach orbit. In 2010, the Dragon spacecraft of the company touched down on the International Space Station. The firm was last year awarded a $3 billion NASA contract. 

As the reusable rockets developed by SpaceX become more popular, investors have started to pay serious attention to the company. In October of 2021, the firm announced that it had agreed to sell $755 million in stock from insiders at $560 a share, valuing SpaceX at more than $100 billion. Merely a few months prior, in February 2021, the company had fetched a $74 billion valuation at a $419 per share price. It has raised over $1.2 billion at a funding round then. Musk has so far not revealed when he plans to make the firm public.