Cryptocurrency

Wolf of Wall Street

Elon Musk

<div class="finbold">
 <p class="paragraph">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.</p>
 <div></div>
 <p class="paragraph">Musk’s approach to <a rel="noopener noreferrer nofollow" title="investment" href="https://thebittimes.com/tag/investment.html">investment</a>s seems clear-cut, especially considering his public disclosures. His <a rel="noopener noreferrer nofollow" title="investment" href="https://thebittimes.com/tag/investment.html">investment</a> <a rel="noopener noreferrer nofollow" title="portfolio" href="https://thebittimes.com/tag/portfolio.html">portfolio</a> consists of companies under his direct influence or ownership and ventures in areas like cryptocurrencies.</p>
 <p class="paragraph">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 <a rel="noopener noreferrer nofollow" title="investment" href="https://thebittimes.com/tag/investment.html">investment</a> <a rel="noopener noreferrer nofollow" title="portfolio" href="https://thebittimes.com/tag/portfolio.html">portfolio</a> owned by Musk.</p>
 <h2 class="wp-block-heading" id="h-spacex">SpaceX</h2>
 <p class="paragraph">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.&nbsp;</p>
 <div class="not-prose relative overflow-auto scrollbar-hide mb-8 mt-8">
  <div class="relative w-full flex gap-6 snap-x snap-mandatory overflow-x-auto">
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2024/01/02/0e3fd775a86cfc0641a00e855c589df0.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="machine-learning-algorithm-sets-xrp-price-for-january-31-2024">Machine learning algorithm sets XRP price for January 31, 2024</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2024/01/02/58f4acf5e34446fd0cc4942e06547ceb.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Stocks 
       <h3 class="font-bold leading-6 " id="wolf-of-wall-street-j-belfort-s-market-predictions-for-2024">Wolf of Wall Street J. Belfort’s market predictions for 2024</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2024/01/02/630c05d78db46c3413563f89568e726f.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="expert-bitcoin-s-parabolic-rally-could-begin-if-this-resistance-is-breached">Expert: Bitcoin's parabolic rally could begin if this resistance is breached</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2024/01/02/fdd90fd843a9510255c95187b3717d4b.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="top-3-cryptocurrencies-of-2023-with-the-biggest-gains-of-the-year">Top 3 cryptocurrencies of 2023 with the biggest gains of the year</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2024/01/02/2cde62cbacb7131648d010e3405ecdef.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="chatgpt-picks-3-promising-cryptocurrencies-for-the-start-of-2024">ChatGPT picks 3 promising cryptocurrencies for the start of 2024</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <p class="paragraph">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.</p>
 <h2 class="wp-block-heading" id="h-tesla">Tesla</h2>
 <p class="paragraph">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.</p>
 <p class="paragraph">It’s noteworthy that the progress of Tesla’s stock played a pivotal role in elevating Musk to the status of the world’s richest person. During the technology stock rally, the company’s stock witnessed a remarkable surge of about 700% in 2020. In the broader context, Tesla remains active in the EV field, with ongoing projects spanning from electric tractor-trailer trucks to the high-performance Roadster supercar.</p>
 <figure class="wp-block-image aligncenter size-large"><img decoding="async" loading="lazy" width="1024" height="683" src="https://cdn.thebittimes.com/images/2024/01/02/60fb609b0f23810ca0ac1bd69d5a0172.webp" alt class="wp-image-146529" srcset="https://cdn.thebittimes.com/images/2024/01/02/60fb609b0f23810ca0ac1bd69d5a0172.webp 1024w, https://cdn.thebittimes.com/images/2024/01/02/60fb609b0f23810ca0ac1bd69d5a0172.webp 300w, https://cdn.thebittimes.com/images/2024/01/02/60fb609b0f23810ca0ac1bd69d5a0172.webp 768w, https://cdn.thebittimes.com/images/2024/01/02/60fb609b0f23810ca0ac1bd69d5a0172.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><em>TSLA all-time stock price chart. Source: Finbold</em>
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="h-the-boring-company">The Boring Company</h2>
 <p class="paragraph">In 2017, Musk founded The Boring Company to address traffic congestion by constructing underground tunnels. Despite its name, The Boring Company is far from dull, actively working on solutions to improve urban transportation.</p>
 <p class="paragraph">In March 2019, The Boring Company secured approval from the Las Vegas Convention and Visitors Authority for a $48.6 million proposal. This plan involved constructing an LVCC Loop underground tunnel, which would run beneath the Las Vegas Convention Center, boasting three stations and a pedestrian tunnel. The project was completed in 2021. The company also actively engages in other projects in Hawthorne, California, and Las Vegas.</p>
 <h2 class="wp-block-heading" id="h-x-formerly-twitter">X (formerly Twitter)</h2>
 <p class="paragraph">In a rather unexpected <a rel="noopener noreferrer nofollow" title="investment" href="https://thebittimes.com/tag/investment.html">investment</a> move, Musk disclosed in a Securities Exchange Commission (SEC) filing that he had invested $2.9 billion, acquiring a 9% stake in Twitter (now X). Expressing discontent with the platform’s management, Musk declared his intention to acquire the social media giant and transform its algorithm into an open-source system.</p>
 <p class="paragraph">This strategic move marked Musk’s entry into the realm of social media and underscored his push to foster free speech on the platform. Eventually, he completed the acquisition of the platform for $44 billion and subsequently renamed it X, reflecting the changes he sought to implement.</p>
 <h2 class="wp-block-heading" id="h-xai">xAI</h2>
 <p class="paragraph">Established in March 2023, xAI represents Musk’s foray into artificial intelligence (AI), having secured $134.7 million in external funding by December of the same year. The company’s immediate objective is to pioneer AI with advanced mathematical reasoning, exemplified by projects such as Grok, an AI chatbot seamlessly integrated with xAI.</p>
 <p class="paragraph">Notably, the company’s inception was partly motivated by a desire to compete with OpenAI, the entity responsible for the successful ChatGPT tool. It’s worth mentioning that Musk was among the founders of OpenAI but departed from the company in 2018.</p>
 <h2 class="wp-block-heading" id="h-neuralink">Neuralink</h2>
 <p class="paragraph">Established in 2016, Neuralink, another brainchild of Musk, focuses on developing implantable brain-computer interfaces. Neuralink aims to create a neural link between brains and computers, initially helping people with quadriplegia interact with digital devices.</p>
 <h2 class="wp-block-heading" id="h-cryptocurrency">Cryptocurrency</h2>
 <p class="paragraph">Musk’s influence extends into the cryptocurrency space, where he is dubbed the ‘DogeFather’ for his role in popularizing meme coin Dogecoin (DOGE). Musk has also invested heavily in Bitcoin (BTC) and Ethereum (ETH), with SpaceX and Tesla owning significant amounts of Bitcoin. Musk’s tweets about cryptocurrencies can cause significant market fluctuations, showcasing his impact on digital assets.</p>
 <p class="paragraph">Besides the highlighted companies, Musk has also been involved in others, including PayPal&nbsp;(NASDAQ: PYPL), DeepMind, and Zip2.</p>
 <p class="paragraph"></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/revealed-elon-musk-s-investment-portfolio-in-2023-tbt75325.html">https://thebittimes.com/revealed-elon-musk-s-investment-portfolio-in-2023-tbt75325.html</a></p>

Revealed: Elon Musk’s investment portfolio in 2023

Indice dei contenuti

TheBitTimes

Altri articoli pubblicati su 2 gen 2024

5 Tokens to Watch: Can TRB, ADA, BONK, AVAX, SOL Maintain Momentum?

The Most Common Crypto Scams To Look Out For In 2024

The token that lived: how Solana project rose from the ashes

HBAR Price up 11%; Will Hedera Rise Further and Reward Investors?

Kang Signals Mispriced Bitcoin in the Wake of ETF Hype and Halving

Fame AI and Neo Forge Groundbreaking Partnership in Crypto Industry

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!