Alexander Graham Bell, Henry Ford, Nicola Tesla, Albert Einstein, and Elon Musk come to mind when you think about brilliant inventors. Since his arrival in the world in 1971, Musk has given the world a steady stream of well-known innovations. Discover some well-known Elon Musk creations that are changing the world.
An electronic replacement for conventional paper methods like checks and money orders, PayPal Holdings, Inc. is an American multinational financial technology firm that operates an online payments system in most countries that permit online money transfers. The business processes payments for internet retailers, auction sites, and several other business users for a fee.
Confinity, the company that founded PayPal in 1998,changed its name to PayPal in 2002. Later that year, it was acquired by eBay and was given a $1.5 billion valuation. 2015 saw eBay spin out PayPal to its stockholders, restoring PayPal’s independence. According to revenue, the company was rated 143rd on the 2022 Fortune 500 list of the largest American corporations.
9. Zip2 City Guide
Newspapers were given access to Zip2’s online city guide software through a licensing. Greg Kouri and the Musk brothers, Elon and Kimbal, launched the business in 1995 as Global Link Information Network in Palo Alto, California. Prior to being acquired by Compaq Computer in 1999, Global Link initially helped local businesses establish an online presence. However, as time went on, it also started working with newspapers to create online city guides.
8. Solar City
The Fremont, California-based SolarCity Corporation was a publicly traded business that offered other products and services to residential, commercial, and industrial clients in addition to selling and installing solar energy producing equipment. Elon Musk’s cousins Peter and Lyndon Rive, nephews of model Maye Musk, and Elon Musk, CEO of Tesla, Inc., started the business on July 4, 2006. Tesla reorganized its solar division into Tesla Energy in 2016 after purchasing SolarCity for about $2.6 billion.
SolarCity placed a significant emphasis on door-to-door sales of leased systems, in which customers agreed to pay no up-front expenditures in exchange for a 20-year power purchase agreement from the company. The company’s business strategy made it the most well-known in the US and the largest residential solar installation, but it also left SolarCity with more than $1.5 billion in debt by the time it was acquired in 2016.
The two businesses worked closely together before Tesla bought it. Tesla CEO Elon Musk was chairman of SolarCity, which provided free charging to Tesla Roadster customers at its charging stations and was one of the first companies to install the Tesla Powerwall home energy storage battery.
7. Tesla Storage System
A stationary lithium-ion battery solution for home energy storage called the Tesla Powerwall is made by Tesla Energy. The Powerwall stores electricity for backup power, time-of-use load balancing, and self-consumption of solar energy. In 2015, the Powerwall was released, although only in small quantities. Early in 2017, mass production at Tesla’s Giga Nevada factory began. Tesla had 200,000 Powerwalls installed as of May 2021.
Additionally, Tesla Energy provides larger battery energy storage systems, including the Megapack for use with the electrical grid and the Powerpack for use by enterprises.
6. Starlink Internet
been expressed by astronomers regarding the constellation’s potential impact on astronomy conducted from the ground as well as how the additional satellites will affect the already crowded orbital environment. SpaceX has made improvements to Starlink satellites designed to lessen their brightness while in operation in an effort to allay astronomy worries. The satellites have Hall thrusters that run on krypton that enable them to de-orbit at the end of their useful lives. The satellites are also built with automated collision avoidance based on uplinked tracking information.
5. Reusable Rockets
Similar to the reusability of aircraft, SpaceX is privately funding the development of orbital launch vehicles that can be used repeatedly. Over a number of years, SpaceX has been working on the technologies that will enable complete and quick reusability of space launch vehicles. Long-term goals of the project include returning a launch vehicle’s first stage to the launch site in a matter of minutes and returning a second stage to the launch pad in a period of up to 24 hours after orbital realignment with the launch site and atmospheric reentry. The long-term objective of SpaceX is to create orbital launch vehicles with both stages that can be reused a few hours after landing.
2011 saw the program’s official announcement. In December 2015, SpaceX made history by successfully landing and recovering a first stage. Only five months had passed since the booster’s initial flight when the first landed first stage was launched again for the second time in June 2017. In October 2017, the SES-11/EchoStar-105 mission made its third attempt. Then, reflights of upgraded first stages became commonplace. B1051 became the first booster to launch ten flights in May 2021.
For the Falcon 9’s first stage, the reusable launch system technology was created and first employed. The rocket turns around after stage separation, performs an optional boostback burn to change its direction, a reentry burn to manage the landing site, and a landing burn to perform the final low-altitude deceleration and touchdown.
Because the vehicle is moving at orbital velocity, extending reusable flight components to second stages is a more difficult engineering problem that SpaceX hoped to tackle (at least starting in 2014). Elon Musk’s ideas to enable the settlement of Mars place a premium on second stage reuse. Initial ideas to make the Falcon 9’s second stage reusable were dropped.
SpaceX is actively developing the Starship system as of 2021 with the goal of making it a fully reusable two-stage launch vehicle that will eventually replace all of its current launch vehicles and spacecraft used for delivering satellites and transporting people (Falcon 9, Falcon Heavy, and Dragon), as well as support missions to the Moon and Mars. Additionally, it might be applied to point-to-point travel on Earth.
4. Tesla Motor Company
Austin, Texas serves as the corporate headquarters of the American automotive and clean energy business Tesla, Inc. Tesla creates and manufactures solar panels, solar roof tiles, electric vehicles (electric cars and trucks), residential and grid-scale battery energy storage, and other associated goods and services. With a market value of more than US$840 billion, Tesla is one of the most valuable companies in the world and continues to be the most valuable automobile. With 21% of the battery-electric (pure electric) market and 14% of the plug-in market, the firm sold the most battery electric and plug-in electric vehicles globally in 2021. (which includes plug-in hybrids). The business creates and install a significant amount of photovoltaic systems in the US through its subsidiary Tesla Energy.
With 3.99 gigawatt-hours (GWh) of deployed battery energy storage systems in 2021, Tesla Energy is also among the biggest suppliers of such systems globally.
Martin Eberhard and Marc Tarpenning established Tesla Motors in July 2003. Nikola Tesla, an inventor and electrical engineer, is honored in the corporate name. With a $6.5 million investment in February 2004, Elon Musk rose to the position of the company’s largest shareholder. He assumed the position as CEO in 2008. Musk claims that Tesla’s goal is to hasten the transition to environmentally friendly energy and transportation, using solar energy and electric vehicles as the primary sources. The Roadster sports car, which was Tesla’s first vehicle model, entered manufacturing in 2009. The Model S sedan arrived in 2012, the Model X SUV appeared in 2015, the Model 3 sedan appeared in 2017, and the Model Y crossover appeared in 2020.The Model 3 was the first electric vehicle to sell one million units globally, becoming the all-time best-selling plug-in electric vehicle in June 2021. Tesla sold 936,222 vehicles globally in 2021, a growth of 87% over the previous year. As of August 2022, the company has sold a total of 3 million vehicles. Tesla became the sixth corporation in American history to have a market valuation of $1 trillion when it did so in October 2021.
Due to CEO Elon Musk’s statements and actions, as well as claims of creative accounting, whistleblower retaliation, worker rights violations, and unresolved and potentially dangerous technical issues with their products, Tesla has become the target of numerous lawsuits, increasing government scrutiny, critical media coverage, and public controversies.
3. The Boring Company
Elon Musk launched the American infrastructure and tunnel building services firm The Boring Company (TBC). For intra-city (“loop”) transit systems, it is currently working on a number of projects.
Two loop-traveling tunnels were finished by TBC in Las Vegas. In Los Angeles County, one tunnel was finished for testing.
As his initial source of inspiration for the project, Musk noted the difficulty of Los Angeles traffic and what he perceived as the limits of its two-dimensional transit network. The Boring Company was established as a SpaceX subsidiary before dissolving in 2018. Musk controlled 90% of the ownership as of December 2018, while SpaceX held the remaining 6% as compensation for using SpaceX resources to launch the company. In 2019, outside investments modified the equity split.
A proposed high-speed system for both people and goods transit is called a hyperloop. Elon Musk coined the phrase to denote a cutting-edge project based on the vactrain idea (first appearance in 1799). Tubes, pods, and terminals are the three fundamental components of hyperloop systems. A massive, sealed, low-pressure system, the tube (usually a long tunnel). Using magnetic propulsion, the pod is a coach that is essentially free of air resistance or friction while being pressured to atmospheric pressure inside this tube (in some cases augmented by a ducted fan). Arrivals and departures of pods are handled by the terminal. The Hyperloop differs from vacuum trains in its initial design proposed by Elon Musk by depending on internal air pressure to create lift for aerofoils and propulsion by fans.
The idea of the hyperloop was first proposed by George Medhurst in 1799, and it was further refined as the pneumatic railway, atmospheric railway, or vactrain. After bringing up the hyperloop in a 2012 speech, Elon Musk expressed a renewed interest in the technology. Musk furthered the idea by releasing a white paper in August 2013 that imagined a hyperloop route roughly following Interstate 5 from the Los Angeles region to the San Francisco Bay Area. In his original design, compressed capsules rode inside reduced-pressure tubes on air bearings powered by axial compressors and linear induction motors. Transportation experts disputed the white paper’s cost projections, with some forecasting that a realized hyperloop would cost several billion dollars more than anticipated.
Musk and SpaceX have championed the idea of the hyperloop, and other businesses or groups have been urged to work together and further the technology. The hyperloop speed record was established by the Technical University of Munich Hyperloop in July 2019 at the SpaceX-hosted pod design competition in Hawthorne, California, reaching a speed of 463 km/h (288 mph). At its test facility in Las Vegas, Virgin Hyperloop conducted the first human trial in November 2020, reaching a high speed of 172 km/h (107 mph).
The neurotechnology firm Neuralink Corporation creates implanted brain-machine interfaces (BMIs). Elon Musk, Max Hodak, and Paul Merolla co-founded the business, which has its main offices in San Francisco’s Pioneer Building and shares space with OpenAI. Launched in 2016, Neuralink was initially made public in March 2017.
The business has hired a number of renowned neuroscientists from various universities since it was founded. It had $158 million in funding as of July 2019 (of which $100 million came from Musk), and there were 90 people working for it. At that time, Neuralink announced that it was working on a “sewing machine-like” device capable of implanting very thin (4 to 6 μm in width) threads into the brain, and demonstrated a system that read information from a lab rat via 1,500 electrodes. They originally planned to begin conducting human experimentation in 2020, but they have recently revised their timeline to 2022.
Claims made by Musk regarding Neuralink and its technology have been questioned by a number of neuroscientists and publications, including the MIT Technology Review.