Neuralinks, Boring Tunnels And Now A Political Party: A Look at Elon Musk’s Business Galaxy

Last Updated:July 06, 2025, 17:24 IST

Elon Musk has launched the America Party to challenge the US "one-party system." He aims to fight wasteful spending and deepen his involvement in public life.

Elon Musk looks on during a news conference with US President Donald Trump in the Oval Office of the White House in Washington. (File photo via AFP)

Elon Musk, the world’s richest person, has officially launched a new political party in the United States, adding politics to his already wide-ranging list of ventures. Musk announced the creation of the America Party on Saturday, saying it would challenge what he described as the country’s “one-party system."

The move comes after Musk’s public fallout with US President Donald Trump, who he once supported and even served under as head of the Department of Government Efficiency (DOGE).

The tech billionaire had criticised Trump’s flagship spending bill, warning they would deepen the national debt, and has vowed to fight lawmakers who backed the budget. “When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy," he shared on X, the social media platform he owns.

Now with his own political party, Musk is moving further into public life, while still running or holding key roles in some of the most high-profile tech companies in the world.

Companies That Elon Musk Currently Owns

Tesla, CEO: Musk joined the electric car company in 2004, investing $6.5 million to become its largest shareholder. Tesla is now worth more than $770 billion and also develops solar panels and energy storage systems.SpaceX, CEO, Chairman, CTO: Founded in 2002 with $100 million of his own money, SpaceX builds rockets and offers satellite internet through its Starlink network. The company is valued at around $150 billion.X (formerly Twitter), Chairman, CTO: Musk bought the social media platform in 2022 for $44 billion. He later rebranded it as X and stepped down as CEO in 2023. The platform is now worth about $15 billion.xAI, Founder: Launched in 2023, xAI is Musk’s response to OpenAI and aims to build artificial intelligence that aligns with human values.Neuralink, Founder: Started in 2016, Neuralink is developing brain-computer implants to help treat neurological conditions. It’s valued at $5 billion.The Boring Company, Founder: Founded in 2016, the company builds underground tunnels to help reduce surface traffic. It’s valued at around $5.7 billion.Starlink, Part of SpaceX: Starlink offers satellite-based internet access and is part of Musk’s goal to provide global broadband coverage.Musk Foundation, President: This non-profit supports causes such as clean energy, children’s health and education, and safe AI. It had $9.4 billion in assets as of 2021.

Companies Musk Helped Start But No Longer Runs

Zip2: Musk co-founded the online city guide in 1995 but was removed as CEO. It was sold in 1999 for $307 million.PayPal (originally X.com): Founded in 1999, X.com became PayPal after a merger. Musk was pushed out as CEO in 2000. PayPal was sold to eBay in 2002 for $1.5 billion.SolarCity: Founded by Musk’s cousins in 2006, SolarCity sold solar power systems. Musk served as chairman and invested $10 million. It was acquired by Tesla in 2016 for $2.6 billion.OpenAI: Musk co-founded the AI research group in 2015 but left the board in 2018. He has since criticised its direction and launched his own rival, xAI.

ALSO READ: Elon Musk’s American Party To Contest 2028 US Polls? SpaceX Boss Says ‘Next…’

Location :

United States of America (USA)

First Published:

News world Neuralinks, Boring Tunnels And Now A Political Party: A Look at Elon Musk’s Business Galaxy