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8 Industries Being Disrupted by Elon Musk and His Companies

Elon Musk is one of the richest men in the world. While he is mostly classified as a billionaire, you have to understand that he is so much more.

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Photo by Austin Ramsey on Unsplash

Elon Musk is one of the richest men in the world. While he is mostly classified as a billionaire, you have to understand that he is so much more. Elon Musk is an inventor and a visionary, and a man who believes completely in his own abilities. Hailing from the Musk family from South Africa, Elon moved to the United States at a relatively young age.

He went on to find Zip2 and PayPal, both of which propelled him into the world of millionaires when they were sold. However, success to Musk comes easy, and he didn’t just stop there. Musk wanted to create an impact, and he founded SpaceX and Tesla, two of the world’s leading businesses in their respective industries.

In fact, in 2008, Musk even put up his own money in both of these businesses to keep them afloat. And today, the results are there for all to see. Both SpaceX and Tesla are industry leaders and are doing things that are not just furthering the boundaries of what machines are capable of, but also exploring new frontiers (quite literally) of technology.

However, unlike most billionaires who only leave their impact on one or two industries, Musk and his companies have disrupted several. In the following paragraphs, we shall talk about 8 companies that have been disrupted by Musk and his companies.

  • Automotive Industry

This one’s fairly obvious, isn’t it? Before Tesla, no one was willing to make a bet on electric cars. Today, the company is unable to meet the shortfall in demand and supply despite having opened multiple new factories. Musk set about with a vision to create a car that was going to run purely on electricity, and be the best in its industry.

Tesla has consistently topped Consumer Ratings, and is one of the safest vehicles in the world. It also produces zero carbon emissions.

  • Aerospace

And now, we have SpaceX. The company was one of the first recipients of a private contract with NASA to send supplies, and astronauts, to the moon with their Falcon Heavy rockets. They are also trying to build a colony of Mars, with a heavily publicized event in 2018 when Musk sent his Tesla Roadster up in the sky, with a “Starman” in the front seat. That Tesla Roadster is well on its way to the Red Plant right now.

  • Telecommunications

Musk is also actively working to promote the telecom industry, and is coming up with unique and new solutions to change the way people go online. Elon Musk owns Starlink, which aims to create a network of satellites that will allow network availability in rural areas and places where internet is hard to come by. If you thought that being connected in the Sahara Desert was a dream, it looks like a plausible reality now thanks to Starlink.

  • Energy

Musk owns Tesla and SolarCity, both of which are vying for a share of the renewable industry. Musk is a firm believer in renewable energy, and SolarCity has already made some wonderful enhancements by introducing solar panels that are more efficient and easier to use.

  • Transportation

Elon Musk is also building the HyperLoop, an underground tunnel that is going to carry people at blazing fast speeds from one place to another. The HyperLoop is widely expected to be the industry standard in transportation once it is proven, and construction is well underway as it is.

  • Infrastructure

The tunnel for the Hyperloop is being built by the Boring Company, a tunneling company created by Elon Musk. The Boring Company uses cost-effective measures to reduce costs in an industry where billions are spent for simple mile-long tunnels.

  • Artificial Intelligence

Elon Musk is a major player in the AI space, and Neuralink, his venture, has already made some startling experiments and shown just what can be achieved with the power of AI. Neuralink aims to build a neurological implant that can directly sync with artificial intelligence, thus allowing for the full use of prosthetic limbs, bionic arms, and a lot more.

  • Healthcare

While Neuralink is playing a key role in AI, it is also a leading player in the healthcare industry, with Musk looking to create futuristic prosthetics that can be controlled by the human mind. These are the 8 major industries that are likely going to be disrupted (many already are) in the years to come!

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