Neuralinks, Boring Tunnels And Now A Political Party: A Look at Elon Musk's Business Galaxy
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, 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
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.
First Published:
July 06, 2025, 17:24 IST
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