Elon Musk is a serial entrepreneur, businessman, and CEO. At the time of his creation, in 2021, he was focused on two technologies that have yet to reach mainstream acceptance: Solar Wind Energy and Hyperopian Energy.
As a pioneer in both technologies, he is currently one of only six individuals who hold the distinction of having multiple patents for these technologies. He is the founder, executive, and partner at SpaceX; developer and chief engineer of Tesla, Inc.; product architect and chief designer of The Boeing Company; founder and chief executive of The Neuralink; and co-founder of OpenAI.
Before beginning his ventures, Musk had worked as a trader and investment banker. Since leaving PayPal, he has had notable roles at both PayPal and Tesla. As an entrepreneur, Musk aims to leverage technology to advance the human condition. While the vision is clear, he must also realize that it is easier said than done.
In this respect, Musk’s other two major innovations, Solar Wind Energy and Boring Company Net Worth are both examples of taking it to the next level and face competition from entrenched energy companies that have more research money than they do venture capital.
In both cases, the upstart was not able to tap the private market to fund their start-ups, despite attractive profit margins and a strong product or service, with the exception of Solar Wind Energy. Boring Company, on the other hand, had more success due to government support, but still has a long way to go to realize its goal of putting profits back in the US economy.
Musk’s two most important inventions, both of which he got through his work with NASA, have an interesting side story. Both of them are working on methods to send people to the moon, and to Mars. Musk isn’t just thinking about sending people to space, though.
He wants to use the technology he built at NASA to build a cheaper, more reliable, and more efficient version of an air-conditioning unit to power a colony on the moon. Although the initial costs for this would be enormous, the savings in fuel and other resources that could be reaped by settlers making the trip would make it financially viable, as well as a moral imperative.
The other two areas in which Musk seems to be blazing new territory are in the area of solar panels and net worth. It would be fair to say that either of these inventions is deeply related to the other, although neither came directly from his time working at NASA.
However, it seems likely that solar panels will gain a foothold in the public market sooner rather than later, although net worth is unlikely to catch up before the other trend sets in. Net worth is tied to how well a company is doing financially. Urban Matter notes a couple of surefire suggestions that will turn your own ideas into full-blown discoveries and inventions.
In Musk’s case, it appears that he is willing to give away his shares of stock in rocket company PayPal to fund the research and development of solar panels. This move, together with the prospect of getting into mass production of the technology, could really help propel solar panels to a whole new level in popularity.
Perhaps the most important innovation to come from Musk so far is his plan to send people to the moon and Mars. Though he hasn’t said so explicitly, it appears that he has included this goal in his lifetime achievements because he wants to see it succeed.
The other two trends he has started, especially with regards to spacecraft development, are helping to ensure that these two dreams become realities. Both will be incredibly expensive to produce, but the investment by way of private funding and government support could help to make both of these inventions happen much faster.
Perhaps the most far-fetched of all Musk’s innovations is his idea for a Hyperloop. The Hyperloop, according to Musk, will connect different parts of California by using high-speed trains. Though not particularly unique in comparison to the bullet train system which has long been imagined, the creation of the Hyperloop promises to bring something entirely new to the way we travel in the future.
Though it’s unclear exactly what Musk envisions the system for being, the basic design has already been drawn up by Hyperloop creator Andreoli’s and it will surely become a hot favorite among enthusiasts.
But while many may be looking forward to the potential uses of the Hyperloop, one element of their innovation that many people seem to forget is that it’s a transportation method that could also be used for other problems.
Perhaps the most well-known of these is the idea of space mining. That’s right, instead of digging huge holes in the ground to extract resources, we could make use of these huge tunnels for a more efficient means. A Hyperloop, with its large diameter and unique construction, would be perfect for this purpose.
And finally, we can’t forget to mention the most important element of all that is undoubtedly the design for a Hyperloop which makes use of magnets to create large amounts of fast-moving electricity, as well as an innovative power source.
However, if you’ll recall from reading through the original white paper on the Hyperloop, it intends to make low Gravity traveling a reality with the use of a special magnetic force field that generates resistance. This forces a charge to be forced through the tunnels which then causes the electric current that we use every day.
The net worth of these new inventions will likely be much higher than the actual net worth of each of them individually, so it’s safe to say that we are indeed going to see some major innovation in the transportation sector within the next decade.
So when you decide to look into it, you should definitely look into the possibility of seeing these Hyperloops in action and experiencing them for yourself.