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From automobile to Aerospace, here are 5 sectors being disrupted by Elon Musk

New Delhi: SpaceX and Tesla’s chief Elon Musk is clearly one of the smartest people alive on Earth. He has made his fortune by developing technologies that have disrupted several industries. For instance, he disrupted the banking sector with PayPal, a fintech startup that made cross border payments really simple and easy. While he sold PayPal to Compaq for $307 million in 1999, the entrepreneur never looked back and kept working on technologies that are changing the world right in front of us.

The billionaire will be celebrating his 50th birthday on June 28 (Monday). On this special occasion, here’s a look at 5 industries that are being disrupted by Elon Musk:

Zee Media Bureau|

Updated:Jun 28, 2021, 10:25 AM IST

1/5

Automobile

Elon Musk owned Tesla is clearly the front-runner in the transmission of automobiles from fuel to electricity. The luxurious cars launched by the brand are a hit in the US, and few other countries. FYI, Tesla is already the most valuable carmaker in the world according to market capitalisation.

2/5

Aerospace

Elon Musk-owned SpaceX is very ambitious of taking humans to Mars to probably colonise on the red planet. However, while humans walking on Mars appears a distant reality, there’s no doubt that SpaceX has successfully introduced privatisation in the aerospace sector.

3/5

Telecommunications

Besides democratising the aerospace sector, Elon Musk’s Tesla is creating a satellite internet constellation named Starlink to offer telecommunication services in the remotest parts of the world. If successful, Starlink will be able to provide high-speed internet to every nook and cranny of the world.

4/5

Transportation

Musk is known for turning ideas into reality. This might be the case with Hyperloop as well. For those uninitiated, Hyperloop is a futuristic transportation method that can help us travel at speed unimagined.

5/5

Infrastructure

Musk-owned The Boring Company is on a mission to make the expensive tunnelling industry a lot affordable by using new-age technologies.