Recently, Musk has expressed his desire to take over Twitter to provide an online platform that promotes open and free speech on the service. He finds it essential to have a place for communicating various viewpoints.
This billionaire chose Twitter because cultural trendsetters and celebrities frequent it. Even government presidents love Twitter! Before Donald Trump was kicked out for rhetoric that broke its rules and stoked the siege of the United States capitol, the Twitter space has seen it all first.
On April 25th, Twitter became Musk’s latest acquisition after striking a deal to buy the influential social network for around $44 billion.
Elon is extremely for free speech, and he has actually gone on record to say that he would reverse the outlawing of the 45th president of the United States. This 51-year-old tech mogul is too into freedom, perhaps because he has too much of it. He has more financial freedom than any of us — that’s for sure.
Although South African entrepreneur Elon Musk already has his hands full with Tesla, SpaceX, Neuralink, The Boring Company, and Twitter, he could still afford to buy and acquire new businesses. Here are some of them:
1. Cola-Cola
Musk had gone checking items of Coca-Cola on supermarket shelves. And he decided he wanted to buy it, not the drink, but this long-established soft drink company, one of the most prominent companies all over the globe.
The billionaire had a crazy reason to buy the company, and that was to bring back the cocaine in the drink, which was long removed from the ingredients. During the early days of the famous soft drinks, it actually contains cocaine in small amounts. But as time passed by, it was reduced until totally eradicated.
Musk has gone and exactly said, “Next time, I’m buying Coca-Cola to put the cocaine back in.” Although the Tesla tycoon was just joking when he said this, truly buying Coca-Cola isn’t far-fetched from reality.
Statista has estimated the value of Coca-Cola to be at $87.6 billion in 2021. Considering Elon’s net worth of $255.9 billion, the math does seem to be in his favor. He could acquire the company and still have more than a hundred billion left.
2. Rocket Lab USA
After dealing with Twitter, Elon has proved yet again that influence and power come with a great amount of wealth. He has ascertained that he was America’s prince of acquisitions and mergers.
Rocket Lab USA is often compared and was said to be the nearest thing to SpaceX on the public market. So, it’s possible that Elon might want to merge with the company in the future. Or he could even take over the entire company without hurting his pocket.
The company is an aerospace company like SpaceX. It develops rocket launch and control systems for the space and security industries. Moreover, it manufactures and launches rockets and advanced spacecraft. Taking into account how the business is run, it won’t be a surprise that an acquisition or merger will occur somewhere in the coming times.
At the time of writing, the current value of Rocket Lab USA is $2.64 billion. This amount is just a tiny portion of Elon’s money, so perhaps you could already see why a buyout is really plausible.
3. Rivian Automotive Inc.
Tesla remains the leader in the global electric vehicle market. According to Business Insights, the electric automotive industry is projected to grow 24.3% annually, so from $287.4 billion in 2021, it could skyrocket to $1.3 trillion by 2028.
It’s no longer a surprise that more and more startups are entering the electric vehicle market with such great opportunities projected ahead.
Famous American analyst John Murphy suggested that Tesla’s
EV market share will decline from 70% to 20% in the next three years, which may be bothering Elon Musk with a headache already.
In November 2021, Rivian Automotive went public and produced its first R1T electric pickup by December, backed by an excellent business model and direct-to-consumer sales.
Since the Bank of America has given Rivian a “buy” rating, Elon Musk might have liked to get a piece of the company for his own benefit.
Concerns about the company’s future and scalability have affected investors’ enthusiasm. But if things don’t go south, Rivian Automotive, currently valued at $40 billion, could be Elon’s next acquisition target.
4. Synchron
Synchron is a rival of Elon’s Neuralink. Right from the beginning of its human clinical trial in the United States called “the command study,” Synchron has been doing pretty well on its own.
We all know how crazy Elon can get, so such outlandish ventures are enough to get the billionaire all hyped up. Neurolink is currently trailing Synchron, with the plans of commencing their own human trials by the last quarter of 2022. However, buying the company can also be an option for Elon since why would he trouble himself too much if he could just buy the company for $99 million?
5. McDonald’s
Tweets on what the business tycoon would buy next with his remaining billions flooded the internet. One fake tweet has said, “Now I am going to buy McDonald’s and fix all the ice cream machines,” criticizing McDonald’s broken ice cream machine.
Elon responded to the fake tweet, saying he cannot do miracles, but he can actually buy McDonald’s today if he only wanted to.
6. Clubhouse
You probably heard of the clubhouse if you’re a social media trend addict. This is a new invite-only social media app that allows users to audio chat with each other regarding topics like crypto trading, sports, and so on.
Basically, you can look for topics that you’re interested in and enter their respective chat rooms. Elon Musk himself and other prominent CEOs are using this application, so it would not be hard to believe if he suddenly took an interest in buying it.
We all know that Elon is so into free speech, which is why he wants to acquire Twitter. He might want to buy the company for the same reasons.
