Market Overview

What Elon Musk, Jeff Bezos, Cornelius Vanderbilt And Others Have In Common

Share:
What Elon Musk, Jeff Bezos, Cornelius Vanderbilt And Others Have In Common
Related TSLA
Benzinga's Bulls & Bears Of The Week: Amazon, Caterpillar, Costco, Netflix, More
Gordon Johnson: With 90-95% Conviction Rate, The DoJ's Tesla Investigation Is 'Concerning For All Those Long The Stock'
SHAREHOLDER ALERT: TSLA PDD AMPE LCI CBS ORCL SBGI SKX PM QRTEA: The Law Offices of Vincent ... (GuruFocus)

The odds of running a $1 billion business are slim to none.

Unless you’re Elon Musk. Then you run a few.

The CEO of Tesla Inc (NASDAQ: TSLA), SpaceX and the Boring Co. is now known to head two firms that are both valued north of $25 billion.

With Tesla’s $46-billion market cap and SpaceX’s estimated worth of about $28 billion, Musk is working to cement his fortune and legacy as this century’s Cornelius Vanderbilt.

A Solid Investment

Interestingly, Vanderbilt also made his money in diverse transportation ventures. The shipping and railroad tycoon, together with railroad magnate Andrew Carnegie, proved the industry to be historically lucrative.

The market continues to testify to transportation’s profitability.

SPDR S Tr/S&P TRANSN ETF (NYSE: XTN) trades up 150.5 percent from its 2011 debut price, and iShares Dow Jones Transport. Avg. (ETF) (BATS: IYT) is up 141 percent from its 2003 offering.

A Common Interest

Musk’s contemporaries have transportation assets of their own.

Jeff Bezos, CEO of Amazon.com, Inc. (NASDAQ: AMZN) and owner of The Washington Post, founded Blue Origin for commercial space travel and is an Uber investor. 

Berkshire Hathaway Inc. Class A (NYSE: BRK-A) (NYSE: BRK-B) CEO Warren Buffett counts BNSF Railway, Berkshire Hathaway Automotive and Precision Castparts, an aerospace parts producer, in his portfolio.

Richard Branson, who formerly owned Virgin Atlantic and Virgin Mobile, founded space travel company Virgin Galactic and rail company Virgin Trains. He also invested in Hyperloop One.

Microsoft Corporation (NASDAQ: MSFT) cofounder Paul Allen launched Stratolaunch and funds SpaceShipOne for commercial space travel.

Related Links:

Master Of All Trades: Every Industry Jeff Bezos Has A Hand In

6 Things Elon Musk Is Working On Other Than Tesla

Photo by Maurizio Pesce via Wikimedia. 

Posted-In: Blue Origin Elon MuskLong Ideas Education Movers & Shakers Success Stories Trading Ideas General Best of Benzinga

 

Related Articles (AMZN + BRK-A)

View Comments and Join the Discussion!

Perspective: Institutional Investor Looks At David Einhorn And The Decline Of Value Investing

Benzinga's Weekly Movers For The Week Of May 25, 2018