Elon Musk, one of the world’s richest people and outspoken entrepreneurs, had a big Monday. Musk’s companies, Tesla and SpaceX, pulled off major feats to continue to establish themselves as leaders in their respective field.
Musk is known for starting PayPal, SpaceX, The Boring Company, Solar City, and Tesla, all of which are progressive companies leading paving a new generation of renewable energy and cleantech entrepreneurship.
Elon Musk’s SpaceX Docks With International Space Station
SpaceX has been the leading company in privately owned space technology. SpaceX has solidified highly lucrative NASA contracts, and has since delivered supplies to the International Space Station 22 times.
The SpaceX Crew Dragon spacecraft that launched from Florida’s Kennedy Space Center with four astronauts on board Sunday night safely docked with the the International Space Station around 11 p.m. ET Monday.
The Crew-1 astronauts are expected to spend about six months on board the ISS, where they’ll work on a variety of science experiments and conduct space walks to continue updates and repairs on the space station’s exterior.
Docking confirmed – Crew Dragon has arrived at the @space_station!
— SpaceX (@SpaceX) November 17, 2020
Elon Musk’s Tesla Joins S&P500
Tesla has had a big 2020, with their stock quadrupling since the beginning of the year. While Musk has had his fair share of controversy, his electric vehicle company has proven over the past four quarters that it is a profitable company, allowing it to be eligible to join the S&P500.
Upon entry, Tesla is already one of the S&P 500’s 10 most valuable companies based on Monday’s closing prices.
Since the stock market closed on Monday, Tesla’s shares are up over $50 according to after hours market watch websites and news sources.
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Dylan Welch is the CEO and Host of Going Green, a podcast, website, and social media brand that highlights renewable energy, cleantech, and sustainable news.