Elon Musk’s ingenuity and business acumen have yielded a number of successful multi-billion-dollar ventures. With PayPal, Tesla, and SpaceX under his belt, the tech tycoon has set his sights on another ambitious project. As one of the wealthiest individuals globally, Musk boasts a staggering fortune of $185 billion.
His riches can be traced back to his innovative ventures and his proactive and strategic ability to amplify businesses. He played a key role in transforming PayPal and Tesla into multi-billion-dollar entities and amassing SpaceX’s sprawling space exploration empire.
Now, Musk has embarked on another potential multi-billion-dollar initiative, a project that might dwarf his previous ventures in terms of scale. The plan, in essence, is to shape a next-generation “super app.” In 2022, Musk purchased Twitter for $44 billion and proceeded to overhaul the popular social media app, now rebranded as “X.”
Musk has introduced a whirlwind of changes since the acquisition. He has restructured the organization, launched new features, and devised a new business model. This prompts us to wonder, why did Musk procure Twitter and why is he drastically altering it?
The reason is simple, Musk is steering “X” to become a super app that aims to replace popular platforms like Facebook, Instagram, Pinterest, Snapchat, Netflix, and even Amazon. He expressed at an internal X meeting a few months ago, “We’re rapidly transforming the company from what it was, Twitter 1.0, to the everything app.” Musk envisions “X” as a “single application that encompasses everything.”
Information about this ambitious endeavor remains patchy. However, Musk’s vision includes integrating payment features into “X”, allowing users to link their bank accounts directly for transactions, similar to platforms like eBay and Amazon. But, it differs by leveraging the popularity of a social media platform where users already spend significant amounts of their daily time.
If executed successfully, this platform could surpass eBay or Amazon as the world’s premier online shopping destination. However, the possibilities are far-reaching. “X” could also venture into content creation, including short videos and films and potentially pose a threat to giants like Netflix.
Musk’s recently founded AI startup, xAI, is expected to play a crucial role in this venture. With “X” boasting access to a wealth of social data, any integrated AI is likely to perform impressively.
Transforming “X” into a super app might seem like a monumental task, but given Musk’s track record, it’s within the realm of possibility. With the necessary technology, resources, and tools at his disposal, Musk could turn this vision into a super app worth hundreds of billions of dollars.
Musk has a history of shattering expectations, he played a pivotal role in developing the world’s largest digital payments platform when internet money seemed like a figment of imagination. He pioneered the largest space entity while the world was content with NASA. He navigated Tesla to become a top electric vehicle maker amidst a century-long drought in new auto businesses’ success.
In that regard, he could certainly make “X” the next super app. Though direct investment in “X” is not possible since Musk made it private, potential investors could explore a small project trading for less than $1, which could play a significant role in “X’s” transition to a super app. This under-$1 project could potentially be the currency that drives Musk’s new venture.
It’s worth noting that investment always involves risks, even though research suggests it’s a viable possibility. If the plan unfolds as expected, this sub-$1 project’s value could surge dramatically.
Therefore, brave investors might find it rewarding to invest in this explosive penny trade before it takes off.
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