California is home to some of the most expensive tech companies in the world including Facebook, Apple, Google, Netflix, VMWare, and SpaceX. This list counts down the 10 most expensive tech companies in California.
Introduction Of Tech Companies
The tech industry is growing exponentially. Technology has become a crucial part of the economy and many California companies have taken advantage.
Apple, Inc. is one of the most valuable companies in California, with a market capitalization of $859.4 billion and total assets of about $872 billion as of September 2018. Apple is one-half of the world’s most valuable company and was founded in 1976 by Steve Jobs and Steve Wozniak. Apple is based in Cupertino, California. Apple has been leading the digital era ever since it was created, with its iTunes Store becoming an integral part of people’s lives and holding more than 12% market share worldwide as of September 2018.
The tech industry in California is worth a whopping $56.2 billion dollars. Google, Inc., a company that offers many services such as Search, Gmail, Maps, and Earth, is the largest company in the state and makes up for more than 15 percent of California’s economic output. The top 10 companies are also responsible for 16 million jobs in the state and contribute to almost half of its GDP.
Facebook is the most expensive tech company in California, with a valuation of $51 billion. Facebook recently became public and its IPO was a success.
Tesla is a company that specializes in electric cars. Tesla was founded by Elon Musk. Tesla’s CEO and Product Architect, JB Straubel, claims the company will be able to produce 500,000 affordable electric cars per year. On December 1, 2021, tesla relocated its corporate headquarters to Gigafactory Texas, Austin.
VMWare provides virtualization. It enables customers to create and run multiple operating systems on a single computer or server, with each operating system appearing as if it were its own physical machine.
SpaceX is a company that designs and manufactures rockets, spacecraft, and related technologies. SpaceX was founded in 2002. SpaceX is a private space exploration company. SpaceX’s current CEO and chief designer is Elon Musk.
Netflix, Inc. is one of the most expensive tech companies in California. Netflix was founded in 1970 when Reed Hastings and Marc Randolph decided to open a movie rental company in Scotts Valley, California. It was formed by Marc Randolph and Reed Hastings. Netflix has many different products that are available throughout its global expansion.
Pandora Media, Inc.
Pandora Media, Inc. was founded in 2000, but they made their first big splashes when they launched Pandora Radio in 2006. With a goal of providing an alternative to corporate radio stations, the company has received a massive amount of success thanks to its unique advertising model and innovative features. From offering personalized music recommendations to allowing listeners to share new songs, Pandora has done much more than just offering you a new way to listen to music.
Dropbox, Inc. is a cloud storage company that provides file hosting and file synchronization services. The company was founded in 2007 by Arash Ferdowsi and Drew Houston and is headquartered in San Francisco, California.
On April 9, 2010, Facebook purchases Instagram for $1 Billion. It was founded by Kevin Systrom and Mike Krieger to create a fast and easy way to share photos and videos with anyone in the world. Instagram’s primary income is from advertisements. They have acquired the third-party data provider Zxing which enables it to offer geotags on its mobile app.