Who is Elon Musk? A Short Overview of Elon Musk the Entrepreneur
Elon Musk, in recent years, has become a household name. This 47-year-old South African tech billionaire and entrepreneur is the brain behind Tesla Inc, SpaceX (which launched a landmark commercial spacecraft in the year 2012).
We have for you details of all that you ever wanted to know about Musk.
Elon Musk – Career Roundup
Musk is the CEO and founder of SpaceX, CEO, product architect, and co-founder of Tesla Motors. He also co-founded SolarCity, of which he is the chairman. Musk is also co-chairman of Opan AI, founder of X.com and co-founder of Zip2, which later went on to merge with PayPal.
Who is Elon Musk? – Early Life
Musk was born on June 28, 1971, in Pretoria, South Africa. While his father Errol Musk was an electromechanical engineer, pilot, and sailor, his mother Maye Musk was a model and dietitian. When his parents divorced in 1980, Musk went on to live with his father.
At a tender age of 12, Elon Musk learned computer programming on his own and even sold the code of a video game for $500 (£300) to a PC magazine.
Even though Musk was a brilliant and gifted child, he was severely bullied, who moved to Canada to study at the age of 17.
College and Business
Musk left South Africa and moved to the United States in the year 1988 since he did not support apartheid and was also against compulsory military service.
He later acquired two degrees in physics and in business from the University of Pennsylvania. At the time, Musk, along with a friend and fellow Penn student Adeo Ressi rented a ten-bedroom home and used it as an unofficial nightclub. Musk then moved to California at the age of 24 to pursue a Ph.D. in applied physics and material science at Stanford University. However, he left the program barely two days after joining. He, by that time, understood the tremendous potential of the Internet in changing society and decided to pursue other projects.
Establishing PayPal and SpaceX
Soon after he left the Stanford University, Musk founded Zip2, a firm providing business directories and maps to online newspapers.
Zip2 was bought by Compaq, a computer manufacturer for $307 million in the year 1999, which helped Musk find X.com, an online financial service company. X.com later went on to become PayPal, which specializes in transferring money online. eBay bought Paypal in 2002 for a whopping amount of $1.5 billion.
Elon Musk has always been of the opinion that human beings must become a multiplanet species in order for life to survive. As he was not happy with the huge expense of rocket launchers, he founded Space Exploration Technologies (SpaceX) in 2002 in an effort to make affordable rockets.
Apart from being CEO of SpaceX, the successful entrepreneur was also a chief designer in building Dragon, and Grasshopper, both of which are Falcon rockets. SpaceX’s Grasshopper rocket has been making many short flights since the year 2012 to test the technology.
Since Musk was always fascinated by the possibilities of electric cars, he went on to become a major funder of Tesla Motors, which was later renamed, Tesla. This electric car company was founded by businessmen Marc Tarpenning and Martin Eberhard.
Tesla, in the year 2006, introduced its first electric car Roadster, which drove at the highest speed of 245 miles (394 km) on a single charge. This was a sports car that had the ability in less than four seconds to go from 0 to 60 miles (97 km) per hour. The company’s initial public offering, in the year 2010, raised nearly $226 million. Tesla, after two years, introduced the Model S sedan, which won huge acclaim from automotive critics for its design and performance. Its Model X luxury SUV, launched in the year 2015 too won praises from critics. Model 3, which was a little less expensive than the others, entered the market in 2017.
Elon Musk and his Legal Woes
When Musk expressed his reservations about the public trading of Tesla in August 2018, he got into some serious legal problems. Elon Musk made a series of tweets on taking the firm public while stating that he had “secured funding.”
The U.S. Securities and Exchange Commission (SEC) sued Musk the following month for securities fraud, and alleged that the tweets were “false and misleading.” Soon, Musk had to step down as chairman for three years, even though he could continue as company CEO.
Elon Musk - Ambition
Elon Musk aims to reduce global warming and save the human race from extinction by setting up our own space on Mars.
The billionaire entrepreneur also dreams of developing the largest lithium-ion battery in the world to store renewable energy.