Elon Musk, (born June 28, 1971 in Pretoria, South Africa), is a South African-born American entrepreneur who cofounded the electronic payment company PayPal and founded SpaceX, a launch vehicle and spaceship manufacturer. He was also one of the first substantial investors in the electric automobile business Tesla and its chief executive officer.
Who Is Elon Musk?
Elon Musk has acquired international renown as the chief executive officer (CEO) of electric vehicle manufacturer Tesla Inc. (TSLA) and the CEO of private space business SpaceX. Musk co-founded PayPal (PYPL), was an early investor in several tech startups, and began negotiations in April 2022 to take Twitter Inc. (TWTR) private.
His accomplishments and personal manner have prompted parallels to Steve Jobs, Howard Hughes, and Henry Ford, among other colourful business magnates from U.S. history. With an estimated net worth of $220 billion as of June 2022, he was crowned the world’s richest individual.
Musk gained this status for the first time in 2021, surpassing Amazon. com Inc.
Musk was born to a Canadian mother and a South African father. He showed early aptitude for computers and business. He produced a video game at the age of 12 and sold it to a computer magazine. Musk departed South Africa in 1988, after obtaining a Canadian passport, because he refused to support apartheid through mandatory military duty and because he desired the higher economic prospects available in the United States.
SpaceX and PayPal
Musk attended Queen’s University in Kingston, Ontario, from which he transferred in 1992 to the University of Pennsylvania in Philadelphia, from which he graduated in 1997 with bachelor’s degrees in physics and economics. He enrolled in physics graduate school at Stanford University in California, but he left after only two days because he believed the Internet had more potential to revolutionise society than physics. In 1995, he launched Zip2, a startup that delivered online newspapers with maps and business directories. In 1999, computer maker Compaq acquired Zip2 for $307 million, and Elon Musk subsequently launched X.com, which later evolved into PayPal, a corporation specialising in online money transfers. The online auction site eBay acquired PayPal for $1.5 billion in 2002.
Musk has long believed that mankind must become a multi planet species in order for life to endure. However, he was unhappy with the high cost of rocket launchers. In 2002, he established Space Exploration Technologies (SpaceX) in order to produce cheaper rockets. Its first two rockets, the Falcon 1 (launched in 2006) and the larger Falcon 9 (launched in 2010), were supposed to be far less expensive than rival rockets. The Falcon Heavy (first launched in 2018) was meant to lift 117,000 pounds (53,000 kilogrammes) into orbit, roughly twice as much as its main competitor, the Boeing Company’s Delta IV Heavy, for one-third the price. SpaceX has revealed the Super Heavy–Starship system as the successor to the Falcon 9 and the Falcon Heavy. The Super Heavy first stage would be able to launch 220,000 kg (100,000 kilogrammes) into low Earth orbit. The payload would consist of the Starship, a spacecraft meant to provide rapid transportation between cities on Earth and to construct bases on the Moon and Mars. Additionally, SpaceX created the Dragon spacecraft, which transports cargo to the International Space Station (ISS). Dragon can carry up to seven people, and in 2020 it carried Doug Hurley and Robert Behnken to the International Space Station. The first Super Heavy–Starship system test flights began in 2020. Musk was not only the CEO of SpaceX, but also the principal designer for the Falcon, Dragon, and Starship rockets.
Musk has long been intrigued by the potential of electric cars, and in 2004 he became one of the primary investors in Tesla Motors (later renamed Tesla), an electric car startup formed by Martin Eberhard and Marc Tarpenning. 2006 marked the debut of Tesla’s first vehicle, the Roadster, which could go 245 miles (394 km) on a single charge. It was a sports automobile that could accelerate from 0 to 60 miles per hour (97 kilometres per hour) in less than four seconds, unlike the majority of previous electric vehicles, which Musk deemed boring and uninspiring. The company’s initial public offering raised around $226 million in 2010. Two years later, Tesla released the Model S vehicle, which automotive journalists praised for its performance and design. The business received more recognition for its Model X premium SUV, which was released in 2015. The Model 3, a less priced automobile, entered into production in 2017 and quickly became the most popular electric vehicle ever.
Musk in 2013 proposed the Hyperloop, a pneumatic tube in which a pod carrying 28 passengers would traverse the 350 miles (560 km) between Los Angeles and San Francisco in 35 minutes at a top speed of nearly the speed of sound. Musk asserted that the Hyperloop would cost under $6 billion and that the system could accommodate the six million people who travel that route annually if pods departed every two minutes on average. He noted, however, that between SpaceX and Tesla, he was unable to commit time to the Hyperloop’s development.
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When did Elon Musk arrive?
Musk’s birthday is June 28, 1971.
How did Elon Musk become famous?
Elon Musk co founded the online payment corporation PayPal and the spaceship manufacturer SpaceX. He was appointed CEO of the electric vehicle manufacturer Tesla.
Where did Elon Musk go to college?
Musk initially attended Queen’s University in Kingston, Ontario, before transferring to the University of Pennsylvania in Philadelphia.
What did Elon Musk accomplish?
Elon Musk created SpaceX, a rocket and spacecraft manufacturing corporation. He became the chief executive officer and a major investor in the electric car manufacturer Tesla.
Musk’s commercial career reflects his idealism and passion for human advancement, as well as his early interests in philosophy, science fiction, and fantasy fiction. He works in areas he deems vital to the future of humanity, including the shift to renewable energy, space exploration, and the Internet. Musk has resisted detractors, disrupted industries, and generated the most money ever from PayPal, Tesla Motors, SolarCity, and SpaceX, all of which have been game-changers despite their unavoidable flaws.