Los Angeles, California
Entrepreneur, Engineer, Investor
“When something is important enough, you do it even if the odds are not in your favor.”
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Elon Musk was born in South Africa, in 1971. His father was an engineer and his mother a nutritionist. An avid fan of computers, by the age of twelve Musk had written the code for his own video game, a space game called Blastar, which the preteen sold for a profit.
First Company – Zip2 Corporation:
In 1995, at the age of twenty-four, Elon Musk dropped out of Stanford University after just two days of classes to start his first company called Zip2 Corporation. Zip2 Corporation was an online city guide that provided content for the new online versions of the New York Times and the Chicago Tribune newspapers. Musk struggled to keep his new business afloat, eventually selling majority control of Zip2 to venture capitalists in exchange for a $3.6 million investment.
In 1999, the Compaq Computer Corporation bought Zip2 for $307 million. Out of that amount. Elon Musk’s share was $22 million. Musk had become a millionaire at the age of twenty-eight. That same year Musk started his next company.
In 1999, Elon Musk started X.com with $10 million dollars from the sale of Zip2. X.com was an online bank, and Elon Musk is credited with inventing a method of securely transferring money using a recipient’s e-mail address.
In 2000, X.com bought a company called Confinity, which had started an Internet money-transfer process called PayPal. Elon Musk renamed X.com/Confinity Paypal and dropped the company’s online banking focus to concentrate on becoming a global payment transfer provider.
In 2002, eBay bought Paypal for $1.5 billion and Elon Musk made $165 million in eBay stock from the deal.
Space Exploration Technologies:
In 2002, Elon Musk started SpaceX aka the Space Exploration Technologies. Elon Musk is a long-standing member of the Mars Society, a nonprofit organization that supports the exploration of Mars, and Musk is interested in establishing a greenhouse on Mars. SpaceX has been developing rocket technology to enable Musk’s project.
In 2004, Elon Musk cofounded Tesla Motors, of which he is the sole product architect. Tesla Motors builds electric vehicles. The company has built an electric sports car, the Tesla Roadster, the Model S an economy model four door electric sedan, and plans to build more affordable suncompacts in the future.
In 2006, Elon Musk co-founded SolarCity, a photovoltaics products and services company with his cousin Lyndon Rive.
Articles and Videos
- Tesla Wants To Put Puerto Rico Back On The Gridviews: 156
By Ameila Urry: “The sun is there every day, and it’s going to shine for the next 5 billion years.” It was a transaction concocted on Twitter—and in a few short weeks, declared official: Tesla is helping to bring power back [...]
- Elon Musk Has Finished Building The World's Biggest Battery In Less Than 100 daysviews: 273
by Thuy Ong: As promised to help South Australia with energy problems. Elon Musk looks to have delivered on his promise to build the biggest lithium ion battery in the world in an effort to help South Australia with its [...]
- Elon Musk: The Architect of Tomorrowviews: 417
by Neil Strauss: Inside the inventor’s world-changing plans to inhabit outer space, revolutionize high-speed transportation, reinvent cars… and hopefully find love along the way It’s mid-afternoon on a Friday at SpaceX headquarters in Hawthorne, California, and three of Elon Musk‘s [...]
- Another New Route For Tesla: Its First Electric Semi-Tractor-Trailerviews: 347
After more than a decade of making cars and SUVs — and, more recently, solar panels — Tesla Inc. wants to electrify a new type of vehicle: big trucks…. The company unveiled its new electric semi-tractor-trailer Thursday night near its [...]
- Tesla Is Sending Hundreds Of Powerwall Batteries To Puerto Ricoviews: 397
by Stephen Jordan: Puerto Rico is still dealing with the widespread damage of Hurricane Maria that hit earlier this month… The entire island has lost electrical power, and millions do not have access to basic needs that power would provide. In [...]