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
- A Pod Races Through The Hyper Loop For The First Time Everviews: 185
by Alex Davies: The Future sounds a bit like a witch crying over a dead cat… That spooky wail is the sound hyperloop makes—at least, the version of the high-speed transportation system designed by Hyperloop One, which just took a big stride toward [...]
- Elon Musk's Big Battery Brings Reality Crashing Into A Post-Truth Worldviews: 340
by Tim Hollo: For months, politicians and fossil fuel industry have lied about the viability of renewables. Now Tesla’s big battery in South Australia will prove them wrong… Elon Musk’s agreement to build the world’s largest battery for South Australia isn’t just an extraordinary [...]
- Tesla’s Model 3, Its Mass-Market Car, Expected To Roll Off Factory Floor Fridayviews: 282
by Hamza Shaban: Tesla’s Model 3 sedan passed all regulatory requirements for production two weeks ahead of schedule, according to CEO Elon Musk… Drivers will be able to get behind the wheel of Tesla’s new Model 3 at the end of the month, [...]
- Will Tesla’s Tiles Finally Give Solar Shingles Their Day in the Sun?views: 1466
by Jeremy Hsu: Elon Musk bets homeowners will pay a premium for resilient panels that look like an ordinary roof… Elon Musk has built a formidable personal brand on futuristic visions of driverless cars and space travel. But the Silicon Valley entrepreneur [...]
- Elon Musk Steps Down From Trump Advisory Councils Over Paris Climate Decisionviews: 452
by Sean O’Kane: Tesla and SpaceX CEO Elon Musk is stepping away from his roles on two of Donald Trump’s advisory councils… following the president’s decision to pull the United States out of the Paris climate agreement. Musk announced the [...]