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
- Elon Musk Presents His Tunnel Vision To The People Of LAviews: 80
by Jack Stewart: One day, if Elon Musk gets his way, the Leo Baeck Temple in Los Angeles’ tony Bel Air neighborhood will be just a hop, skip and a quick walk from the nearest Loop station… The “Loop,” for the uninitiated, is [...]
- Is This The Spaceship That Will Take Us To Mars?views: 248
Elon Musk recently shared a photo of a tooling that will be used to make carbon-fiber composites for the upper stage, of the SpaceX BFR spaceship… The image, which the CEO shared on Instagram appears to be a mandrel, or mold, [...]
- Elon Musk's Hyperloop Dream May Come True — And Soonviews: 293
by Kate Baggaley: ‘It’s happening far faster than I would have ever expected, and it’s happening all over the world… Elon Musk first described his idea for a futuristic transportation system that would send passenger pods through tubes at speeds of hundreds [...]
- This Is How The Genius Elon Musk Will Give Free WiFi To The Entire Planetviews: 751
The same guy who invented PayPal, created the Tesla Cars, plans to create “SolarCities” and also developed cars that will make money for you when you don’t use them,… has ANOTHER very brilliant idea. Elon Musk plans to launch 4,000 [...]
- Elon Musk Is What Happens When These Three Traits Get Together in One Humanviews: 491
by Peter Diamantis: I did an interview recently where I was asked to deconstruct Elon Musk’s entrepreneurial success…. In this post, I’ll sh Diamantis: I did an interview recently where I was asked to deconstruct Elon Musk’s entrepreneurial success… are what [...]