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 Is Sending Hundreds Of Powerwall Batteries To Puerto Ricoviews: 214
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 [...]
- Elon Musk Floats Solar Overhaul Of Puerto Rico Power Grid, Governor Says ‘Let’s Talk’views: 194
by Carla Herreria: Can Tesla save the island’s aging — and now hurricane-wrecked — power grid? With 90 percent of Puerto Rico still without power, Elon Musk has made hurricane-wrecked island an offer its governor couldn’t refuse. The Tesla CEO tweeted Thursday that his company is [...]
- Schwarzenegger-Backed Startup Takes On Tesla With New Battery Techviews: 229
by Amanda Froelich: Tesla may be the best-known electric vehicle (EV) manufacturer, but its grip on the industry isn’t certain… The Elon Musk-founded company has plenty of competition, including the Austrian startup Kreisel Electric GmbH – backed by former California governor Arnold Schwarzeneggar and his nephew. [...]
- A First Look At The Spacesuits Of The Futureviews: 378
by Sarah Gibbens: After years of anticipation, Elon Musk has finally revealed the design that could take humans to a new level of space exploration… In true Elon Musk fashion, the latest SpaceX creation has been revealed with dramatic flair. Posting [...]
- A Pod Races Through The Hyper Loop For The First Time Everviews: 408
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 [...]