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’s Second Generation Autopilot Could Reduce Crash Rate By 90%, Says CEO Elon Muskviews: 275
by Fred Lambert: Following the release of data from the first year of Tesla’s first generation Autopilot and the revelation that… it reduced the crash rate of its vehicles by about 40%, Tesla CEO Elon Musk revealed that the Autopilot team aims [...]
- SpaceX to Fly Passengers On Private Trip Around the Moon in 2018views: 307
SpaceX will fly two private citizens on a trip around the moon in 2018, the company’s founder Elon Musk announced Monday (Feb. 27). The private spaceflight company will use its Falcon Heavy rocket to send the two paying passengers into space [...]
- Tesla Drops ‘Motors’ From Name In Bid For Clean Energy Supremacyviews: 551
by Joe Romm: Elon Musk is now at sweet spot of 3 big trillion-dollar energy ‘tsunamis’ that team Trump hopes to stop… Tesla Motors, the Silicon Valley start-up that jumpstarted the global electric vehicle (EV) revolution, is no more. Now that [...]
- Tesla Needs Just Three Months To Complete World’s Largest Grid Storage Facilityviews: 351
by Steve Hanley: Tesla has just completed the world’s largest battery grid storage facility and did it all in about three months from start to finish… The installation consists of 396 Tesla Powerpack units, each with 16,000 lithium ion battery cells, [...]
- Tesla Promises ‘Several Thousand’ Jobs As Gigafactory Comes Online Earlyviews: 852
But don’t expect Elon Musk to give credit to President-elect Donald Trump… Tesla Motors vowed on Wednesday that it would hire “several thousand” workers as the company begins battery production at its Gigafactory in Nevada. Even though its palatial, $5 [...]