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 look At The Demanding Schedule Of Elon Musk, Who Plans His Day In 5-Minute Slotsviews: 300
by Áine Cain and Taylor Nicole Rogers: Elon Musk is one busy guy… The billionaire CEO of Tesla and SpaceX generally spends a full workweek at each of his two companies, wolfing down lunch in five minutes and skipping phone calls [...]
- Elon Musk’s Boring Company Finishes First Tunnel for 155mph Vegas Loopviews: 416
by Vanessa Bates Ramirez: Last month I attended the Consumer Electronics Show (CES) in Vegas… I had a list of all the tech I wanted to see, talk to someone about, or try for myself, and I spent two days speed-walking between [...]
- Billionaire Musk Releases All Tesla Patents To Help Save The Earthviews: 4168
Elon Musk announced Thursday he had released all of the electric carmaker Tesla’s patents, as part of an effort to fight climate change… In a blog post, the colorful billionaire founder of Tesla promised the company “will not initiate patent [...]
- Elon Musk Just Unveiled Starship, SpaceX's Human-Carrying Rocketviews: 325
by Daniel Oberhaus: After years of speculation and hype, the SpaceX CEO finally explains how Starship will carry humans to the moon and eventually to Mars… Elon Musk was visibly excited as he took the stage on Saturday night at SpaceX’s facility [...]
- Flint Schools Receive Water Stations, Filtration Systems From Billionaire Elon Muskviews: 810
by Kat Gal: Safe drinking water is a basic human need and human right… For residents in Flint, Michigan getting safe, healthy, drinking water has been an impossible struggle for years. This includes children as well. Any parent would hope that when they send [...]