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
- Billionaire Musk Releases All Tesla Patents To Help Save The Earthviews: 3609
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: 257
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: 690
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 [...]
- The Next Space Race: Bezos vs. Muskviews: 682
by Peter H. Diamandis, MD: We are witnessing the next great space race. But this time, it’s not the US vs. USSR. This race is between Elon Musk and Jeff Bezos… The aerospace industry has always been driven by competition. In 1927, Charles Lindberg competed [...]
- Elon Musk Says Buying A Gasoline Car Is Like Riding A Horse And Using A Flip Phone"views: 546
by Irina Ivanova: Can Tesla be profitable in the long term? That was one question lobbed by a shareholder at the electric car maker’s latest annual meeting famous for the traditional freewheeling question-and-answer session CEO Elon Musk holds with investors. And [...]