Los Angeles, California
Entrepreneur, Engineer, Investor
“When something is important enough, you do it even if the odds are not in your favor.”
Total Views: 12041
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
- Neil deGrasse Tyson: Elon Musk Will “Transform Civilization As We Know It”views: 530
by Matt Pressman: Elon Musk remains a frequent target in the media. Clickbait journalists clack away at their keyboards and smear the Tesla and SpaceX CEO on a regular basis… Sometimes an outside perspective is needed — especially from someone who really knows science and space. To that end, CNBC recently [...]
- Read All About It! Musk’s Philanthropy Deserves Headlinesviews: 617
by Carolyn Fortuna: The remarkably brief and austere website for the Musk Foundation targets 4 areas for grant support… renewable energy research and advocacy, human space exploration research and advocacy, pediatric research, and science and engineering education. Elon Musk, Tesla’s CEO, is the sole [...]
- Cuomo Calls Musk: Can Tesla Put NYC Subway System Back On Track?views: 543
by Steve Hanley: The New York City subway system used to be one of the best in the world, but that was 100 years ago… Things have changed considerably in the past century. Today, the system is a giant money pit that [...]
- Elon Musk’s Boring Company To Build 150 MPH Chicago Loop To O’Hareviews: 851
by Vanessa Bates Ramirez: What’s the best way to get to and from the airport? The subway is cheap, but it means hauling your luggage around and sitting there through all the stops that aren’t yours. Cabs and ride services get you [...]
- Elon Musk Presents His Tunnel Vision To The People Of LAviews: 1112
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 [...]