Elon Musk born on June 28, 1971, is an engineer and industrial designer and technology entrepreneur. He is originated from South Africa, Pretoria. Currently, Elon Musk is a citizen of South Africa, Canada, and the United States. He is a self-made billionaire. He was ranked 21st on “The World’s most powerful people” on the Forbes list of innovative leaders. He is ranks 31st on the Richest people on earth list by Forbes.
“When something is important enough, you do it even if the odds are not in your favor.”-Elon Musk
What astonishes and inspires everyone is that Elon Musk is a Self-made Entrepreneur billionaire. He is working for benefiting and servicing people on and off Earth. The franchises that are owned by Elon Musk are Tesla and SpaceX, he also co-founded PayPal. He is no longer the chairman of Tesla.
Early Life of Elon Musk
He showed interest in computers and software when he was a kid. He created a video game at age 12. He attended the University of Pretoria. When he was 17 he moved to Canada as he didn’t participate in compulsory military service. He also found the economical possibilities in Canada overwhelming than in South Africa. In Canada, he attended Queen’s University in Canada. Two years later he moved to the University of Pennsylvania. Elon Musk completed his Bachelor’s degree in economics from Wharton School and a bachelor’s degree in physics from the College of Arts and Sciences. In 1995 he pursued his Ph.D. in applied physics and material sciences from Stanford.
“If you get up in the morning and think the future is going to be better, it is a bright day. Otherwise, it’s not.”-Elon Musk
Innovations by Elon Musk
- Elon Musk with his brother Kimbal founded Zip2 which is a web software company that was acquired by Compaq for 34- million dollars.
- X.com founded by Elon Musk is an online bank, it merged with Confinity. This is where PayPal was founded and sold to eBay for 1.5 billion dollars.
- Musk founded SpaceX Aerospace manufacturer and space travel agency. It launched the Falcon spacecraft for the StarLink recently. He is the CEO of SpaceX.
- In 2004 Elon Musk joined Tesla Motors. Tesla is an electric car manufacturer. He became the CEO of Tesla in 2006.
- Elon Musk helped create the SolarCity. A solar energy service company. Now it is integrated with Tesla.
- The Boring Company, OpenAI, and Neuralink are also founded by Musk.
It is astonishing and no doubt that he is a billionaire who has founded so many revolutionizing industries. Let’s see more about his successful and primary innovations SpaceX, Tesla, and PayPal.
“Persistence is very important. You should not give up unless you are forced to give up.”-Elon Musk
Elon Musk wanted the public to have an interest in space exploration. So he thought of achieving this by setting up a greenhouse on Mars. The greenhouse would consist of Food crops growing on Mars. In October 2001 Musk traveled to Moscow to buy Dnepr intercontinental ballistics missiles. Since Musk was new to this he was not successful in establishing a deal. In the return, journey Musk was given a rocket for 8 million dollars. He felt that building a rocket is less than buying one. The raw materials cost just 3 percent of the cost the rocket was sold for. SpaceX was founded by this intuition. Musk invested 100 Million dollars into SpaceX and found SpaceX.
PayPal was founded by investing the money from the sale of Zip2. Previously X.com was a financial service and email payment company. X.com merged with Confinity which had a payment app called PayPal. Then a year later Confinity was named as PayPal. However, Musk’s journey in PayPal was not for along. He was removed as a CEO due to some disagreements with other company executives. LAter eBay bought PayPal for billion dollars.
Tesla is an electric car manufacturing company. Musk led the Series A from February 2004. He joined as Tesla’s board of directors as its chairman. Elon Musk took primary decisions for the company and made the Roadster version a success. Musk inspected in detail and effectiveness of the Roadster model. In 2008 Musk became the CEO of the company. Musk was keen on re-investing the money made by Tesla cars. Tesla Roadster electric sports cars were built in 2008. Then in 2012 Model S Sedan was introduced. In the year 2015, they introduced Model X More affordable electric car was unveiled on the 2016 Model 3. This showed that Tesla was keen on reducing the price of the car making the cars affordable to all. Musk also made the technology patents to be used by anyone. This sped up the car manufacturers to make affordable electric cars.
“It’s OK to have your eggs in one basket as long as you control what happens to that basket.”-Elon Musk
Thanks for reading the article and if this inspired you and want to follow the steps of Elon Musk if be consistent and follow your dream no matter the situation. Success is not given it is earned by the hard way.
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