The Remarkable Journey of Elon Musk — from PayPal to SpaceX
An inventor, innovator, and technopreneur, Elon Musk has become the talk of the town in the last few years. He is the co-founder and CEO of Tesla Motors and SpaceX. From his early days of struggle to leading his current ventures, Elon has remarkably pushed the boundaries of innovation and become an inspiration for others to follow.
Today, Elon stands at the forefront of creating a revolution in electric vehicles, renewable energy, AI, and the space exploration realm. Further, he is well known for his relentless work ethic and unconventional approach to success.
Education of Elon Musk
Elon graduated from a secondary school in Pretoria. Later, he got a scholarship from the University of Pennsylvania. Here, he earned his Bachelor of Science degree in physical education. Elon Musk’s qualifications also include a Bachelor of Science degree in Economics from the Wharton School of the University of Pennsylvania for one more year.
Elon Musk Family Life
Born in 1971 in Retoria, Elon Musk is the eldest of three siblings. His father, Errol Musk, is a renowned engineer, and his mother, Maye Musk, is a nutritionist. His brother, Kimbal Musk is a venture capitalist, and his sister, Tosca Musk is a famous director and producer. When Elon was just 10 years old, his parents split. Elon had quite a tough childhood and troubled relationships with his family.
The Net Worth of Elon Musk
Bloomberg recently ranked him as the world’s richest person, estimating his net worth to be around $228 billion.
List of Elon Musk Companies
Elon Musk has established multiple businesses and empowered them to grow. Here is a quick overview of his entrepreneurial journey:
Zip2
In 1995, Elon Musk and his brother Kimbal Musk established this company. It was later acquired by AltaVista for $340 million.
X.com
Elon started this company with Harris Fricker, Ed Ho, and Christopher Payne. Later, it was merged with Confinity, Inc.
PayPal
PayPal is a popular payment platform. It started with the combination of X.com and Confinity Inc. Elon was later fired as CEO of the company, and eBay bought PayPal for $1.5 billion.
Tesla Motors
Established in 2003, Tesla aims to revolutionise the automobile industry, keeping renewable energy in focus. Elon became part of the company as the largest shareholder in 2004. He made significant contributions to growing the company and finally became its CEO in 2008. Today, the company has successfully expanded to 438 stores and 30,000 charging centres.
SpaceX
SpaceX came into existence to design rockets for NASA and the US Air Force. In 2006, the company launched its first rocket, named Falcon 1, to design and send small aircraft into the Earth’s orbit. Today, the company holds a total net worth of $100 billion and has become the second largest rivalry-owned company in the world.
Frequently Asked Questions
01. How did Elon Musk start his business?
Elon founded his first company, Zip2, in 1995. In 1999, after Zip2 was bought, he launched his online financial company, X.com, which was later converted into PayPal.
02. Who is Elon Musk’s father?
Errol Musk is the father of Elon Musk; he is an electromechanical engineer, consultant, pilot, and sailor.
03. What did Elon Musk say about AI?
Sharing his views on AI, Elon said that AI will eliminate all jobs, but this is not bad.
04. Why did Elon Musk name his company Tesla?
The name of Tesla Motors was a tribute to the inventor and engineer, Nikola Tesla.
05. How many citizenship does Elon Musk hold?
Elon Musk’s citizenship includes South Africa, the United States, and Canada.
06. What is the qualification of Elon Musk?
He earned a dual degree, including a Bachelor of Arts in physics and a Bachelor of Science degree in economics, from the Wharton School.
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