Success story of Elon Musk
South African entrepreneur Elon Musk is known for founding Tesla Motors and SpaceX, which launched a landmark commercial spacecraft in 2012.
- Who Is Elon Musk
- About His Life and Education
- Companies
- Net-worth
- Personal Life
- Innovation
- Some Quotes
- Social Media Accounts
Who is Elon Musk?
Elon Musk is an American entrepreneur and businessman of South African descent who established X.com in 1999 (which subsequently became PayPal), Space-X in 2002, and Tesla Motors in 2003. When he sold his start-up firm, Zip2, to a division of Compaq Computers in his late twenties, Musk became a multimillionaire.
Musk made
news in May 2012 when he launched SpaceX, the first commercial spaceship to
reach the International Space Station. With the purchase of SolarCity in 2016,
he expanded his portfolio and solidified his position as an industry leader by
serving as an adviser to President Donald Trump in the early days of his
presidency.
Musk
allegedly eclipsed Jeff Bezos as the world's wealthiest man in January 2021.
Early Life
Musk was
born in Pretoria, South Africa, on June 28, 1971. Musk was so engrossed in his
daydreams about inventions as a youngster that his parents and physicians
requested a hearing test.
Musk became
interested in computers around the time of his parents' divorce, when he was
ten years old. He taught himself to programme and sold his first piece of
software when he was 12 years old: Blastar, a game he designed.
Musk was small, shy, and bookish in elementary school. He was bullied until he was 15, when he went through a growth spurt and studied karate and wrestling to protect himself.
Family
Maye Musk,
Musk's mother, is a Canadian model who is the oldest woman to appear in a
Covergirl advertisement. Musk had to work five jobs to support her family when
she was younger.
Errol Musk,
Musk's father, is a rich South African engineer.
Musk spent
his early years in South Africa with his brother Kimbal and sister Tosca. When
he was ten years old, his parents split.
Education
Musk went to
Canada at the age of 17 in 1989 to attend Queen's University and evade military
duty in South Africa. Musk got his Canadian citizenship the same year, partly
because he thought it would be simpler to get American citizenship that way.
Musk left
Canada in 1992 to attend the University of Pennsylvania to study business and
physics. He earned an undergraduate degree in economics before continuing on to
earn a second bachelor's degree in physics.
Musk went to
Stanford University in California to obtain a PhD in energy physics after
leaving Penn. However, his decision coincided well with the Internet explosion,
and he walked out of Stanford after only two days to join it, founding Zip2Corporation in 1995. Musk became a citizen of the United States in 2002.
Companies:-
Ø Zip2 Corporation
Zip2 was an online city guide software provider and licensee for newspapers. The firm was started in 1995 by brothers Elon and Kimbal Musk and Greg Kouri in Palo Alto, California as Global Link Information Network. Before being bought by Compaq Computer in 1999, Global Link offered local companies with an Internet presence, 61 but subsequently began assisting newspapers in developing online city guides.
Ø PayPal
PayPal was founded in 1998 as
Confinity and went public in 2002 through an initial public offering (IPO).
Later that year, it was acquired by eBay as a wholly owned subsidiary valued at
$1.5 billion. PayPal was handed off to eBay's stockholders in 2015, and it once
again became an independent corporation. On the Fortune 500 list of the biggest
US firms by revenue in 2021, the company was placed 134th.
Ø SpaceX
Space
Exploration Technologies Corp. (SpaceX) is a Hawthorne, California-based
aircraft manufacturer, space transportation services provider, and
communications business. Elon Musk established SpaceX in 2002 with the
objective of lowering space transportation costs so that Mars might be
colonised. The Falcon 9 and Falcon Heavy launch vehicles, as well as numerous
rocket engines, Dragon cargo and crew spacecraft, and Starlink communicationssatellites, are all manufactured by SpaceX.
The first privately funded liquid-propellant rocket to reach orbit (Falcon 1 in 2008), the first private company to successfully launch, orbit, and recover a spacecraft (Dragon in 2010), the first private company to send a spacecraft to the International Space Station (Dragon in 2012), and the first vertical take-off and vertical propulsive landing for an orbital rocket ( (SpaceX Crew Dragon Demo-2 in 2020). The Falcon 9 family of rockets has been flown and reflown over a hundred times by SpaceX.
To provide commercial internet access, SpaceX is building the Starlink satellite megaconstellation. The Starlink constellation became the world's biggest satellite constellation in January 2020. Starship, a privately financed, completely reusable, super heavy-lift launch vehicle for interplanetary spaceflight, is also being developed by SpaceX. Once operational, Starship will take over as SpaceX's principal orbital vehicle, replacing the Falcon 9, Falcon Heavy, and Dragon fleets. When it launches in the early 2020s, Starship will be completely reusable and have the largest cargo capacity of any orbital rocket ever.
Ø Starlink Internet Satellites
Starlink
is a SpaceX[2][3] satellite broadband network that provides satellite Internet
connectivity to the majority of the Earth's surface. [4][5] By mid-2021, the
constellation will have grown to over 1600 satellites, with tens of thousands
of mass-produced tiny satellites in low Earth orbit (LEO) communicating with
authorised ground transceivers. While satellite internet service is technically
feasible for the majority of the world's population, it can only be supplied in
nations where SpaceX has been granted a licence to provide service inside a
specific national jurisdiction. The beta service is accessible in 17 countries
as of September 2021.
The
Starlink research, development, manufacturing, and orbit control teams are
based at the SpaceX satellite development facility in Redmond, Washington.
SpaceX projected the cost of the decade-long effort to design, manufacture, and
deploy the constellation to be at least US$10 billion in May 2018.
In
2014, product development began. In February 2018, two prototype test-flight
satellites were launched. In May of this year, 60 operational satellites and
further test satellites were launched. SpaceX plans to launch up to 60
satellites at a time, with the goal of deploying 1,584 of the 260 kg (570 lb)
spacecraft by late 2021 or 2022 to offer near-global coverage.
The
US Federal Communications Commission (FCC) filed applications with the
International Telecommunication Union (ITU) on behalf of SpaceX on October 15,
2019, to secure spectrum for 30,000 more Starlink satellites, in addition to
the 12,000 previously granted by the FCC. By 2021, SpaceX has signed deals with
Google Cloud Platform and Microsoft Azure to supply Starlink with on-ground
computation and networking capabilities.
Concerns
have been expressed by astronomers regarding the constellations' impact on
ground-based astronomy, as well as how the satellites will contribute to an
already congested orbital environment. SpaceX has sought to address these issues by
making various modifications to Starlink satellites that try to reduce their
brightness while in operation. The
satellites include krypton-fueled Hall thrusters that enable them to de-orbit
at the end of their lives. Furthermore, depending on uplinked tracking data,
the satellites are intended to prevent collisions on their own.
Tesla
was created in 2003 by a group of engineers who wanted to show that driving
electric vehicles doesn't have to be a compromise - that they can be better,
faster, and more fun to drive than gasoline cars. Tesla now manufactures not
only all-electric automobiles, but also sustainable energy generating and
storage systems that are infinitely scalable. The quicker the world moves away
from fossil fuels and toward a zero-emission future, Tesla thinks, the better.
And this
is only the start. With the release of its most cheap car yet, Tesla continues
to make its products more accessible and affordable to a wider range of
consumers, driving the adoption of sustainable transportation and clean energy
generation. Electric vehicles, batteries, and renewable energy generation and
storage all exist on their own, but when they are combined, they become even
more powerful - that is the future we desire.
Ø Solar City
SolarCity Corporation,
based in Fremont, California, was a publicly listed business that sold and
installed solar energy production systems, as well as other associated goods
and services, to residential, commercial, and industrial clients. Peter and
Lyndon Rive, cousins of Tesla, Inc. CEO Elon Musk, started the firm on July 4,
2006. Tesla bought SolarCity in 2016 for $2.6 billion and renamed its solar
division Tesla Energy.
SolarCity
relied extensively on door-to-door sales of leased systems, in which customers
paid no upfront fees but agreed to buy the electricity generated by the panels
from the business for the next 20 years. The business model became the most
popular in the United States, propelling SolarCity to the position of largest
residential solar installer. However, by the time of the acquisition in 2016,
SolarCity had amassed over $1.5 billion in debt, prompting consumer advocates
and government regulators to criticise the company.
The
two firms had a tight relationship prior to Tesla's takeover. SolarCity
provided free charging to Tesla Roadster customers at its charging stations,
was one of the first installers of Tesla's Powerwall home energy storage
batteries, and Elon Musk served as the company's chairman.
Ø The Boring Company
Musk founded The Digging Company in January 2017, with the goal of boring and constructing tunnels to alleviate traffic congestion. He started with a practise dig at the SpaceX facility in Los Angeles.
The Las Vegas Convention and Visitors Authority
awarded TBC a $48.7 million contract in May 2019 to develop an underground Loop
system to transport passengers around the Las Vegas Convention Center.
Now Elon Musk is
the Founder of SpaceX, The Boring Company, CEO of Tesla Motors, CEO of
Neuralink, Chairman of SolarCity and Co-chairman of OpenAI. From an Immigrant
to Advisor of the US President. From failure to Success. Now Elon Musk Net
Worth is $20.6 billion.
Nonprofit
Work
Musk's
enduring interests have become the limitless potential of space exploration and
the preservation of humanity's future, and he has established the Musk
Foundation to further these goals. The Musk Foundation is dedicated to space
exploration and the discovery of renewable and clean energy sources.
Musk
committed $1 million to the #TeamTrees initiative in October 2019, with the
goal of planting 20 million trees across the world by 2020. For the occasion,
he even changed his Twitter handle to Treelon.
Personal
Life:-
Ø Wives and Children
Musk has
had two marriages. In the year 2000, he married Justine Wilson, with whom he
had six children. Their first son died of sudden infant death syndrome at the
age of ten weeks in 2002. (SIDS). Musk and Wilson have five more boys together,
including twins Griffin and Xavier (born in 2004) and triplets Kai, Saxon, andDamian (born in 2007). (born in 2006).
Musk met
actress Talulah Riley after a tumultuous divorce with Wilson. In 2010, the pair
tied the knot. They divorced in 2012, but married again in 2013. In 2016, their
marriage came to an end with a divorce.
Ø Girlfriends
Musk
is said to have started seeing actress Amber Heard in 2016, after his divorce
from Riley was finalised and Heard's divorce from Johnny Depp was finished. The
pair parted in August 2017 due to their hectic schedules; they reunited in
January 2018, only to split again a month later.
Musk
began dating singer Grimes in May 2018. (born Claire Boucher). Grimes stated
that she had changed her name to "c," the symbol for the speed of light,
apparently with Musk's blessing. Fans chastised the feminist artist for dating
a billionaire whose firm has been dubbed a "predator zone" due to
sexual harassment allegations.
In
a March 2019 profile in the Wall Street Journal Magazine, the pair acknowledged
their affection for one another, with Grimes remarking, "Look, I adore
him, he's amazing... I mean, he's a damned fascinating person.” “I admire c's
wild fairy creative inventiveness and super hard work ethic,” Musk told the
Journal.
On May 4, 2020, Grimes and Musk welcomed their kid, whom they called " X Æ A-Xii " according to Musk. After learning that the state of California would not accept a name containing a number, the couple announced that their son's name will be changed to "X Æ A-Xii" later that month.
Inventions and Innovations:-
Ø Hyperloop
Musk unveiled a proposal for a new mode of transportation
called the "Hyperloop" in August 2013, an innovation that would allow
people to commute between major cities while drastically reducing travel time.
The Hyperloop, which would be weather-resistant and run on renewable energy,
would transport passengers in pods via a network of low-pressure tubes at
speeds of up to 700 mph. Musk said that the Hyperloop may take seven to ten
years to build and test.
Despite Musk's assertions that the Hyperloop will be safer
than an aircraft or train, and with an estimated cost of $6 billion — about a
tenth of the cost of the rail system proposed by the state of California — the
notion has been met with scepticism. Nonetheless, the entrepreneur has
attempted to foster the growth of this concept.
The inaugural Hyperloop Pod Competition was conducted at the
SpaceX site in January 2017 after he launched a competition for teams to submit
their concepts for a Hyperloop pod prototype. A German student engineering team
established a speed record of 284 mph in competition No. 3 in 2018, then the
same team pushed the record to 287 mph the following year.
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