Most entrepreneurs are lucky to have one billion-dollar company to their name. Elon Musk, Americas real-life Tony Stark, has four. Perhaps best known as the C.E.O. and founder of the private aerospace company SpaceX and C.E.O. and co-founder of electric carmaker Tesla Motors, Musk isnt shy about his ultimate ambitions: helping to save the planet by shifting the world economy to sustainable energy. But, like any savvy billionaire, Musk is hedging his bets, too, by working actively to establish a human colony on Mars.
If anyone can bring humanity into the interplanetary age, its Musk. Born in South Africa to an electrical engineer father and model Maye Musk, he developed an interest in computer programming at an early age, selling the code to a video game he had developed to a magazine when he was just 12 years old. In 1992, Musk moved to the United States, where he received a dual degree from the University of Pennsylvania in physics and economics, before flying west to Stanford to begin a Ph.D. in applied physics. Two days into his program, he dropped out to become an entrepreneur. His first start-up, a software company called Zip2, sold to Compaq four years later, in 1999, for more than $300 million in cash, with more than $30 million in stock options.
A millionaire many times over at the age of 28, Musk didnt hesitate before starting over again with X.com, a financial services business that quickly merged with the company that would become PayPal. Two years later, the payments processing start-up was acquired by eBay for $1.5 billion in stock, netting Musk another $165 million. But by then, Musk was already dreaming bigger. In 2002, he poured $100 million of his fortune into founding SpaceX, a private aerospace company with the goal of making spaceflight affordable by building the first reusable rocket. And in 2004, he got involved with Tesla Motors, leading a series A funding round and joining its board as chairman. That limitless ambition nearly cost him everything. During the financial crisis in 2008, after he had become C.E.O. of Tesla, both companies were on the verge of failure and Musk was deep in personal debt trying to keep them afloat. But Musk is the most risk-immune person Ive ever met, recalled venture capitalist Steve Jurvetson, a friend and managing partner at Draper Fisher Jurvetson, the renowned venture capital firm, who has backed both efforts, in an interview with Esther Dyson for Business Insider. Hes really an American hero, more than anyone Ive ever met.
SpaceX and Tesla both pulled through, thanks to Musk and an assist from the U.S. government, which gave him a $1.6 billion NASA contract and offered generous green energy subsidies on Teslas first production car, the blistering fast, all-electric Roadster. Today, SpaceX is the largest private producer of rocket motors in the world, and Tesla is onto its third-generation vehicle, the Model 3, which has already secured about $15 billion in pre-order sales, according to the company. SolarCity, another company Musk co-founded and for which he is the largest shareholder, is now one of the top two residential solar contractors in the U.S. Musk, obviously, is not taking a break from success. His next mission? Landing a rocket ship on Mars, as early as 2018.
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Hive: Elon Musk News, In-Depth Articles, Photos & Videos ...
- Elon Musk | Biography & Facts | Britannica.com [Last Updated On: August 20th, 2018] [Originally Added On: August 20th, 2018]
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- Future Mars Colonists Could Fly Rockets They 3D Printed Right on the Red Planet [Last Updated On: October 29th, 2018] [Originally Added On: October 29th, 2018]
- Elon Musk: First Boring Company Tunnel Will Open December 10 [Last Updated On: October 29th, 2018] [Originally Added On: October 29th, 2018]
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- WeWork's CEO drama has one industry insider calling it an 'Elon Musk situation' - Business Insider [Last Updated On: October 1st, 2019] [Originally Added On: October 1st, 2019]
- Elon Musk Just Unveiled Wild Starship Plans For "The Moon, Mars, And Beyond" - ScienceAlert [Last Updated On: October 1st, 2019] [Originally Added On: October 1st, 2019]
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- Elon Musk should send people to Mars on a keto diet to save money, according to a doctor who studies ketosis - INSIDER [Last Updated On: October 30th, 2019] [Originally Added On: October 30th, 2019]
- Elon Musk's hearing over Thai cave diver 'pedo guy' slur to begin amid 'con man' investigation - ABC News [Last Updated On: October 30th, 2019] [Originally Added On: October 30th, 2019]
- Tesla is unveiling a 3rd version of its solar roof this week, Elon Musk says - Business Insider [Last Updated On: October 30th, 2019] [Originally Added On: October 30th, 2019]
- Peter Thiel says Elon Musk is a 'negative role model' because he's too hard to emulate - CNBC [Last Updated On: October 30th, 2019] [Originally Added On: October 30th, 2019]
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- Elon Musk says the Tesla 2020 Roadster 'maybe won't need a key at all' - Business Insider [Last Updated On: November 23rd, 2019] [Originally Added On: November 23rd, 2019]
- Elon Musk Ordered to Stand Trial in Cave Explorers Defamation Case - The New York Times [Last Updated On: November 23rd, 2019] [Originally Added On: November 23rd, 2019]
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- Tesla has announced major overhaul of sales and delivery teams - Business Insider [Last Updated On: December 13th, 2019] [Originally Added On: December 13th, 2019]
- Elon Musk revives his plan to power the United States entirely on solar - Inverse [Last Updated On: December 13th, 2019] [Originally Added On: December 13th, 2019]
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- This decade in Elon Musk: SpaceX, Tesla, The Boring Company, and more - The Verge [Last Updated On: December 18th, 2019] [Originally Added On: December 18th, 2019]
- Jason Castriota is taking on the 300 mph record -- and Elon Musk - Los Angeles Times [Last Updated On: December 30th, 2019] [Originally Added On: December 30th, 2019]
- Can you guess what Elon Musk's favorite movie and Netflix series were in 2019? - USA TODAY [Last Updated On: December 30th, 2019] [Originally Added On: December 30th, 2019]
- How Elon Musk Evolved from Nothing to the Most Successful - Interesting Engineering [Last Updated On: December 30th, 2019] [Originally Added On: December 30th, 2019]
- Be wary of Elon Musk despoiling the vault of heaven - The Guardian [Last Updated On: December 30th, 2019] [Originally Added On: December 30th, 2019]
- Elon Musk Dismisses Induced Demand, A Phenomenon First Witnessed In 1866 - Forbes [Last Updated On: December 30th, 2019] [Originally Added On: December 30th, 2019]
- Elon Musk aims for 2020 completion of underground Las Vegas project - Las Vegas Review-Journal [Last Updated On: December 30th, 2019] [Originally Added On: December 30th, 2019]
- Elon Musk's Tesla journey started as an investor - The Times [Last Updated On: January 19th, 2020] [Originally Added On: January 19th, 2020]
- All aboard the Starship! Elon Musk aims to send 10 lakh people to Mars by 2050 - Hindustan Times [Last Updated On: January 19th, 2020] [Originally Added On: January 19th, 2020]
- The pop princess and the billionaire: how Grimes and Elon Musk became the worlds strangest power couple - Telegraph.co.uk [Last Updated On: January 19th, 2020] [Originally Added On: January 19th, 2020]
- Elon Musk Says His Favorite Movie of 2019 Was "Parasite" And The Concept of Irony is Officially Dead - Bleeding Cool News [Last Updated On: January 19th, 2020] [Originally Added On: January 19th, 2020]
- Did The Book Primal Branding Inspire Elon Musk With Tesla? - InsideEVs [Last Updated On: January 19th, 2020] [Originally Added On: January 19th, 2020]
- Elon Musk's Tunnel Company Seeks to Expand Its Reach in Las Vegas - Engineering News-Record [Last Updated On: January 19th, 2020] [Originally Added On: January 19th, 2020]
- Elon Musk keeps getting owned by the PA Treasury's Twitter account - Mashable [Last Updated On: January 19th, 2020] [Originally Added On: January 19th, 2020]
- Elon Musk is nearly halfway done with his Las Vegas loop - The Hill [Last Updated On: January 19th, 2020] [Originally Added On: January 19th, 2020]
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- Jack Dorsey asked Elon Musk how he would run Twitterhere's what Musk said - CNBC [Last Updated On: January 19th, 2020] [Originally Added On: January 19th, 2020]
- Elon Musk is still thinking big with SpaceX's Starship Mars-colonizing rocket. Really big. - Space.com [Last Updated On: January 19th, 2020] [Originally Added On: January 19th, 2020]
- Jay Leno And Elon Musk Spotted Driving And Filming Tesla Cybertruck - Grand Tour Nation [Last Updated On: January 29th, 2020] [Originally Added On: January 29th, 2020]
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- Japanese billionaire Maezawa pulls out of dating show that promised the moon - Eyewitness News [Last Updated On: January 30th, 2020] [Originally Added On: January 30th, 2020]
- Does Tesla make solar glass roof tile in its Buffalo, New York factory? Or in China? - pv magazine USA [Last Updated On: January 30th, 2020] [Originally Added On: January 30th, 2020]
- Tesla's Elon Musk Must Fail To Win: It's A Critical Part Of The Process - InsideEVs [Last Updated On: January 30th, 2020] [Originally Added On: January 30th, 2020]