Elon Musk is the brilliant founder of PayPal (PYPL), Tesla (TSLA), SpaceX, and the co-founder of Neuralink and The Boring Company. Elon Musk is the CEO of Tesla as well as the CEO/designer of SpaceX.
His extraordinary success has prompted parallels to other visionary corporate leaders such as Steve Jobs, Howard Hughes, Henry Ford, and Bill Gates. Following a difficult childhood, Musk acquired a solid ambition to achieve (he is reported to work between 80 and 120 hours per week) as well as a tenacious and single-minded viewpoint.
Early Childhood and Education of Elon Musk
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Elon Reeve Musk was born in 1971 in Pretoria, one of South Africa’s three major cities. His father was an engineer, while his mother was a dietitian and model. Musk is the eldest of three siblings. They are all high-achieving individuals. Kimbal Musk, his sister, is an environmentalist and venture investor. Tosca Musk, Musk’s sister, is an award-winning producer and director.
He created the game video at the age of 12 and sold it to a computer magazine. Musk left South Africa in 1988 after acquiring a Canadian visa because he did not want to join apartheid by completing the military’s required duty and because there were greater economic options accessible to him in America.
Elon Musk Education
Elon Musk holds a Bachelor of Science Degree in Physics as well as a Bachelor of Arts in Economics. After moving from Africa to Canada Musk got admission to Queen’s University in Kingston, Ontario Canada. He was later transferred to the University of Pennsylvania, USA where he Completed his BSC(Physics) and B.A.(Economics) from Wharton School of University of Pennsylvania(one of the best and Prestigious Business Schools in the World).
Elon Musk Startups
PayPal
Musk established Zip2, a startup that provided business directories and maps to online newspapers, in 1995. Zip2 was bought by computer maker Compaq for $307 million in 1999, and Musk later launched an online financial services firm, X.com, which ultimately changed its name to PayPal, which specializes in online money transfers.
SpaceX
In 2002, he founded Space Exploration Technologies (SpaceX) to develop more affordable rockets. The first two rockets it launched were the Falcon 1 (first launched in 2006) and the larger Falcon 9 (first launched in 2010), designed to be less expensive than other rockets. The Falcon Heavy (first launched in 2018) rocket was designed to deliver 117,000 pounds (53,000 kg) to orbit, about double the weight of its most powerful competitor, Boeing Co.’s Delta IV Heavy, at one-third the price. SpaceX has presented a Falcon 9, and Falcon Heavy Super Heavy-Starship System upgrade.
Tesla
Musk was always intrigued by the potential of electric cars. In 2004, he became one of the primary investors to Tesla Motors (later renamed Tesla), the electric car startup created by two businesspeople, Martin Eberhard and Marc Tarpenning. Tesla introduced their first vehicle, the Roadster, in 2006, which could go 245 miles (394 kilometers) on a single charge. In contrast to Musk’s prior electric cars, which he thought were dull and uninteresting, the Roadster was a sports automobile that could go from 0 to 60 miles (97 km) in four minutes. The company’s initial public offering garnered around $226 million. A few years later, Tesla launched the Model S vehicle, which automotive journalists received for its design and performance. Tesla was also recognized for its Model X premium SUV, which debuted in 2015. Model 3, a more affordable automobile, was introduced in 2017.
Elon Musk Acquired Twitter for $44 Billion Dollars
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Elon Musk has Acquired the One of the Biggest Social Media Platform Twitter for About 44 Billion Dollars.Twitter Present CEO Parag Agarwal has Expressed his views on the Acquisition by Elon Musk as a Beginning of an Unpredicted Future for Twitter.The Board of members of Twitter will be Dismissed with Immediate Effect.The Present CEO may also Quit Twitter with about 42 Million Dollars[Rs 321 Crores ] in hand as Compensation.Elon Musk is not happy with the Twitter Management Board as Twitter is Running In Loss.
Elon Musk’s Net Worth 2021
Elon Musk is the world’s second-wealthiest individual, with an estimated net worth of 18,420 crores USD.
Elon Musk’s Wife
Elon Musk has been married twice but is not presently married. He has been in a relationship with Canadian singer-songwriter Claire Elise Boucher, professionally known as Grimes, who has had a son since 2018.
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Musk’s first wife was Canadian author Justine Wilson, whom he married in January 2000. Their first child, Nevada, died at 10 weeks old from sudden infant death syndrome in 2002. After that the couple decided to use IVF.
Elon Musk’s Children
Image source-Daily Mail
The 51-year-old, who’s the richest person in the world, has welcomed twins into the world with one of his company’s senior executives. Their birth means he’s now fathered 10 children to three different women.
Nevada Alexander Musk
After getting married in January 2000, Musk and Canadian author Justine Wilson welcomed their son Nevada Alexander Musk in 2002. Unfortunately, Nevada died of Sudden Infant Death Syndrome, or SIDS, at 10 weeks.
Griffin and Xavier Musk
After losing their firstborn, Musk and Wilson turned to in vitro fertilisation (IVF) to grow their family. In April 2004, she gave birth to twins Griffin and Xavier Musk. This year, Xavier filed a legal application to change his name to Vivian Jenna Wilson, taking his mother’s surname so as not to be related to Musk.
Kai, Saxon and Damian Musk
The former couple also used IVF to welcome their triplet sons Kai, Saxon and Damian to the world in January 2006. Musk and Wilson divorced in 2008 and share custody of their five children.
X AE A-XII Musk
In May 2018, Musk began dating singer Grimes, who gave birth to their son, X AE A-XII, in May 2020. X was originally named X Æ A-12, but “Æ” and “12″ violated California law as not being part of the English alphabet, forcing his parents to change his name.
Exa Dark Sideræl Musk
In September 2021 it was confirmed that Musk and Grimes had separated, but the singer revealed in March this year that she and the SpaceX founder had welcomed their first child, Exa Dark Sideræl Musk, via surrogate in December 2021. She was given the nickname Y after their other child was named X.
Elon Musk Career
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In the summer of 1995, Musk relocated to Silicon Valley. He enrolled at Stanford University’s PhD programme in applied physics, but dropped out after only two days. Kimball Musk, Elon’s 15-month younger brother, had recently graduated from Queen’s University with a business degree and had travelled to California to join him. As the early Internet grew in popularity, the brothers decided to develop a company called Zip2, an internet business directory with maps. That’s how Elon Musk started entering into the business world.
Zip2 eventually recruited angel investors and grew into a profitable firm thanks to the brothers’ efforts. Zip2 was sold to Compaq for ＄307 million in 1999 by the brothers. Elon subsequently went on to create his own online financial services company, X.com. Confinity, a company formed by Peter Thiel and two others mere months after X.com and with headquarters in the same building, was its main competitor. In March 2000, the two firms joined and adopted the name of their major product, PayPal, an online money transfer service for individuals. In October 2002, Ebay, the online auction site, purchased PayPal for ＄1.5 billion in Ebay stock. Elon Musk, who had been the largest shareholder in PayPal with 11.7% of the company’s equity shares, found himself with ＄165 million in Ebay stock at the age of 31.
Since leaving PayPal, he has founded, co-founded, and/or led companies focused on addressing three distinct existential risks to humanity’s long-term survival: climate risk, single-planet dependency risk, and human species obsolescence risk. Two of these companies, SpaceX and Tesla Motors, he risked his entire early fortune to build.
Facts about Elon Musk
- Elon Musk was born in the year 1971 in South Africa.
- He is best known for co-founding Tesla Motors and SpaceX, but he first got his wealth as a PayPal co-founder.
- Tony Stark, the fictional character created, was heavily influenced by Musk (a.k.a. Iron Man). Indeed, elements of Iron Man 2 were shot both inside and outside of SpaceX. Even Elon Musk makes an appearance in the film!
- Musk’s official annual pay for Tesla Motors is ＄1, similar to that of Steve Jobs and other well-known entrepreneurs.
- Musk taught himself computer programming at the age of 12 and produced the video game Blastar, which he sold for $500.
- Elon Musk did not become an American citizen until he was 31 years old, in 2002.
- Elon Musk immigrated to Canada from South Africa when he was 17 years old. He eventually went to the University of Pennsylvania in the United States for college.
- Musk moved to California after graduation to pursue physics graduate school at Stanford University. He dropped out of Stanford after only two days, opting to take advantage of the booming Internet industry.
- Musk swiftly founded his first startup, Zip2, which supplied online newspapers with maps and business directories, after dropping out of graduate school. In 1999, he sold the company for ＄307 million.
- Musk co-founded X.com in 1999, an online payment startup that later became PayPal before being purchased by eBay for ＄1.5 billion in equity (of which Musk received ＄165 million).
- Tesla Motors, a firm that designs and manufactures electric sports automobiles, was co-founded by Musk. Tesla was able to flourish where other significant manufacturers failed in the electric vehicle sector. He is presently Tesla’s CEO and chief product architect.
- The National Highway Safety Administration gave the Tesla Model S a 5.4/5 safety rating, the highest ever given to a car.
- Musk is one of the driving drivers behind SolarCity, which he and his cousins created. He is also the company’s main shareholder.
- Elon Musk also created SpaceX (formerly known as Space Exploration Technologies), a corporation that designs and manufactures space launch vehicles, with a concentration on rocket technology. His goal is to lower the cost of space travel in order to expand human life beyond the Earth.
- Musk originally struggled to raise funds for SpaceX, which investors dismissed as a pipe fantasy. Musk put all of his personal funds into SpaceX in order to make it a reality (going against every piece of business advice ever written).
Elon Musk Rewards & Recognitions
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● Co-founding both SpaceX and Tesla with the goal of creating a more sustainable future.
● Creating one of the first modern hyperloop(a type of transportation system), which aims to connect major cities in a way that is faster than a plane but safer than driving on surface streets.
● Pushing forward the development of rocket technology through his company SpaceX
- In 2006, Musk was an individual from the United States National Academy of Sciences Aeronautics and Space Engineering Board.
- Inc. magazine Entrepreneur of the Year grant for 2007 for his work on Tesla and SpaceX.
- 2007 Index Design grant for his plan of the Tesla Roadster. Worldwide Green 2006 item configuration grant for his plan of the Tesla Roadster, introduced by Mikhail Gorbachev.
- American Institute of Aeronautics and Astronautics George Low honor for “the most extraordinary commitment in the field of room transportation in 2007/2008”. Musk was perceived for his plan of the Falcon 1, the main secretly evolved fluid fuel rocket to arrive at circle.
- Public Wildlife Federation 2008 National Conservation Achievement grant for Tesla and SolarCity. Other 2008 beneficiaries incorporate writer Thomas Friedman, U.S. Congressperson Patrick Leahy (D-VT), and Florida Governor Charlie Crist. Public Space Society’s Von Braun Trophy in 2008/2009, given for authority of “the main accomplishment in space”. Earlier beneficiaries incorporate Burt Rutan and Steve Squyres.
- Recorded as one of Time’s 100 individuals who most impacted the world in 2010.
- The world overseeing body for aviation records, Fédération Aéronautique Internationale, introduced Musk in 2010 with the most noteworthy honor in air and space, the FAI Gold Space Medal, for planning the main secretly evolved rocket to arrive at circle. Earlier beneficiaries incorporate Neil Armstrong, Burt Rutan of Scaled Composites and John Glenn.
- Named as one of the 75 most powerful individuals of the 21st century by Esquire magazine.
- Perceived as a Living Legend of Aviation in 2010 by the Kitty Hawk Foundation for making the replacement to the Space Shuttle (Falcon 9 rocket and Dragon space apparatus). Different beneficiaries incorporate Buzz Aldrin and Richard Branson.
- In February 2011, Forbes recorded Musk as one of “America’s 20 Most Powerful CEOs 40 And Under.”
- In June 2011, Musk was granted the US$250,000 Heinlein Prize for Advances in Space Commercialization
- In 2012, Musk was granted the Royal Aeronautical Society’s most elevated honor: a Gold Medal.
- In 2013, Musk was named the Fortune Businessperson of the year for SpaceX, SolarCity, and Tesla.
- Granted the President’s honor for Exploration and Technology of the Explorers Club at the yearly occasion on March 16, 2014.
- In 2014, Elon Musk was regarded with an Edison Achievement Award for his “obligation to advancement all through his vocation”.
- 2015 at Yale’s 314th Commencement Ceremony, got Honorary Doctorate in Engineering and Technology.
- In 2015, he was granted IEEE Honorary Membership.
- In June 2016, Business Insider named Musk one of the “Main 10 Business Visionaries Creating Value for the World” alongside Mark Zuckerberg and Sal Khan.
- In May 2017, Musk was granted the Oslo Business for Peace Award.
- In 2018, Musk was positioned 25th on Forbes rundown of The World’s Most Powerful People.
- Musk was chosen a Fellow of the Royal Society (FRS) in 2018.
- Recorded among the Time 100 Most Influential People in the World in 2010, 2013, 2018 and 2021.
- Musk was granted as part (fifth class) of the Most Admirable Order of the Direkgunabhorn on March 4, 2019 for his commitment in the salvage at Tham Luang cave, Chiang Rai Province, Thailand.
- In 2019, Musk was granted the Starmus Festival’s Stephen Hawking Medal for Science Communication
- Musk was recorded joint first on the Forbes rundown of the “Most Innovative Leaders of 2019”.
- Musk was refered to as one of the Top 100 most powerful Africans by New African magazine in 2020.
- On December 1, 2020, Musk was granted the Axel Springer Award.
- Musk Ranked No.1 on Businessperson Of The Year 2020 List By Fortune Magazine.
- On January 7, 2021, Musk was positioned as the richest individual on the planet as indicated by Bloomberg.
- On January 10, 2021, Musk was positioned #1 on Forbes’ Billionaires List
- Monetary Times is naming Musk Person Of the year for his commitment to speed up the world’s vehicle industry towards EVs.
- Musk added to Newsweek Hall of popularity for his disturbance in the Auto and Space Industry
- On December 13, 2021 Time magazine named Musk Person of the Year.