Elon musk is South African-born American entrepreneur and a business magnate. He is one Billionaire in the world. He is the founder and CEO of SpaceX, CEO of Tesla, founder of Boring company and Co-founder of OpenAI and Neuralink. In this blog, we are going the discuss the success story of Elon Musk.
Elon Revee Musk was born on 28 June 1971 in Pretoria, South Africa. His father is Errol Musk, a electromechanical engineer, pilot and a sailor. His mother is Maye Musk, who is a model. From a very young age Elon musk was very interested in computers and programming. At the age of 12, he created a video game and sold it to computer magazines for $500. His friends used to tease him calling introverted child. After his parents divorced in 1980, he used to live with his father. After two years, he estranged from his father.
Musk studied in Waterkloof House Preparatory school and Bryanston High School before graduating from Pretoria Boys High School.After that his high school, he want to study in America and by knowing that it would be easily to enter in America through Canada. In 1988, Musk applied to Canadian passport through his Canadian born mother after obtaining the passport he left South Africa because of the apartheid system, that force to work in South Africa Military. After arriving in Canada, he was failed to stay with his great-uncle instead of that he stayed at a youth hostel. In 1990, he enrolled in Queen’s University in Kingston, in Ontario. After two years, he transferred to University of Pennsylvania. In 1995, he enrolled in Stanford University to study P.H.D in Material Science. Just after two days, he decide to left Stanford University to start an Internet Startup. In 1997, he graduated from University of Pennsylvania with a bachelor degree in Economics and bachelor of Arts degree in Physics.
In 1995, Musk with his brother Kambal and Gred Kouri founded ZIP2 company, which provides map, directions to news paper publishing industries. Musk used to write code all days in a week for zip2. In 1999, Compaq(a computer manufacturing company) bought zip2 for $307 million, in which musk got $22 million for his 7 percent share in ZIP2 company.
X.com and PayPal
In 1999, Musk Co-Founded X.com, which was an online e-mail payment company. Within its initial months, the company eventually reached 200000 customers joined the company. In the same year, X.com merged with Confinity, which had its own money-transfer service PayPal. In 2001, the company renamed as PayPal. In 2002, eBay bought PayPal for $1.5 Billion in stock in which Musk was the largest stakeholder with 11.7 percent and received 100 million.
In February 2002, Musk founded Space Exploration Technologies Corporation traded as SpaceX with his $100 million. In 2006, SpaceX launched there first rocket, Falcon 1 but it failed in just 33 seconds. In 2007, SpaceX launched there second rocket, this due to engine failure the engines shutdown completely and the fail to reach the orbit. Another failure for SpaceX. Then SpaceX launched there third rocket, this time also it failed. The failure almost killed the company. After three failed launches, SpaceX successfully launched there 4 rocket. It was the first privately fueled rocket to reach the earth orbit. After the successful launch, SpaceX received $1.6 Billion for Commercial Resupply Service contract.
Tesla motors originally known as Tesla was founded by Martin Eberhard and Marc Terpenning. In 2004, Elon Musk become the funders of Tesla and joined Tesla’s board of directors as a chairman. Musk played an active role in Tesla. In 2008, Musk become the CEO of Tesla. Now Tesla is one of the top company of electric cars.