World’s Second Richest Person and an Ideal For Many
Elon Musk or Elon Reeve Musk is an entrepreneur business magnate in today’s world who has totally evolved the technological terms of today . He is the founder, CEO, and Chief Engineer at SpaceX early stage investor CEO and Product Architect of Tesla, Inc. He was born in Pretoria, South Africa. He got his Bachelor’s degree in physics and economics from University of Pennsylvania. He started his career by co-founding the web software company Zip2. This startup was acquired by Compaq for $307 million in 1999. After this Musk co-founded online bank X.com that same year, which merged with Confinity in 2000 to form PayPal. The company was bought by eBay in 2002 for $1.5 billion.
Then In 2002, Musk founded SpaceX, an aerospace manufacturer and space transport services company, of which he is CEO and CTO. This rocket firm SpaceX, works on building reusable rockets and aspires to land humans on Mars .
Then after this in 2004, he joined electric vehicle manufacturer Tesla Motors, Inc. (now Tesla, Inc.) as a chairman and product architect and became its CEO in 2008. Tesla produces super modern cars that run on lithium batteries and are luxurious and have an auto pilot mode which sounds really impossible to normal ears.
In 2006, he helped create SolarCity, a solar energy services company that was later acquired by Tesla and became Tesla Energy. This company Solar City develops solar panels and solar roof tiles and aims at making this world to use the purest and cleanest fuels that are highly renewable so that even their infinite use does not exhaust them.
Neuralink is a startup which develops ultra high bandwidth brain machine interfaces to connect human brains to computers to help cure nervous system problems. The company was launched in 2016 and was first publicly reported in March 2017.
All this was not always as smooth as it looks. The biggest success of PayPal today was once awarded with “World’s worst business concept of the year”. Elon Musk is a person who has experienced some very adverse situations in terms of his personal life. After all, he went through a very public and long divorce process with his previous wife. He stated that this period was consumed by deep depression. As if that wasn’t enough when the 2008 recession depleted the profitability of Space X and Tesla. Elon was almost broke again and facing a decision to axe one of these two companies. In the end, Elon decided to split any remaining funds between the two companies and later that year. He received word that NASA were committing $6 billion to Space X. Needless to say, both companies survived the storm and Elon even married again just a few years later.
Where most people leave , Elon leaned in and poured is money , sweat, blood, tears in making his companies successful and his passion for design, engineering and the future would have him succeed on both the fronts.
The main thing to learn is that with the acquisition of PayPal his net-worth rose to 123 Million USD and he could have retired early and rode off into sunset and live happily after ” BUT THAT’S NOT HOW LEGENDS ARE MADE” . Instead he took a gamble and invested his newfound millions into his two separate companies – SpaceX and Tesla .