" A man who wants to colonize Mars with the human population, ventured with NASA to make this holy grail possible"- Elon Musk. In this article, you will get to know about his immense and roller coaster expedition from dropping out the Stanford to start his company Zip2 and being the CEO of two companies.
Overview of Content
1.1 Who is Elon Musk?
Elon Musk is a South African born American entrepreneur, business designer, philanthropist, and an engineer. He co-founded the electronic- payment company PayPal, maker of space launch vehicle SpaceX and Tesla. He is the CEO of SpaceX and Tesla and also one of the consequential investors in Tesla. He was ranked on the world’s most powerful people in Forbes’s list in 2018. Tesla CEO Elon Musk has become 4th richest man in the world with a net worth $84.8 billion on 18 August 2020.
1.2 Elon's Earlier life
Elon musk was born (28 June 1971) to a Canadian mother and South African father in Pretoria. His mother, Maye Musk was a nutritionist and his father, Errol Musk was an engineer. He is the eldest among all the three children. His brother Kimbal is a speculator and his sister Tosca is a producer and director. He lived there till the age of 17 and attended the University of Pretoria. He shuns serving in the military, so he decided to move to Canada as his mother was from Canada and, it would be easier to procure Canadian citizenship easily. Later, it would be secure and permissible to obtain American citizenship.
He went to Queen’s University and then shifted to the University of Pennsylvania, where he was accomplished with a dual degree in Physics and Economics. During the summer, he held with two internships at Pinnacle Research Institute. In 1995, he moved to California to pursue a PhD in applied science and material at Stanford.
But he dropped out his plan and co-founded the company Zip2 with his brother Kimbal which was later acquired by Compaq in 1999. He founded other companies like X.com an online bank that amalgamated with Confinity in 2000, PayPal, and eBay in 2002.
He completed his graduation with a Bachelors's degree in economics and physics in 1997.
1.3 Elon's Personal Life
Justine Wilson, a Canadian author is the first wife of Elon Musk whom he met at Ontario’s Queen’s University where both studied. In 2000, they both got married and separated in 2008. They had a son named Nevada Alexander Musk who died due to sudden infant death syndrome (SISD). In 2004, they blessed with a twin named Griffin and Xavier Musk and in 2006, they had a triplet named Kai, Saxon, and Damian Musk. They both hold the custody of their five children.
In 2008, Elon Musk started dating Talulah Riley, an English actress and after two years, both allianced. In January 2012, Musk announced that they both ended their relationship. In 2013, they again tie the knot and filed for divorce in 2014 which was officially finalized in 2016. In 2017, he started dating Amber Heard, who is an American actress but got separated due to their tight schedule.
In 2018, Elon met Canadian musician Claire Elise Boucher stage name Grimes and started dating. In 2020, using her Instagram account Grimes shared a photo, announcing her pregnancy. Grimes gave birth to a son named “X AE A-XII” pronounced as EKS-ash-AY-twelve on 4th May 2020.
1.4 Companies Founded by Elon Musk
- Zip2(1995): This was the first company which he launched with his brother Kimbal
- PayPal (1999): Musk opened this company as an online bank payment system earlier known as X. Com
- SpaceX (2002): This was the third company launched by Elon for space exploration.
- Tesla Motor (2003): One of the leading electric car manufacturer company was inaugurated by Musk
- SolarCity (2006): Elon is the chairman and helped in starting the company.
- The Boring Company (2007): This company started by Elon to reduce the traffic jam and propagate tunnels.
1.5 Elon Musk: SpaceX
Musk's main motive behind this company was space exploration and making human multi-planetary species. However, he was dissatisfied with the expense of rocket launchers for which he traveled to Moscow in 2001. Elon was spat and the agreement canceled. Later in 2002, he founded a company Space Exploration Technology which we today knew it, as SpaceX to make a more affordable and reusable rocket.
As time passing, SpaceX is a huge name in the aviation and space industry with its innovation and advanced technology. In 2006, NASA announced that the company was selected to demonstrate the crew and cargo supply to International Space Station. In 2008, NASA provide a contract to SpaceX for Commercial Resupply Services Program with the US $ 1.16 billion funding in addition to sending astronauts to space in the future, replacing NASA’s space shuttle mission.
1.6 SpaceX's Falcon Missions
Company’s first two rockets Falcon 1 (launched in 2006) and Falcon 9 (2010) which was designed to cost much less than the existing competing rocket. In 2012, the company made history when they launched Falcon 9 with an unmanned capsule into space. The rocket was fully loaded with 10,000 pounds of supplies for an astronaut to the Space Station. The company has designed Dragon Spacecraft to deliver supplies in International Space Station. Dragon can carry as many as seven astronauts and its crew flight astronauts Dough Harley and Robert Behnken to ISS in 2020.
Falcon 9 also sent satellites successfully in geosynchronous orbit in 2013. Falcon Heavy, the third rocket was designed to carry 117,000 pounds to orbit which is near to the largest competitor, the Boeing company’s Delta IV Heavy, and one-third of its cost. At the first stage of super heavy would be capable of lifting 220, 000 pounds of weight to lower earth orbit.
Spacecraft are designed to provide the fastest transportation between cities on earth and building base on Moon and Mars. Musk's central idea to reduce the cost of spaceflight by developing a fully reusable rocket that could lift off and return to its launching pad. The company is achieving new height at their every step with the failure and success both.
1.7 Elon Musk:Tesla
Tesla is an electric motor company founded by Elon Musk with the other two engineers Martin Eberhard, and Marc Tarpening in 2004. The roadster is the first car introduced by Tesla, which could run 394 km in a single charge in 2006. The IPO of the company (Initial public offering) was raised by US$226 million in 2010. After two-year, Tesla introduced Model S Sedan which was eulogized by automotive critics for its design and performance. Model 3 ranked as the world’s all-time bestselling electric car all around with 500, 0000 delivery. More than 80% of the battery-electric vehicles are delivered in the USA by half of 2020.
In 2018, Musk expressed about reservation in Tesla, being publicly traded, and tweeted back to back about the privatization of the company. Later, Musk was sued for securities frauds and alleged that the tweets were "false and misleading" by U.S Securities and Exchange Commission(SEC). Musk had threatened to resign as Tesla’s board rejected the SEC proposed settlement. Tesla stocks started tumbling as a result rasping deal was accepted. Its prerequisite, Elon has to step down as chairman for three years` Although, he was allowed to be CEO of the company.
Conclusion
Now, Tesla is the leading EMV company in the world. To froth and back, Elon's journey gives a significant lesson: believe in yourself and believe in your vision. It only your action which will decide the laying foundation and success of your dream. Be passionate, love what you do.
(An Entrepreneur)
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