Posted by South African entrepreneur Elon Musk is understood for founding Tesla Motors and SpaceX, which launched a landmark commercial spacecraft in 2012.
Who Is Elon Musk?
Elon Musk may be a South Africa n-born American entrepreneur and businessman who founded X.com in 1999 (which later became PayPal), SpaceX in 2002 and Tesla Motors in 2003. Musk became a multimillionaire in his late 20s when he sold his start-up company, Zip2, to a division of Compaq Computers.
Musk made headlines in May 2012, when SpaceX launched a rocket that might send the primary commercial vehicle to the International space platform . He bolstered his portfolio with the acquisition of SolarCity in 2016 and cemented his standing as a pacesetter of industry by taking over an advisory role within the youth of President Donald Trump's administration.
In January 2021, Musk reportedly surpassed Jeff Bezos because the wealthiest man within the world.
Early Life
Musk was born on June 28, 1971, in Pretoria, South Africa. As a toddler , Musk was so lost in his daydreams about inventions that his parents and doctors ordered a test to see his hearing.
At about the time of his parents’ divorce, when he was 10, Musk developed an interest in computers. He taught himself the way to program, and when he was 12 he sold his first software: a game he created called Blastar.
In grammar school , Musk was short, introverted and bookish. He was bullied until he was 15 and went through a growth spurt and learned the way to defend himself with karate and wrestling.
Family
Musk’s mother, Maye Musk, may be a Canadian model and therefore the oldest woman to star during a Covergirl campaign. When Musk was growing up, she worked five jobs at one point to support her family.
Musk’s father, Errol Musk, may be a wealthy South African engineer.
Musk spent his infancy together with his brother Kimbal and sister Tosca in South Africa . His parents divorced when he was 10.
Education
At age 17, in 1989, Musk moved to Canada to attend Queen’s University and avoid mandatory service within the South African military. Musk obtained his Canadian citizenship that year, partially because he felt it might be easier to get American citizenship via that path.
In 1992, Musk left Canada to review business and physics at the University of Pennsylvania. He graduated with an undergraduate degree in economics and stayed for a second bachelor’s degree in physics.
After leaving Penn, Musk headed to Stanford University in California to pursue a PhD in energy physics. However, his move was timed perfectly with the web boom, and he dropped out of Stanford after just two days to become a neighborhood of it, launching his first company, Zip2 Corporation in 1995. Musk became a U.S. citizen in 2002.
Companies
Zip2 Corporation
Musk launched his first company, Zip2 Corporation, in 1995 together with his brother, Kimbal Musk. a web city guide, Zip2 was soon providing content for the new websites of both The ny Times and therefore the Chicago Tribune. In 1999, a division of Compaq Computer Corporation bought Zip2 for $307 million in cash and $34 million available options.
PayPal
In 1999, Elon and Kimbal Musk used the cash from their sale of Zip2 to found X.com, a web financial services/payments company. An X.com acquisition the subsequent year led to the creation of PayPal because it is understood today.
In October 2002, Musk earned his first billion when PayPal was acquired by eBay for $1.5 billion available . Before the sale, Musk owned 11 percent of PayPal stock.
SpaceX
Musk founded his third company, Space Exploration Technologies Corporation, or SpaceX, in 2002 with the intention of building spacecraft for commercial spaceflight . By 2008, SpaceX was well established, and NASA awarded the corporate the contract to handle cargo transport for the International Space Station—with plans for astronaut transport within the future—in a move to exchange NASA’s own spacecraft missions.
Tech Giants: Elon way from home. Elon Musk, an entrepreneur and inventor known for founding the private space-exploration corporation SpaceX, also as co-founding Tesla Motors and Paypal, poses for a portrait in l. a. , California, on July 25, 2008.
Elon Musk poses for a portrait in l. a. , California, on July 25, 2008.
Photo: Dan Tuffs/Getty Images
Falcon 9 Rockets
On May 22, 2012, Musk and SpaceX made history when the corporate launched its Falcon 9 rocket into space with an unmanned capsule. The vehicle was sent to the International space platform with 1,000 pounds of supplies for the astronauts stationed there, marking the primary time a personal company had sent a spacecraft to the International space platform . Of the launch, Musk was quoted as saying, "I feel very lucky. ... For us, it's like winning the Super Bowl."
In December 2013, a Falcon 9 successfully carried a satellite to geosynchronous transfer orbit, a distance at which the satellite would lock into an orbital path that matched the Earth's rotation. In February 2015, SpaceX launched another Falcon 9 fitted with the region Climate Observatory (DSCOVR) satellite, getting to observe the acute emissions from the sun that affect power grids and communications systems on Earth.
In March 2017, SpaceX saw the successful test flight and landing of a Falcon 9 rocket made up of reusable parts, a development that opened the door for cheaper spaceflight .
A setback came in November 2017, when an explosion occurred during a test of the company's new Block 5 Merlin engine. SpaceX reported that nobody was hurt, which the difficulty wouldn't hamper its planned rollout of a future generation of Falcon 9 rockets.
The company enjoyed another milestone moment in February 2018 with the successful test launch of the powerful Falcon Heavy rocket. Armed with additional Falcon 9 boosters, the Falcon Heavy was designed to hold immense payloads into orbit and potentially function a vessel for region missions. For the test launch, the Falcon Heavy was given a payload of Musk's cherry-red Tesla Roadster, equipped with cameras to "provide some epic views" for the vehicle's planned orbit round the sun.
In July 2018, Space X enjoyed the successful landing of a replacement Block 5 Falcon rocket, which touched down on a drone ship but 9 minutes after liftoff.
BFR Mission to Mars
In September 2017, Musk presented an updated design plan for his BFR (an acronym for either "Big F---ing Rocket" or "Big Falcon Rocket"), a 31-engine behemoth topped by a spaceship capable of carrying a minimum of 100 people. He revealed that SpaceX was getting to launch the primary cargo missions to Mars with the vehicle in 2022, as a part of his overarching goal of colonizing the Mars .
In March 2018, the entrepreneur told an audience at the annual South by Southwest festival in Austin, Texas, that he hoped to possess the BFR ready for brief flights early the subsequent year, while delivering a knowing nod at his previous problems with meeting deadlines.
The following month, it had been announced that SpaceX would construct a facility at the Port of l. a. to create and house the BFR. The port property presented a perfect location for SpaceX, as its mammoth rocket will only be movable by barge or ship when completed.
Starlink Internet Satellites
In late March 2018, SpaceX received permission from the U.S. government to launch a fleet of satellites into low orbit for the aim of providing Internet service. The satellite network, named Starlink, would ideally make broadband service more accessible in rural areas, while also boosting competition in heavily populated markets that are typically dominated by one or two providers.
SpaceX launched the primary batch of 60 satellites in May 2019, and followed with another payload of 60 satellites that November. While this represented significant progress for the Starlink venture, the looks of those bright orbiters within the night sky, with the potential of thousands more to return , worried astronomers who felt that a proliferation of satellites would increase the problem of studying distant objects in space.
Tesla Motors
Musk is that the co-founder, CEO and merchandise architect at Tesla Motors, a corporation formed in 2003 that's dedicated to producing affordable, mass-market electric cars also as battery products and solar roofs. Musk oversees all development , engineering and style of the company's products.
Roadster
Five years after its formation, in March 2008, Tesla unveiled the Roadster, a sports car capable of accelerating from 0 to 60 mph in 3.7 seconds, also as traveling nearly 250 miles between charges of its lithium ion battery.
With a stake within the company taken by Daimler and a strategic partnership with Toyota, Tesla Motors launched its initial public offering in June 2010, raising $226 million.
Model S
In August 2008, Tesla announced plans for its Model S, the company's first electric sedan that was reportedly meant to require on the BMW 5 series. In 2012, the Model S finally entered production at a starting price of $58,570. Capable of covering 265 miles between charges, it had been honored because the 2013 Car of the Year by Motor Trend magazine.
In April 2017, Tesla announced that it surpassed General Motors to become the foremost valuable U.S. car maker. The news was a clear boon to Tesla, which was looking to build up production and release its Model 3 sedan later that year.
In September 2019, using what Musk described as a "Plaid powertrain," a Model S set a speed record for four-door sedan at Laguna Seca Raceway in Monterey County, California.
Model 3
The Model 3 was officially launched in early 2019 following extensive production delays. The car was initially priced at $35,000, a way more accessible price point than the $69,500 and up for its Model S and X electric sedans.
After initially getting to produce 5,000 new Model 3 cars per week by December 2017, Musk pushed that goal back to March 2018, then to June with the beginning of the New Year . The announced delay didn't surprise industry experts, who were cognizant of the company's production problems, though some questioned how long investors would remain patient with the method . It also didn't prevent Musk from garnering a radical new compensation package as CEO, during which he would be paid after reaching milestones of growing valuation supported $50 billion increments.
By April 2018, with Tesla expected to come short of first-quarter production forecasts, news surfaced that Musk had ignored the top of engineering to personally oversee efforts therein division. during a Twitter exchange with a reporter, Musk said it had been important to "divide and conquer" to satisfy production goals and was "back to sleeping at factory."
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