Elon Musk, (born June 28, 1971, in Pretoria, South Africa), is a South African-American entrepreneur who founded the electronic payments firm PayPal and formed SpaceX, a manufacturer of launch vehicles and spacecraft. He was the chief executive officer of electric car maker Tesla as well as one of the first significant investors.
Elon Musk- American Entrepreneur
Born: 28 June 1971 (age 50) Pretoria South Africa
Founders: PayPal, SpaceX, Zip2
- Apr 14, 2022, – Elon Musk said on Twitter “I made an offer,” $54.20 per share for the rest of Twitter’s stock, which values the company at over $43 billion.
- April 11, 2022, — Twitter CEO announces that Elon Musk will not be joining Twitter’s board.
- April 5, 2022, – Twitter’s CEO has announced that Elon Musk will join Twitter’s board.
- April 4, 2022, — Elon Musk owns a 9.2 percent stake in Twitter, which is worth more than $2.8 billion based on Friday’s share price, according to a regulatory filing. This makes him the largest shareholder of Twitter. The revelations soared Twitter stock on Monday morning.
- When was Elon Musk born?
- How did Elon Musk become famous?
- Where did Elon Musk go to college?
- What has Elon Musk achieved?
The son of a Canadian mother and a South African father, Musk has been known for his entrepreneurship since childhood, when he made a video game and sold it to a computer magazine when he was just 12 years old.
Musk made up his mind to leave South Africa and move to Canada and obtained a Canadian passport in 1988. The reason behind this was that he considered it wrong to support apartheid through compulsory military service. In addition, he had more opportunities to trade in the United States than he desired.
PayPal and SpaceX
Musk attended Queen’s University in Kingston, Ontario, and in 1992 he transferred to the University of Pennsylvania, Philadelphia, where he earned a bachelor’s degree in physics and economics in 1997. He enrolled in graduate school in physics at Stanford University in California but left after only two days because he realized that the Internet had more potential to change society than work in physics. Zip 2, a well-known company providing maps and business directions to online newspapers, was founded in 1995 by Musk. In 1999 Zip2 was bought by computer maker Compaq for $307 million, and Musk then founded X.com, an online financial services company that later became PayPal, which specializes in online money transfers. PAYPAL was bought by eBay through an online auction in 2002 for $1.5 billion.
Musk had long been convinced that in order for life to survive, humanity had to become a multi-planetary species. However, he was unhappy with the hefty cost of rocket launchers. In 2002 he founded Space Exploration Technologies (SpaceX) to build more affordable rockets. Prior to this, Falcon 1 was first launched in 2006 and Falcon 9 which was first launched in 2010. These rockets were designed and manufactured at a much lower cost than other competing rockets. A third rocket, the Falcon Heavy (first launched in 2018), was designed to carry 117,000 pounds (53,000 kilograms) into orbit, nearly twice that of its biggest competitor, the Boeing Company’s Delta IV Heavy. was double the cost for a third. SpaceX has announced the Falcon 9 and Falcon Heavy: Super Heavy – the successor to the Starship System. The first stage of the super heavy would be capable of lifting 100,000 kilograms (220,000 lb) into low Earth orbit. The payload will be the Starship, a spacecraft designed to provide rapid transportation between cities on Earth and bases on the Moon and Mars. SpaceX also developed the Dragon spacecraft, which supplies to the International Space Station (ISS).
The dragon can carry up to seven astronauts, and in 2020 there was a crewed flight carrying astronauts Doug Hurley and Robert Behnken to the ISS. Musk sought to reduce the cost of space flight by developing a fully reusable rocket that could lift and return. The pad from which it was launched. In early 2012, SpaceX’s Grasshopper rocket made several short flights test such technology. In addition to being the CEO of SpaceX, Musk was also a chief designer in the creation of the Falcon rocket, Dragon, and Grasshopper.
Musk had long been interested in the potential of electric cars, and in 2004 he became one of the principal funders of Tesla Motors (later renamed Tesla), It was an electronic car company founded by prominent industrialists Martin Eberhard and Mark Turpening. had done In 2006 Tesla introduced its first car, the Roadster, which could travel 245 miles (394 km) on a single charge. Unlike most previous electric vehicles, which Musk thought were awkward and uninteresting, this was a sports car that could accelerate from 0 to 60 miles (97 km) per hour in less than four seconds. The company’s initial public offering in 2010 raised approximately $226 million. The S sedan model was launched by Tesla after two years, the design and performance of this car was praised by critics associated with the automotive world. The company won further accolades for its Model X luxury SUV, which hit the market in 2015. The Model 3, a less expensive vehicle, went into production in 2017.
Musk expressed reservations about Tesla being publicly traded, and in August 2018 he made several tweets about taking the company private, noting that he had “safe funds.” Musk was sued by the American Security and Exchange Commission (SEC) for securities fraud and scam. Musk was accused by the commission of making false and misleading tweets. Soon after, Tesla’s board reacted quickly and rejected the SEC’s proposed settlement, the reason behind it reportedly being Musk’s threat to resign. However, the news plunged Tesla’s stock, and a hard-fought deal was eventually accepted. Its terms included leaving Musk as chairman for three years, although he was allowed to continue as CEO.
Dissatisfied with the estimated cost ($68 billion) of a high-speed rail system in California, Musk in 2013 proposed an alternative fast system, the Hyperloop, a pneumatic tube with a pod carrying 28 passengers for 350 miles (560 km). ) will travel. This train traveled at the speed of about 1220 KM per hour at the speed of sound and covered the journey between Los Angeles and San Francisco in just 35 minutes.. Musk claimed the Hyperloop would cost only $6 billion and with pods departing every two minutes on average, the system could accommodate six million people traveling that route each year. However, he said that between running SpaceX and Tesla, he could not devote time to the development of Hyperloop.