South African entrepreneur Elon Musk is known for founding Tesla Motors and SpaceX, which launched a landmark commercial spacecraft in 2012.
Born : June 28, 1971 (Age 52)
Place : Pretoria, Transvaal, South Africa
Citizenship : United States, South Africa and Canada
Education : University of Pennsylvania (BA, BS)
Title : Founder, CEO and Chief Engineer of SpaceX
CEO and Product architect of Tesla, Inc.
Owner and CTO of X, Formerly Twitter
President of the Musk Foundation
Founder of The Boring Company, X Corp and xAI
Co-founder of Neuralink, OpenAI, Zip2 and X.com (part of PayPal)
Spouses :
Justine Wilson (Married-2000; Divorce – 2008)
Talulah
(Married-2013; Divorce – 2016)
Partners
Amber Heard : (2015–2017)
Grimes : (2018) –2021)
Children : 11
Parents :
Father : Errol Musk
Mother : Maye Musk
Relatives
Brother : Kimbal Musk
Sister : Tosca Musk
Cousin : Lyndon Rive
About Elon Musk
Elon Musk, born June 28, 1971, is a multifaceted entrepreneur and investor and renowned for his leadership roles across various pioneering ventures.
He stands as the driving force behind SpaceX, serving as its founder, chairman, CEO, and chief technology officer. Musk is also recognized for his involvement as an angel investor, CEO and former chairman of Tesla Inc. Additionally, he holds pivotal positions as owner, chairman, and CTO of X Corp. Founder of the Boring Company and xAI, and Co-founder of Neuralink and OpenAI. Notably. Musk's diverse initiatives extend to his role as president of the Musk Foundation and reflect his commitment to philanthropy.
With an estimated net worth of over $232 billion (Bloomberg) and $254 billion (Forbes) as of December 2023. Largely attributed to his stakes in Tesla and SpaceX, Musk continues to redefine innovation and technology on a global scale. His journey began in Pretoria, South Africa. And evolved through key educational milestones in Canada and the United States.
Before his groundbreaking ventures reshaped industries such as space exploration, electric vehicles, AI and more. Yet, amid his groundbreaking successes. Musk's outspokenness and controversial statements have sparked debates and criticism. Including instances of misinformation and contentious social media practices. Despite facing legal challenges and public scrutiny. His endeavors persist at the forefront of technological advancement and societal impact.
Early life and education
Childhood and Family
Born on June 28, 1971, in Pretoria, South Africa, Elon Musk hails from British and Pennsylvania Dutch descent. His mother, Maye Musk, a Canadian-born model and dietitian and his father. Errol Musk was an electromechanical engineer who shaped his upbringing. Coming from affluence. Elon Musk's youth was influenced by his father's various pursuits and his family's stance against apartheid.
Following his parents' divorce in 1980. Elon Musk chose to reside primarily with his father. Although their relationship became strained later on. Despite challenges and a notable incident in his youth, Elon Musk's passion for reading and early foray into computing laid the foundation for his remarkable journey. At just twelve, he pocketed $500 selling his self-programmed game, Blastar.
Education
Graduating from Pretoria Boys High School, Elon Musk embarked on a journey that led him to Canada and the United States. Pursuing his studies at the University of Pretoria briefly and he later moved to Canada in 1989. Spending a year in Saskatchewan before enrolling at Queen's University. Transferring to the University of Pennsylvania.
Elon Musk completed degrees in physics and economics. Although the university's records differ from Musk's stated graduation year. To fund his education, Musk organized sizable house parties and crafted a business plan for an e-book scanning service. Elon Musk's venture into Silicon Valley included internships at energy startups before momentarily considering a Stanford PhD. Elon Musk has ultimately redirected his focus towards the burgeoning internet sphere. Subsequently, Musk's attempt to join Netscape did not yield a response.
Business Career
Zip2
X.com and PayPal
In 1999, Musk co-founded X.com, an online finance and email payment platform. Investing $12 million from his Compaq earnings. Despite gaining over 200,000 initial customers, investor skepticism led to Musk's replacement by Bill Harris. X.com merged with Confinity in 2000.
Combining services to circumvent competition but internal conflicts. Including software preference clashes and prompted Thiel's resignation and Musk's removal as CEO in 2000. Thiel later helmed PayPal. Focusing on money transfers. eBay's $1.5 billion acquisition of PayPal in 2002 earned Musk $175.8 million. In 2017, he repurchased the X.com domain for its sentimental value, musing on creating “X, the everything app” in 2022.
SpaceX
In 2001, Elon Musk engaged with the Mars Society and exploring plans to cultivate plants on Mars. Seeking intercontinental ballistic missiles (ICBMs) for transporting greenhouse payloads. Elon Musk traveled to Moscow in 2001 and 2002 but returned empty-handed. Rejecting a $8 million rocket offer. Elon Musk chose to create affordable rockets. Using $100 million of his own funds and he founded SpaceX in May 2002. Elon Musk assumed the roles of CEO and Chief Engineer.
Then-NASA Administrator Charles Bolden congratulating Musk by the SpaceX Dragon following its 2012 mission.
SpaceX's initial Falcon 1 rocket launch in 2006 failed to reach orbit but garnered NASA's Commercial Orbital Transportation Services contract. Following near-bankruptcy due to subsequent failed attempts. SpaceX successfully orbited Falcon 1 in 2008. Securing a $1.6 billion NASA contract.
SpaceX's Falcon 9 and Dragon served the ISS after the Space Shuttle's retirement. SpaceX achieved notable milestones like Falcon 9's first stage landing and the launch of Falcon Heavy with Musk's Tesla. The company is actively developing Starship as a replacement for Falcon rockets. In 2020, SpaceX made history with Demo-2 and launching astronauts into orbit and docking a crewed spacecraft with the ISS.
Starlink
In 2015, SpaceX initiated the Starlink project and aimed to create a low-Earth-orbit satellite constellation for global internet access. Prototype launches began in 2018 and the first significant deployment of 60 operational satellites occurred in May 2019. The project's estimated cost is around $10 billion.
Criticism arose, citing obstruction of sky views and collision risks for spacecraft. During the Russian-Ukraine conflict. Elon Musk sent Starlink terminals to provide internet access. Despite refusing to censor Russian state media and defending his stance on free speech. Elon Musk donated 20,000 terminals to Ukraine and costing SpaceX $80 million. Offering continued free Starlink services, an annual expense of $400 million.
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