The great entrepreneur Elon Musk born on June 28 in
Pretoria, South Africa. He is the
South-African Born, American Entrepreneur. Elon Musk is the Co-founder of the
PayPal which is the popular money-transfer service for all the web-consumers.
He also founded Space X, maker of launch rockets and space crafts. He was also
a significant investor and chief executive producer at the biggest electric
cars company “Tesla”.
The ultimate success
of Elon Musk has given comparisons to the Henry Ford, Howard Hughes, Steve Jobs and Bill Gates etc. People say that the Musk used to work 80-120 hours
a week. He has a tenacious and single-minded vision.
The net worth of Elon Musk is 153.5 billion US Dollars.
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| Elon Musk |
According to an estimate, Elon Musk could be the world’s
very first trillionaire.
The simple biography of Elon Musk is:
Born on: June 1971
Children: 7
Citizenship: South African, Canadian, American
Married: Twice
Founder of: PayPal, Zip 2, Open AI, Space X,
Neuralink, Tesla, The Boring company, Starlink
Let’s have a look on the early life of Elon Musk and
the education of a man behind the strings of companies.
Family
background and childhood in South Africa:
Elon Musk was born on 1971 in South Arica. The father of
the Elon Musk was South African and the mother was Canadian. His father was an
engineer and his mother was a model. He was the oldest in his three siblings.
The brother of Elon Musk is Kimbal Musk who is a venture capitalist and environmentalist. His sister is Tosca Musk who is an award
winning director and producer.
His parents divorced when he was a child. He started
school at early age. He attended the “Private Waterkloof Preparatory School”
but later graduated from the Pretoria High school of boys. He loved reading and
was a huge fan of comics. He was bullied in the school and withdrew to his books
at the expense of his social life.
“For
some reason they decided that I was it, and they were going to go after me
nonstop. That’s what made growing up difficult. For a number of years there was
no respite. You get chased around by gangs at school who tried to beat the out
of me, and then I’d come home, and it would just be awful there as well.”, Musk
said
Video Game in Childhood:
He displayed an early talent of Computers and
entrepreneurship at the early age and made a video game at just the age of 12
and sold it to the computer magazine for $500.
Musk with his brother planned to open a video game
arcade near the school. But ultimately their parents nixed the plan. But
apparently the only thing which was stopping them was a city permit, for which
an adult had to apply.
Left
South Africa:
In 1988, after obtaining a Canadian passport, Musk
left South Africa because he found the greater economic opportunities in USA at
that time. He would later obtain Canadian citizen through his mother
Education
in U.S.
Musk attended Queen’s university in Kingston, Ontario. In 1992, Musk transferred to University of Pennsylvania,
Philadelphia. He enrolled in graduate school in Stanford University, California
in physics.
Musk
graduated from Wharton School. He was graduated in the bachelor of Science in
Physics as well as bachelor of Arts in economics. It was physics which made
deepest impressions on his mind. “Boil things down to
their fundamental truths and reason up from there.” He said later.
Musk was 24 years old when
he moved to California for obtaining the degree of PHD in applied physics but
he left the program just after two days because he realized that the internet
has more potential to revolutionized the World than physics.
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| Education of Elon Musk |
Marriage
with Justine Wilson:
When Musk enrolled in Queen’s University. It was there
that he met Justine Wilson which was an aspiring writer. Justine Wilson became
the first wife of Elon Musk. They had five sons together before divorcing later
in 2008. The sons were twins and triplets.
Founding
of Zip 2 and PayPal:
In 1995, he founded his
first company “Zip 2”, a company which provide maps and business directories to
online newspapers.
In 1999, Zip was bought by a computer manufacturer
company for $300 million. Then, Elon founded a financial service company “X.com” which was later called “PayPal”. The PayPal was specialized in
transferring money online. Then, the e-bay
bought PayPal for $1.5 billion in 2002.
Space
X:
Space X
Elon Musk was long convinced for the life to survive.
He thought the humans should the multi-planet species. Elon Musk was
dissatisfied with the very expensive rockets launchers. To make affordable
rockets, he founded Space exploration technologies (Space X) in 2002.
The first rocket of Space X was Falcon I which was launched
in 2006. The second rocket Falcon 9 which was launched in 2010. These rockets
were cost-less as compared to the other rockets.
The third rocket was Falcon Heavy which was first
launched in 2018 was designed to carry the weight of 53,000 KGs The falcon
Heavy could lift the weight twice than its largest competitor, Boing’s company
Delta 4 Heavy. The Space X announced the successor to the Falcon 9 to the
Falcon Heavy: the super Heavy Starship system.
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| Falcon Heavy |
The Super Heavy was designed for fast transportation
between the cities of Earth and also on building bases on the Moon and on the
Mars. The super Heavy first stage would be capable to lift the weight of
100,000 KGs in lower orbit of Earth.
Space X has also developed the Dragon Spacecraft which
carries supplies to the international space station (ISS). Elon Musk developed
a reusable rocket to decrease the expense of space flight that could lift off
and then return to the pad from which it launched. Space X made Grasshopper in
the beginning of 2012 to made some short flights to test such technology. In
addition to being the CEO of Space X, Musk was also the chief designer in
building the Falcon, Grasshopper and dragon rockets. The Space Xis being
developed day-by-day.
Also read: The inspirational story of bill Gates
Tesla:
Tesla
As Musk is made for making the innovations. Musk had
been interested in taking the possibilities of electric cars. In 2004, Elon
Musk became the one of the major founders of the Tesla Motors and later on called Tesla. Tesla is an electric car
company founded by the famous entrepreneurs “Martin Eberhard and Marc
Tarpenning”. The first car of the Tesla was Roadster in 2006, which could travel 245 miles in just a single
charge. Musk’s thought about the electric cars were very unique. Roadster was a
sports car which could go from 0 to 60 miles per hour in less than four
seconds.
In 2010, the Tesla’s initial public offering was
raised about $226 million. After two years, Tesla introduced the Model S sedan,
which was acclaimed by the automotive critics for its performance and also
design. Tesla became famous for its Model X luxury SUV which went in to the
market in 2015. Then, a less-expensive vehicle went to the market in 2017.
In August 2018, Musk made a series of tweets about
taking the company rivate, nothing he had secured funding. The following month
the U.S. SEC sued Musk for securities fraud, alleging that the tweets were
false and misleading. Thereafter, Tesla’s board rejected the SEC’s proposal
settlement reportedly because Musk had threatened to resign. However, the news
became a source that the harsher deal with ultimately accepted. Its terms
included that Musk stepping down as a chairman for three years, though he can
continue as a CEO.
Elon Musk in 2013 proposed an alternate faster system
because he was dissatisfied with the project cost of $60 billion of a high
speed rail system in California. The alternate was a Hyperloop which was pneumatic
tube in which a pod carrying 28 passengers would travel the 350 miles between
San Francisco and Los Angeles in just 35 minutes at a top of 760 miles per hour
which is nearly equal to the speed of light.
Musk also claimed that the Hyperloop will only cost
$billion and with the pods departing every two minutes on average, the system
could accommodate six million people who travel that route every year. But he
stated that between the development of Space X and Tesla, he could not devote
time to Hyperloop.
Also read: The success story of Steve Jobs- Apple founder
The
solar city:
Elon Musk founded SolarCity in July 2006.The solar
city was a publicaly traded company which sold and installed solar energy
generation system as well as other products.
Neuralink
and Starlink:
Neuralink
Elon Musk founded Neuralink in 2016 and publically
reported it in 2017. Since, it is founded Neuralnk is hiring very professional
neurologists from various universities. Neuralink was made to aimed the life
threatening diseases. Musk defined the neural lace as a "digital
layer above the cortex" that would not necessarily imply extensive surgical
insertion but ideally an
implant through a vein or artery.
Musk
founded Starlink which is a satellite internet constellation being operated by
Space X providing satellite Internet access. The constellation will consist of
thousands of mass-produced small satellites in lower orbit of the Earth, which
communicate with designated ground transceivers.
Elon Musk and Grimes:
Elon Musk and Grimes surprised the world by their union in 2018. In recent, Grimes gave
birth to the son of Elon Musk. There is a huge controversy in last few days
about the name of their son because the name was actually weird. Their son name
is “X-Ash-A-12”. His nickname is “X”.
Future
plans of Elon Musk:
With his great company Space X, Musk has landed some
high quality contracts a lot of time with NASA and the U.S, Air force to design
rockets and conduct military missions. Musk has a strong intention about his
plans to send an astronaut to Mars by 2025 in a collaborative effort with the
NASA.
With the development of electric vehicles, Tesla also
maintains a robot presence in the solar energy space thanks to its acquisition
of Solar City, founded in 2006. The solar city is the clean-energy-services
company currently producing two rechargeable solar batteries, mainly used for
stationary energy storage purposes. The small power wall was developed for home
backup power and off-the grid use, while the larger power pack is intended for
commercial or electricity utility grid use.
The
bottom line:
The early interest of Elon Musk was in reading
philosophy, science fiction and fantasy novels which is the cause of his sense
of idealism and concern with the progress of the world. He aimed to work on the
projects that are crucial to our future. His main focuses are internet, the
transition to the renewable energy sources and space and Mars colonialization.
He has defined critics and made advances in all the above frontiers.
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| Elon Musk Biography |
Elon Musk is the man who has left no field in which
his is not involved. His successful life is model for all the growing
entrepreneurs. I advise you to learn from his life, work hard and revolutionize
the whole world. We should follow the secrets of Elon Musk to achieve success.
Also read: The success story of Jack Ma- the Alibaba’ owner.
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