Elon Musk is the founder and CEO of SpaceX, the first private space company in the world.
Elon Musk is CEO and product architect of Tesla; CEO and owner of Twitter.
According to the Bloomberg billionaires index and real time billionaires list, his net worth is around 139 billion dollars (about $430 per person in the US) as the December 23,2022.
Early life
Elon Musk was born on 28 June 1971 in Pretoria, South Africa. His father, Errol Musk was from South Africa and His mother Maye Musk was from Kannada. Elon Musk was interested in computers since childhood. At the age of 12, he developed his first video game and sold it to a magazine company ‘pc and office technology’ for 500 dollars. In June 1989, he went to Canada, where he lived with his cousin for 1 year worked in farm and limber mill. He completed his bachelor’s degree in physics and economics in 1995 from the University of Pennsylvania.
Suffer to a businessperson
Elon Musk founded a software company called ‘zip-2’ with Greg Couri in 1995. By providing maps and directions, this company sets up a two-way communication for the newspapers publishing industry by which users and advertisers could connect with each other. A product of zip-2 which was called auto guide, served to connect online newspaper users with local dealerships or even private party car sellers.
Elon Musk himself says that he had to work seven days a week to build this company. The company’s website was functional during the day and Elon Musk used to coding all night to support the usage.
Musk founded x.com, an online financial services and email payments company in 1999. This company saw great growth from its start. Over 2 lakhs customers added in the first month alone and finally x.com changed into PayPal.
Establishment of SpaceX
In 2001, Musk joined a non-profit Mars society that plans to place a growth chamber of plants on Mars to support human civilization. Elon Musk is so impressed with this idea that he agrees to fund the project. To reach Mars, this growth chamber needed a highly sophisticated and efficient rocket. For this, Musk goes to Russia in October 2001. Elon Musk’s plan was to buy an intercontinental ballistic missile from Russia which would be improvised into a rocket carrying payload to Mars. He meets people like Kosmotras and Lavochkin companies. But he was used to being rejected by the chief engineers of these companies. In February 2002, musk again goes to Russia for purchase ICBM. This time it is possible but Russian companies demands 8 million dollars for one ICBM. Due to this high demand, Musk decides to set up his own company that will be able to make affordable rockers.
In May 2002, Elon Musk founded a space exploration technologies corporation with 100 million dollars capital. It is known as SpaceX.
In 2006 space X launched its first rocket ‘Falcon 1’ which failed. After this other two attempts also failed. It was a bad phase for Elon Musk. but in 2008, SpaceX Falcon 1 was successfully placed at the Earth orbit. With this launch, Falcon 1 became the first private liquid fuel rocket in the world. After this, NASA conferred a commercial contract to the space X worth 1.6 billion dollars for commercial supply services. Under this, SpaceX had to deliver cargo for NASA to the international space station. Other than this, in 2012, dragon spacecraft of space x becomes the private vehicle of world which joins international space station.
In 2015, SpaceX succeeded in landing Falcon 9 showing the successful development of reusable rockets. To make reusable rockets, it was a vision of Elon Musk. He wanted to make reusable rockets. In any space exploration, rockers are most costly equipment. making them reusable, Elon Musk wanted to make space exploration as cheap as possible.
In 2020, SpaceX also launched crewed flight ‘Demo2’. With this, SpaceX became the world’s first private company to send humans into space.
Since 2015, SpaceX has also been working to set up ‘star link’, a satellite constellation which will supply satellite-based internet services.
Tesla and other initiatives
Tesla motors was originally incorporated by Martin Eberhard and marc Tarpenning. Elon Musk joined this company in July 2003. In 2004, with investing 6.5-million-dollar, Musk became the major shareholder. After the 2008 fiscal crisis, Musk was made CEO of Tesla. Tesla majorly manufacturers and designs electric devices like as electric cars, battery energy storage and solar panels etc. Under Musk’s leadership, Tesla manufactured its first sports car- roadster in 2008. After this Tesla launched several cars models one after the other included with models, model X and model 3. Today, Tesla’s model 3 is the best-selling electric car whose more than 5 lakhs units delivered. Today, Tesla is the world’s most valuable motor company with a one trillion-dollar market cap.
Solar City
Alone mask also invested in “solar City” which was founded by his cousins Lyndon and Peter Rive. The main goal of this company was to take solar generated energy to every household in America. By 2013, solar City became the second largest solar power system provider in the USA. In 2016, Tesla got it at the cost of 2.6 billion dollars.
Artificial intelligent
Elon Musk has always been concerned about Artificial Intelligence. Elon believes that till now we have not learned to control Artificial Intelligence properly and in the coming times it can become a threat to humanity. In 2016, Elon also founded a neurotechnology company –Neuralink in the artificial intelligence sector Which can integrate AI to the human brain. If we say in simple language, a device through which we will be able to give instructions to a machine with the help of your brain. For this, we will not need to speak or do any kind of moment, rather you will be able to run a machine only by thinking.
The Boring company
In 2016, Elon Musk founded the boring company for construction of tunnels. The goal of this company is to develop hyperloops through tunnels to cut travel time. In which extremely fast transportation service can be made available. With the help of these hyperloops, it will be possible to travel for hours into some minutes.