A successful American businessman of South African origin.
A man who has a name with a tag like ‘Tech Giant’. And obviously, he is one of the most favorite personalities. Not only to me but also in the world where technology is ruling.
And if technology is ruling the world, he is a man who is ruling the technology.
So technically this incredible personality is ruling the world with his out-of-the-box thinking level.
His thinking level is helping him to establish some of the biggest companies in the world. These companies are making him one of the richest people on the planet.
Now, this nice guy is working on becoming the richest person on another planet like Mars.
The story has not finished yet!
Let’s explore his way to boundless success…
Early Life of Elon Musk
On 1971, June 28, Elon Reeve Musk was born in Pretoria, South Africa. His mother Maye Musk is a Canadian model and dietitian. His father Errol Musk is a South African engineer.
He has a younger brother, Kimbal Musk, an entrepreneur, and his younger sister Tosca Musk is a filmmaker.
All of the members of the Musk family are well established in their way! Elon Musk is the member of his family who has taken it so high, I mean his success is now outside of our world! Soon it will touch the ground of another planet.
But his family was broken when a divorce separated his father and mother, he was only 9 at that time.
Musk was staying with his father in Pretoria. After two years of his parent’s divorce, Musk found his father a terrible person and he left.
At the age of 10, little Musk learned computer programming.
He built a game called Blaster at the age of only 12 which he sold then for $500. I’m already a big fan of this child who has later changed the world.
Elon Musk went to different educational institutions in South Africa, Canada, and United States. He has a solid educational background.
Elon Musk’s first wife was a Canadian author Justine Wilson whom he married in 2000. They had a divorce in 2008. Nevada Alexander Musk was their first child who died after 10 weeks of his birth. They have 5 more sons. Musk and Wilson share custody with their children.
Musk then started dating an English actress Talulah Riley in 2008. They got married in 2010 and their second final divorce was filed in 2016.
In 2017, Musk dated Amber Heard when she was already married to the famous American actor Johnny Depp.
Now Musk is married to the Canadian musician Grimes. In 2020, Grimes gave birth to their child.
They set a name like “X AE A-XII” where “X” is the first name and the rest of it is the middle name. Only they know what is the meaning of this confusing name!
Business Startup & Boost Up
Elon Musk has had a lot of frustration and disappointment in his entire life. For that, he has worked hard from a young age to establish different types of companies and set up his name value.
There are a lot of words to say about his business career that motivates me also! His work ethic is inspiring millions of entrepreneurs.
Let’s get started with his first company among some well-established companies…
Elon Musk and his brother Kimbal founded this company in 1995. At that time they were working in a small office with a small investment from an angel investor.
Zip2 was an internet-based city direction guideline company. Elon Musk and his brother tested the potential of internet business. Then they set up this company with a tiny investment that made them rich.
They had a single computer where Elon coded at night and turned the server on in the morning.
The Musk brothers couldn’t pay for an apartment. So they rented a little office where they worked and lived.
In 1999, Zip2 was sold to Compaq for $307 million. Elon Musk got his 7% share of the price which is around $22 million.
X.com was one of the first online financial companies in 1999. Elon Musk was a co-founder of that company.
Musk was removed from the company when the investor found him not having enough experience to run the company. But later Elon Musk returned as the CEO of X.com merged with PayPal.
Then he was again removed from his position by the board.
PayPal was sold to eBay in 2002 for $1.5 billion. Elon Musk has taken the largest share of 11.7% and an amount of over $100 million from the company.
Space Exploration Technologies Corp. (SpaceX) is one of the biggest private space research organizations owned by Elon Musk.
After getting his share from the sale of PayPal, Musk founded this company in May 2002 to bring a revolution in the space industry.
Musk was with an organization called Mars Society and he got a deep interest to colonize planet Mars with his funding.
He and his team visited Russia two times to have a deal with refurbished rockets that could carry greenhouse payloads into space.
But Musk decided to have his own company that could build affordable and hi-tech rockets. Then he set up SpaceX.
The organization has changed the game of the space industry.
SpaceX had three tests that failed with a loss of huge money. The remaining money of the company was able to operate one more flight.
The game could be over for Elon Musk if he would fail the fourth test.
Yes, he passed the test and his SpaceX open up a new era of space technology in history.
On the fourth flight of SpaceX, they sent Falcon 1, the first private liquid-fueled rocket in the Earth Orbit in 2008.
For that, they got a contract of $1.6 billion from NASA to deliver cargo to International Space Station (ISS) by their Falcon 9 rocket and Dragon Spacecraft.
In 2015, SpaceX achieved its goal to produce reusable rockets by a successful landing of a Falcon 9 rocket stage after traveling space. It was a revolution for space technology.
Now Musk’s SpaceX is the best private space research company globally and is on its way to colonizing Mars. The huge success behind SpaceX is the ‘Not Giving Up‘ mentality of Elon Musk.
In today’s world, Tesla Motors is one of the most famous car companies.
Tesla usually produces electric-powered cars/supercars. It is actually clean energy and electric car producing company.
Elon Musk was involved with the company in 2003 as a co-founder. Then he became the chairman of the board of directors in Tesla with a $6.5 million funding contribution. He was the largest contributor.
The company has produced different successful models of electric supercars. Last year Tesla had a profit of $721 million.
Elon Musk was interested to build a link between the human brain and artificial intelligence (AI) technology. This sounds like science fiction movies from Hollywood.
To make this real Elon Musk launched a company called Neuralink Corporation in 2016. The company has hired front-listed neuroscientists from high-ranked universities.
With a fund of $158 million, in 2019, they build a team of 90 employees to research and implement concepts to the reality.
Their goal is to build machines with intelligence like the human brain. For that, they have already done different successful projects.
So soon the conceptual technologies from movies are coming to reality.
Revolutionary Elon Musk Projects
There are a lot of people in this world. But some of them create their path to make a difference. Elon Musk is one of them who is changing the world with his revolutionary projects. Let’s explore some of them…
For global people, the Internet is one of the most vital parts of day-to-day life.
The internet connection we are using now is depending on a worldwide cable connection that is not accessible for many rural areas.
Elon Musk has planned to make internet accessibility for every corner of the world via satellite connection.
Musk’s space organization SpaceX is the coordinator of the project.
They will cover the earth with more than 30000 small satellites step by step.
SpaceX has already sent more than 1000 satellites towards the earth’s orbit.
The construction is still ongoing.
Elon Musk’s Tesla acquired this company in 2016 with a cost of around $2.6 billion. Then he started the solar business as Tesla Energy.
SolarCity usually produces solar power generating systems. Tesla Energy merged its battery production with solar power production. Even Tesla Motors is well authenticated with SolarCity.
The project now has a goal to deliver door-to-door solar power. For that, they already have one of the most high-tech and largest facilities for gathering solar power.
Producing electricity from other sources is becoming a threat to the earth’s health because of their pollution rate.
If SolarCity’s revolutionary project can produce sufficient power from an environmentally friendly source, it could be the best news for the planet.
This project is a next-level thing. It’s a game of speed!
Elon Musk has a plan to build a sealed tube with low air pressure. A conceptual train transportation system called Vactrain could travel inside of the airless tube without any friction.
The train could travel at a speed of more than 6,400 – 8,000 kilometers per hour (4,000 – 5,000 miles per hour). The project is called Hyperloop.
Musk deploys engineers from Tesla and SpaceX to change a concept into reality. They have already submitted the primary design and plans for the project. The construction is now ongoing.
The history of the World’s transportation system could change if the project becomes successful.
➨ At the age of only 12, Elon Musk built a video game named Blaster which he then sold to a magazine for $500. He learned coding so well at that age.
➨ Elon Musk is a fan of James Bond and he brought a James Bond car Lotus Esprit from 1977.
➨ In 1995, Musk went to Stanford University for becoming a graduate in applied physics. But at the same time, he was influenced by the potential prosperity of internet business and he opened Zip2. He only spent 2 days at Stanford University.
➨ He was bullied in school. Musk was the smallest person in the class with a less talking attitude.
➨ Elon Musk has become the richest person on the planet in January 2021 by beating Jeff Bezos. At that time he had a net worth of around $185 billion. Then after a few days, Amazon’s founder reclaimed his position.
A school-bullied and less talking child is now one of the greatest businessmen in the world. Elon Musk is also an inspiration for most young people.
In the movie, Iron Man is a wealthy character with both money and technology. That’s why Elon Musk is considered The Real Iron Man with a large amount of cash and higher technology.
Elon Musk donates over $25 million to different non-profit organizations to ensure social welfare.
He is trying everything possible with technology in a pollution-free way. So that the earth could breathe properly.
Musk declared that he will donate $100 million to the people who can develop the best carbon capture technology.
In this era, I can say that more people are stepping forward to do something great for this planet and human beings. A huge inspiration behind this is coming from people like Elon Musk.
Source – Wikipedia