Elon Musk

Article

May 29, 2022

Elon Reeve Musk (born June 28, 1971) is an American businessman from South Africa. He founded x.com, an online payment service that became PayPal's predecessor, Space X, a private space company, and is an early investor in electric car company Tesla.

Childhood

Elon Musk has been an extensive reader since childhood. He was accustomed to learning on his own from books, and at the age of 10 (1981) he became interested in computing while using a computer called the Commodore VIC-20. When he was 12 (1983) he learned computer programming himself and he created a basic based video game called Blastar. The game is a science fiction-inspired virtual space game created by Musk that was paid $500 from the magazine PC and Office Technology to release the source code for. Musk, unlike other children, had an excellent memory and preferred to read books to play with his friends. As a result, he is said to have been bullied by his close friends. Musk left South Africa and moved to Canada. He entered and studied at Queen's University in Kingston, Ontario, Canada in 1989, and, thanks to his excellent grades, received a scholarship in 1992 and transferred to the University of Pennsylvania. Musk further majored in physics as well as economics there. In 1995, the year he turned 24, Musk enrolled in a PhD in materials science and physics at Stanford University, but was swept away by the Internet, dropping out of Stanford and moving to Silicon Valley.

Activity

Robert Downey Jr., who played the role of Tony Stark during the production of the movie Iron Man, was the person who used it as a motif when designing the character. His current CEO titles are Tesla's Technoking and SpaceX's CEO.

History

Starship's SN20 spacecraft, which was being developed by Elon Musk, succeeded in a geostationary launch test. Tesla CEO Elon Musk donated 2% of his fortune. Elon Musk, the CEO of Tesla, sold about 5.91 trillion won worth of shares.

Zip2

In 1995, Elon Musk and his brother Kimbal Musk founded Zip2, an Internet-based local information delivery system. They served newspapers such as The New York Times and the Chicago Tribune, and sold the company to computer maker Compaq in 1999, four years later. That puts Elon Musk in his hands of $22 million, the equivalent of a 7 percent stake in Elon Musk.

Paypal

In 1999 (28), Elon Musk, who sold Zip2, invested $10 million to start a company called X.com. X.com, a company that provides online financial services, will acquire Confinity, a competitor, within a year. In 2001 (30), Elon Musk decided to focus on the payment service via email (Paypal), which was part of Confinity, as a result of which the company changed its name from X.com to PayPal. A year later, in 2002 (31), PayPal's market capitalization exceeded $60 million, and eBay, an online shopping mall that was paying attention, acquired PayPal for $1.5 billion. As a result, Elon Musk earned $165 million, which became the basis for Musk's subsequent founding of other companies.

SpaceX

In June 2002, Elon Musk founded SpaceX, a private aerospace company. He hired rocket engineer Tom Muller as CTO of the rocket propulsion division, and he became CEO and CTO of other disciplines. initial�