Elon (Twitter)Musk, (born June 28, 1971, in Pretoria, South Africa), is a South African-born American entrepreneur who co-founded the electronic-payment firm PayPal and formed SpaceX, the maker of launch vehicles and spacecraft. Elon Musk (Twitter) is one of the greatest entrepreneurs of our time. SpaceX in 2002 and Tesla Motors in 2003. He also served as CEO of Tesla and CEO / Lead Designer at SpaceX.
South African entrepreneur Elon Musk (Twitter) is known for founding Tesla Motors and SpaceX. Which launched a groundbreaking commercial spacecraft in 2012. His astonishing success has given rise to comparisons with other visionary businessmen such as Steve Jobs, Howard Hughes, Henry Ford, and Bill Gates. Musk strengthened its portfolio by buying SolarCity in 2016. And in the early days of President Donald Trump’s administration, he strengthened his position as an industry leader by taking on an advisory role.
Elon (Twitter) was the CEO of electric car maker Tesla as well as one of the first notable investors. In January 2021, Musk (Twitter)surpassed Jeff Bezos as the richest man in the world. Let’s take a brief look at the life of the man behind a group of companies that have disrupted multiple industries.
Elon (Twitter) Key TAKEAWAYS
1] Born and raised in South Africa, Musk spent time in Canada before finally moving to the United States.
2] Elon (Twitter) Musk is the charismatic co-founder and CEO of electric car maker Tesla and rocket manufacturer SpaceX.
3] Elon Musk (Twitter) was instrumental in creating the company that became PayPal.
4] Educated in physics at the University of Pennsylvania, Mask began to wet his feet as a serial tech entrepreneur with early successes such as Zip2 and X.com.
5] Musk has behaved in bizarre ways from time to time and has identified himself with Asperger’s Syndrome.
The early life of Elon Musk (Elon Twitter)
(Elon Twitter) Musk was born to a South African father and a Canadian mother. During her parents’ divorce, when she was 10, Musk developed an interest in computers. Her father was an engineer and her mother was a model and nutritionist. After her parents divorced in 1980, Musk initially lived with her father.
He demonstrated an early talent for computers and entrepreneurship. At age 12, he created a video game and sold it to a computer magazine. His sister, Tosca Musk, is an award-winning producer and director. In 1988, after receiving a Canadian passport, Musk left South Africa. Because he was unwilling to support racism through compulsory military service. And because he wanted the greater economic opportunities available in the United States.
I had a lot of adversity growing up. One of the things I am concerned about with my kids is that they do not face enough adversity, “Mask will say later.
Musk’s College Years
At the age of 17, in 1989, Musk moved to Canada to attend Queen’s University and avoid compulsory service in the South African military. Musk was granted Canadian citizenship that year because he thought it would be easier to obtain American citizenship.
In 1992, Musk went to Canada to study business and science at the University of Pennsylvania. He holds a bachelor’s degree in economics and a second bachelor’s degree in science.
After leaving Penn, Musk went to Stanford University in California to do his Ph.D. However, his move with the Internet boom was quite timely, and just two days later he dropped out of Stanford to be a part of it, launching his first company, Zip2 Corporation, in 1995. Musk became a U.S. citizen in 2002.
Companies of Elon Musk (Elon Twitter)
In 1995 he founded Zip2, a company that provides maps and business directories to online newspapers. In 1999, Zip2 was acquired by Compaq’s AltaVista web search engine for a whopping $340 million. Elon and Kimbal Musk used their Zip2 sales proceeds to find X.com in 1999, an online financial services/payment company.
The following year, an X.com acquisition led to the creation of PayPal, which is known today. In October 2002, Musk made its first billion-dollar earnings when PayPal acquired 1.5 billion in shares of eBay. Prior to the sale, Mask owned 11 percent of PayPal’s stock.
First, he contributed funding—about $70 million. Elon Musk has long been interested in the potential of electric vehicles, and in 2004 he became one of the main financiers of Tesla Motors (later renamed Tesla). Musk then joined engineers Martin Eberhard Marc Tarpenning to help run Tesla Motors.
Founded in 2006, the Clean-Energy-Service Company currently manufactures two rechargeable solar batteries, mainly used for static energy storage. In 2006, Tesla introduced its first car, the Roadstar, which can travel 245 miles (394 km) on a single charge.
Under his watch, Tesla has become one of the most popular and enticing car brands in the world. The company’s initial public offering in 2010 collected about $226 million. In addition to the production of electric vehicles, Tesla maintains a strong presence in the solar energy space for the acquisition of SolarCity.
The company has won further acclaim for its Model X luxury SUV, which hit the market in 2015. Elon (Twitter) Mask tweeted multiple times about privatizing the company in August 2018, noting that he had received “secure funding”. At a maximum speed of 760 miles (1,220 km) per hour in 35 minutes between Los Angeles and San Francisco, almost the speed of sound.
Musk claimed that the Hyperloop would cost only $6 billion and that, with an average two-minute pod drop, the system could carry 6 million people that way each year. However, he said that he could not spend time developing the hyperloop between running SpaceX and Tesla.
In 2002, Musk founded his third company, Space Exploration Technologies Corporation, or SpaceX, with the goal of building spacecraft for commercial space travel. Musk used the money from his PayPal sales to find Space Exploration Technologies Corporation. Commonly known as SpaceX, an interstellar travel agency. By his own account, Musk spent $100 million to found SpaceX in 2002.
In 2002, he founded Space Exploration Technologies (SpaceX) to build more affordable rockets. SpaceX has announced the successor to the Falcon 9 and Falcon Heavy: Super Heavy-Starship system. The payload will be Starship, a spacecraft designed for fast transport between Earth’s cities and to build bases on the moon and Mars.
In addition to being the CEO of SpaceX, Mask was a leading designer in creating Falcon rockets, dragons, and grasshoppers. In early 2012, SpaceX’s Grasper rocket tested several small flights of this type of technology. With SpaceX, Musk landed several high-profile agreements with NASA and the US Air Force to design rockets and conduct military missions. In a joint effort with NASA, Musk has spoken out about plans to send an astronaut to Mars by 2025.
Elon Twitter Says He’s ‘Pro Doge’ Amid Ongoing Web3 Spat
Elon Musk Twitter activity ranges from random memes to critiques of American politicians, as well as a fascinating fascination with popular cryptocurrencies. This morning, he gives his followers something more.
Tesla and SpaceX CEOs described themselves as “pro-doses” in response to a tweet from Dogecoin co-founder Billy Marcus, who accused Bitcoin of being too entrenched in “corporate entities”.
Elon Musk and Jack Dorsey are talking about ‘Web3’
- While still a vague idea, Web 3 has been hailed by fans as a decentralized version of the Internet based on the blockchain, the technology behind many large cryptocurrencies and non-fungible tokens or NFTs.
- Most entrepreneurs around the world are trying to design and build technologies and protocols that will support Web 3.
- Elon Musk thinks Web3 is more of a “marketing buzzword” than reality, while Jack Dorsey argues that Web3 will eventually be owned by venture capitalists.
Tesla CEO Elon Musk and Twitter co-founder Jack Dorsey expressed their thoughts this week on a speculative new iteration of the Internet: “Web 3”. Most entrepreneurs around the world are trying to design and build technologies and protocols that will support Web 3.
Musk tweeted a tweet in 1995 about an internet interview between Bill Gates and David Letterman. Asked: “Given the almost unimaginable nature of the present, what will happen in the future?” He went on to say: I’m not proposing Web3 to be real – it seems like a marketing buzzword instead of reality at the moment.
To the chagrin of Web3 fans, Dorsey indicated that it was already under the control of venture capital firm Andresen Horowitz, an early Facebook supporter and a Web3 advocate. Proponents of Web3 finally want to see the power of the Internet in the hands of the people, not the VCs. Today the Internet is vital to the world economy and plays a role in strengthening everything from nuclear facilities to hospitals.
Looks like Elon Musk is done selling Tesla stock for now
Musk said it sold enough Tesla shares to reduce its stake among EV makers by 10 percent. Elon Musk has disposed of enough shares to reach the goal of reducing his stake in Tesla Inc. by 10%, the head of the electric-car leader said in an interview. “I sold stocks that would be about 10% of my total Tesla stock sales,” he told the satirical website, Babylon Bee.
He has been offloading Tesla stock since asking Elon Twitter followers in November whether he should sell some of his stakes. The move is part of a plan to create cash to cover an estimated $10 billion tax bills in stock options due to mask practice. Late Sunday, Elon Musk Twitter that he would pay more than $11 billion in taxes this year. Musk said he would be able to do his own tax in just a few hours.
His comments to Babylon Bee suggest he has since disposed of yet more stock. Just before the Elon Twitter poll, Tesla dropped nearly a quarter from the top on November 4, with most respondents answering “yes.” Mask, 50, is the richest man in the world at the top of the Bloomberg Billionaires Index with a fortune of $244.9 billion.
Bottom Line- Elon Twitter
Elon Musk works in areas he has identified as important for our future. Internet, in particular, conversion to renewable energy sources and space colonization. By creating PayPal, Tesla Motors has rejected critics, disrupted industries, and made progress on these three frontiers. SolarCity, and SpaceX – all game-changers, despite their occasional rocky performances.
How did Elon Musk get rich?
Musk’s wealth has ballooned partly because he hasn’t sold any of his Tesla stock for years, instead of tapping banks for loans using his stake in the electric-vehicle maker as collateral. His fortune surged by over $10 billion in one day after Tesla became the first automaker to be valued over a trillion dollars.
Why Elon Musk is famous?
How did Elon Musk become famous? Elon Musk co-founded the electronic payment firm PayPal and founded the spacecraft company SpaceX. He became chief executive officer of the electric-car maker Tesla.
Who is Elon Musk and why is he famous?
Elon Musk is a South African-born American entrepreneur and businessman who founded X.com in 1999 (later PayPal), SpaceX in 2002, and Tesla Motors in 2003. Musk became a millionaire when he sold his start-up in the late ’20s. The company, Zip2, is a division of Compaq Computer.
Who Is Elon Musk’s Present Wife?
Elon Musk had two wives but is currently unmarried. Since 2018, she has been in a relationship with Canadian singer/songwriter Claire Ellis Boucher, professionally known as Grimes, with whom she has a son.
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