Elon Reeve Musk is a South African-American entrepreneur and businessman who founded X.Com (later PayPal), SpaceX, and TESLA MOTORS in 1999, 2002, and 2003, respectively. When he sold his startup Zip2 to Compaq Computers Co. before he was 30, Musk became a multi-millionaire.
Elon Musk created a video game at the age of 12 and sold it for $500; today, at the age of 30, he is a billionaire. Elon Musk was ranked 5th on the list of the world's wealthiest people in November 2020, but he recently becomes the world's wealthiest person.
When SpaceX launched a rocket in May 2012, it became the first commercial vehicle to reach the International Space Station. With the purchase of Solrsiti in 2016, he strengthened his portfolio, and President DONALD TRUMP, who served as an adviser in the early days of the administration, emerged as the Nibakr Industry's leader.
Early Life:
Elon Musk was born on June 28, 1971, in Pretoria, South Africa's Transvaal state. Young and lonely Musk had a difficult childhood relationship with his father. Nonetheless, despite his parents' divorce in 1980, he chose to remain with his father and support him.
Musk Had A Difficult Upbringing. Along with the chaos at home, his friends teased him at school, and one day his classmates severely beaten him.
Musk gave up his studies because he was troubled by all of this. Musk Was Able To Read Two Encyclopedias At The Same Time Due To His Sharp Mind And Flashing Memory. Could recall every detail.
Education:
He graduated from Queen University at the age of 17 and was transferred to the University of Pennsylvania after two years. In 1992, he earned a Bachelor of Science in Physics from the university. Elon Musk arrived in California in 1995 to pursue a Ph.D., but he only stayed for research and went on to become a successful entrepreneur.
Career:
Along with his brother, Elon Musk founded the firm ZIP 2 in 1995. Elon Musk received 22 million dollars from his 7% part of ZIP 2 when it was purchased by Compact Company for a hefty sum of 307 million dollars. Then, in 1999, he invested these funds in a company called X.COM, which later became a financial services firm.
Then, in 1999, X.COM Confinity merged with the company, and the name of that company became Paypal, which is now well-known to everyone. It was then purchased by eBay, and Elon Musk received $165 million after selling it.
After ZIP 2, X.COM, Elon Musk started the third company named SpaceX. Elon Musk wanted that humans could now live on planets other than Earth, they wanted to start it from Mars.
As a result, he traveled to Russia to purchase Rocket. They received a proposal for $ 8 million, which they thought was too expensive, so they began negotiating, but their offer was rejected, so they went back and forth, wondering why they should start this firm in the first place.
He began studying for this purpose, and after completing his studies, he founded the SpaceX corporation. He then developed a reusable rocket, and when he launched it, the rocket's engine caught fire, causing him great harm.
He then launched Rocket for the second time, traveled to Rocket Space, but was unable to reach the Orbit, and as soon as he went to Space for the third time, he exited Rute.
They suffered so badly three times that the company lost all of the money they had received. Elon Musk sold his home bar and moved into a rented apartment, and with that money plus a loan, he relaunched Rocket for the final time, and it was a success this time. NASA also granted them a $1.5 billion project and told them that they would be working for them.
Let's see what Elon has given to the world off inspiration:
1. When something is important enough, you do it even if the odds are not in your favour.
2. I do think there is a lot of potential if you have a compelling product and people are willing to pay a premium for that. I think that is what Apple has shown. You can buy a much cheaper cell phone or laptop, but Apple’s product is so much better than the alternative, and people are willing to pay that premium.
3. If you’re trying to create a company, it’s like baking a cake. You have to have all the ingredients in the right proportion.
6. When Henry Ford made cheap, reliable cars, people said, ‘Nah, what’s wrong with a horse?’ That was a huge bet he made, and it worked.