Elon Musk
Elon Musk, a South African-born American entrepreneur who co-founded PayPal and SpaceX, a manufacturer of launch vehicles and spacecraft, was born on June 28, 1971, in Pretoria, South Africa. In addition, he served as the company's CEO and one of the company's earliest significant investors in Tesla.
He displayed early ability for technology and business. At
the age of 12, he created a video game and sold it to a computer magazine.
After obtaining a Canadian passport, Musk left South Africa in 1988 because he
didn't want to take part in the nation's conscription program, which supported
apartheid, and because he wanted to pursue better job possibilities in the
United States.
PayPal and SpaceX:
Prior to going to the University of Pennsylvania in Philadelphia in 1992, Musk completed his studies at Queen's University in Kingston, Ontario. He obtained his bachelor's degrees in physics and economics from there, which he later added in 1997. He enrolled in Stanford University's physics graduate program but dropped out after just two days because he believed that working in the field of the Internet would have a greater impact on society than studying physics. After the computer maker Compaq paid $307 million for Zip2 in 1999, Musk launched X.com, which eventually changed its name to PayPal, a company that specialized in online money transfers.
To construct rockets more cheaply, he founded Space
Exploration Technologies (SpaceX) in 2002. The company's first two rockets, the
smaller Falcon 1 (first launched in 2006) and the larger Falcon 9 (first
launched in 2010), were both designed to be significantly less expensive than
competing rockets. A third rocket, the Falcon Heavy, which made its debut in
2018, was made to lift 117,000 pounds (53,000 kg) into orbit, the Boeing
Company's Delta IV Heavy, for only a third of the price. By replacing Falcon 9
and Falcon Heavy, SpaceX has introduced the Super Heavy-Starship system.
100,000 kilograms (220,000 pounds) would be able to be lifted into low Earth
orbit by the Super Heavy first stage. The payload would be the Starship, a
spacecraft designed to build bases on the Moon and Mars and provide rapid
travel between cities on Earth. The Dragon, a supply vessel for the
International Space Station, was also produced by SpaceX. (ISS). A Dragon
spacecraft has room for up to seven men, and it was used to launch astronauts
Doug Hurley and Robert Behnken to the International Space Station in 2020. In
2020, the Super Heavy-Starship system launched its initial test flights.
Tesla:
When Martin Eberhard and Marc Tarpenning's electric vehicle business, Tesla Motors, was founded in 2004, Musk significantly contributed to the funding of the company. Musk has long been interested in the potential of electric automobiles (later renamed Tesla). 2006 saw the debut of Tesla's Roadster, the company's first automobile. On a single charge, its range was 394 kilometers (or 245 miles) long. It was a sports car that could accelerate from 0 to 60 miles per hour (97 kilometers per hour) in under four seconds, in contrast to the majority of previous electric vehicles, which Musk believed to be stodgy and boring. The company's initial public offering in 2010 generated around $226 million in revenue. In 2013, Musk proposed the Hyperloop in response to his displeasure with the estimated cost ($68 billion) of a high-speed rail system in California. The Hyperloop is a pneumatic tube in which a pod carrying 28 passengers would travel 350 miles (560 km) between Los Angeles and San Francisco in 35 minutes at a top speed of 760 miles (1,220 km/h), almost the speed of sound. Musk asserted that the Hyperloop would only cost $6 billion and could carry the six million passengers who use that route annually with pods leaving on average every two minutes.
Twitter:
In 2009, Musk registered for the social networking site Twitter. As @elonmusk, he swiftly gained notoriety and, as of 2022, had amassed more than 85 million followers. In August 2018, he tweeted about taking Tesla private for $420 per share, expressing his concerns about the firm being publicly listed and claiming to have "secured finance." (The $420 value was seen as a playful allusion to April 20, a day commemorated by cannabis enthusiasts.) The U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Musk for securities fraud the following month, claiming that the tweets were "false and deceptive." Soon later, the SEC's proposed settlement was rejected by the Tesla board, allegedly because Musk had threatened to resign. A harsher settlement was ultimately agreed upon, but the announcement caused Tesla shares to plunge.
In light of Twitter's content-moderation restrictions, Musk
questioned the company's dedication to free speech values. Musk had purchased
more than 9% of the company, per Twitter's SEC filings commencing in early
April 2022. Musk will join Twitter's board of directors, the social media
platform announced shortly after. Musk later revised his offer, making it worth
$44 billion ($54.20 per share) for the entire company.
1. When something is important enough, you do it even if the odds are not in your favor.
2. No, I don't every give up. I'd have to be dead or completely incapacitated.
3. What makes innovative thinking happen?… I think it’s really a mindset. You have to decide.
4. I’ve actually not read any books on time management.
5. It’s OK to have your eggs in one basket as long as you control what happens to that basket.
6. The first step is to establish that something is possible; then probability will occur.
7. 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.
8. I wouldn’t say I have a lack of fear. In fact, I’d like my fear emotion to be less because it’s very distracting and fries my nervous system.
9. I say something, and then it usually happens. Maybe not on schedule, but it usually happens.
10. If you get up in the morning and think the future is going to be better, it is a bright day. Otherwise, it’s not.
11. I think it’s very important to have a feedback loop, where you’re constantly thinking about what you’ve done and how you could be doing it better.
12. Some people don’t like change, but you need to embrace change if the alternative is disaster.
13. I don’t spend my time pontificating about high-concept things; I spend my time solving engineering and manufacturing problems.
14. People should pursue what they’re passionate about. That will make them happier than pretty much anything else.
15. As much as possible, avoid hiring MBAs. MBA programs don’t teach people how to create companies.
16. It’s very important to like the people you work with, otherwise life [and] your job is gonna be quite miserable.
17. Persistence is very important. You should not give up unless you are forced to give up.
18. I don’t create companies for the sake of creating companies, but to get things done.