Elon Musk Biography
By: Daniyal Ahmed
Tags: Elon Musk, Spacex, PayPal, Tesla

Elon Musk

Elon Reeve Musk (born June 28, 1971, Pretoria, South Africa) is an American businessman who became the richest man in the world in February 2021 by passing Jeff Bezos behind. He is the founder, CEO, CTO, and chief designer of PayPal, The Boring Company, Tesla, and SpaceX. He founded PayPal, which is the first online money transfer system. He is the first inventor of Electric Cars. He launched a company with the name of SpaceX, which provides the facility of less cost for transportation in space.

Elon Musk at the age of 12 developed a video game called blaster, and he sold the code of that game for $500 which is around $1,500 today. In February 1999 when he was at the age of 27 he sold his first start-up zip2 to Compaq for $300 million. One month later he and his friend Greg Curry founded the company X.COM the first online bank.

PayPal

PayPal

PayPal is an American company that was the product of a merger between X.com and Confinity. X.com was founded by Elon Musk in November 1999 which was not only an online payment system but was an entirely online bank. Confinity was founded by Peter Theil, Max Levchin, and Luke Nosek in December 1998 which provides an online payment system. In March 2000 Elon Musk (CEO of X.com) and Peter Theil (CEO of Confinity) merged the two company’s under the name of PayPal.

PayPal is an online payment platform that provides an easy and quick way to send and receive money online. PayPal is also used for online shopping. PayPal was heavily used by eBay in 2001. In December 2002 eBay purchased PayPal for $1.5 billion as Elon Musk is the largest shareholder of the company Musk received $165 million for his 11.7% shares.

Tesla Motors

Tesla Motors

TESLA MOTORS was established in July 2003 by American business visionaries Marc Tarpenning and Martin Eberhard, the company’s name is an accolade for Serbian designer and electrical specialist Nikola Tesla. In 2004 concerned about the climate crises Elon Musk invested $30 million in Tesla Motor and served as chairman of its Board of Directors. The company had a clear arrangement to produce ease electric vehicles and a high-performance sports car to demonstrate that electric cars were both cool and feasible.

Tesla Motor released its first car in February 2008, the completely electric ROADSTER. The Tesla Roadster had sufficient ability to travel 245 miles on a solitary charge. In the company test, it accelerates from 0 to 60 miles each hour in under 4 seconds. In 2008, Eberhard resigned as CEO and Elon Musk took over as CEO. In 2012, Tesla delivered its Model S sedan. Model S had a speed of up to 300 miles and a reduced charging time. Model S received several awards from automotive and environmental publications.

In 2015, Tesla started the production of its Model X SUV, The Model X is a seven-passenger car known for its falcon doors. Model X can reach a maximum velocity of 155 miles each hour. Tesla introduced the Model 3, which launched in 2017. The Model 3 can reach a maximum velocity of 162 miles each hour. On March 13, 2020, Tesla started delivering its Model Y. Tesla Model Y has an estimated cost of $50,000.

Space X

Space X

Space X is an aviation producer and space transport administration company established by Elon Musk. It was the first commercial financed organization to effectively launch, orbit, and recuperate a shuttle and the first organization to send a shuttle to the International Space Station. In 2001 Elon musk travelled to Russia to buy refurbished intercontinental ballistic missiles. Russians proposed Elon Musk sell one rocket at 8 Million USD. Musk returned to find rockets for an affordable price as he felt missiles are artificially overpriced. On the flight back from Moscow, Musk understood that he could start a company that could build the affordable rockets he required.

In May 2002, Musk started SpaceX with the speculation of 100 Million USD. In 2006 the first SpaceX rocket failed in less than one minute after Lift-Off. In 2007 and 2008 the 2nd and 3rd opportunity to build up the company’s believability also failed. Constantly three failures of rockets pushed Elon Musk to the brink of bankruptcy he had money that could support only the fourth launch. On 28th, September the fourth Falcon 1 rocket was effectively launched and accomplished earth orbit, and Falcon 1 became the first privately developed liquid-fuel rocket to orbit the earth. In December 2008, NASA granted SpaceX a $1.6 billion agreement to handle cargo transport for the International Space Station.

In 2011 SpaceX openly announced the reusable Launcher Program. In December 2015 accomplished a successful landing and recovery of a first stage. In March 2017, SpaceX relaunched the used rocket and brought it back via landing it on a barge floating in the Atlantic Ocean. On February 6, 2018, SpaceX launches Falcon Heavy the most powerful operational rocket with the capacity to lift into space nearly 64 metric tons and with its 27 Merlin engines.

In May 2020, SpaceX successfully launched two NASA space explorers into space on a Crew Dragon spacecraft and became the first privately owned business to send space explorers to the International Space Station. In the Future Musk wants to construct a city of humans on Mars he is exceptionally certain that SpaceX will land humans on Mars by 2026.

Originally published at https://beingexclusive.com