Who is Elon musk, the inspiring man
Who is Elon musk, the inspiring man
All experiences of extraordinary personalities habitually receive essential events from their beings that direct them to amazing success. Elon has his share of stories as well!
who is Elon musk?
Elon Reeve Musk, the 47-year-old business magnate and investor. Who doesn’t know him? Who doesn’t know his name? I think everyone does but do you know the story behind this big name? The story through which the little boy of Pretoria, South Africa became the business tycoon
Elon Musk’s net worth is$ 42.4 billion freaking dollars and is the 31st richest person on earth according to the Forbes list.
He was also ranking 25st in by the Forbes magazine in the list of most powerful people in the world
who is Elon musk.birth
Elon was born on the 28th of June 1971 in South Africa.
After his parents divorced in 1980, Elon lived mostly with his father. During that phase, he originated an interest in computing with the Commodore VIC-20.
Elon self-learned computer programming and used to sell the code for a video game
he had created called Blastar for $500, to a magazine called PC and Office Technology.
and first moved to Canada to the relatives of his mother in 1989 and attained Canadian citizenship. He began with low paid jobs and somehow survived at the brink of poverty. At the age of 19, he moved to Queens University (Ontario).
Elon Musk studied for two years in Ontario, finally, got the opportunity to relocate to the United States in 1992. He had received a scholarship from The University of Pennsylvania: Penn.
He went on to complete his Bachelor of Science degree in Physics and then also went on to achieve a degree in Economics from The Wharton School.
In 1995, Elon finally moved to Stanford University in California to attain a Ph.D. in applied physics.
after two days to pursue his entrepreneurial aspirations in the areas of the Internet, renewable energy, and outer space.
Elon and his brother Kimbal borrow $28,000 from their father and launch a software company call Zip2 which is a web startup that provided city travel guides to newspapers.
a letter, in February 1999 they sold Zip2 to Compaq computers for $307 million in cash and $34 million in stock options. Elon received $22 million
He invested more than half of his earnings to cofound X.com an online banking service
The merged company mainly focused on the PayPal service. Its early growth was driving mainly by a viral marketing campaign where new customers recruite when they receive money through the service.
In October 2000, Elon was overthrow from his role as CEO (although he remain on the board). This was due to the disagreements with other company leadership over his desire to move PayPal’s Unix-based infrastructure to Microsoft Windows.
All of this happened in late 2000 when Elon took his first vacation in a long time
The merg entity was eventually rename to PayPal in 2001 as well!
And then in October 2002, PayPal sold to eBay for $1.5 Billion in stock, of which Elon, who was the largest shareholder, received US$185 million for his 11.7% stake.
But Pay Pal was not the end of the road for Musk; on the contrary, it was merely the beginning of far more ambitious projects. One being – Space exploration! Elon always wanted to make, sending people to different planets, possible.
And, in 2001, he decided to fulfill it as well.
travel to moscow
He even traveled to Moscow to buy refurbished international ballistic missiles. Russians offering to sell one rocket at $8 million USD.musk felt it artificially overprice.
Elon stormed out of the meeting and returned.
While on his flight back, Elon realized that he could start a company that could build the affordable rockets he needed. Upon calculation, he noticed that the raw materials for building a rocket cost for only 3% of the sales price of a rocket at the time.
Ultimately, with $100 million from his early fortune, in June 2002, Elon ended up founding Space Exploration Technologies, or SpaceX.
He was the CEO and CTO of the California-based company, which aimed to develop and manufacture space launch vehicles with a focus on advancing the state of rocket technology.
Since its initiation, the company has gone on to create a lot of news, for several of its accomplishments. Their first two launch vehicles (Falcon 1 and Falcon 9 rockets), and their first spacecraft (Dragon), became the 1st two privately funded liquid-fuelled vehicles to put a satellite into Earth orbit.
In seven years, SpaceX has also gone on to design a family of Falcon launch vehicles and the Dragon multipurpose spacecraft, which has also berthed with the ISS (International Space Station).
Furthermore, in 2006, SpaceX also received a contract from NASA to continue with the development and test of the SpaceX Falcon 9 launch vehicle and Dragon spacecraft to transport cargo to the International Space Station.
But SpaceX rocket failed in just 33 seconds after lift-off
In 2007 and 2008 the second and third chance to establish the company’s credibility also ended in failure
The failure almost killed the company. musk had money that could only fund the 4rth launch.
The 28th Sep 2008,
28th Sep 2008, the 4rth Falcon 1 rocket was successfully launched and achieved Earth orbit.history was made Falcon 1 became the first privately developed liquid-fuel rocket to orbit the earth
December 23, 2008,Nasa awarded SpaceX $1.6 Billion contracts to handle cargo transport for the international space station, which pans for astronaut transport in the future .in a move to replace Nasa’s space shuttle missions.
After a few failed attempts, SpaceX achieved a successful landing and recovery of a first stage in December 2015
In March 2017, SpaceX relaunched the used rocket and brought it back by landing it in the ocean.it was a perfect landing and all rocket are designed to burn up on re-entry, but SpaceX rockets can not only withstand reentry, but it can also successfully land back on earth and refly again
Musk believes a fully and rapidly reusable rocket is needed to reduce the cost of space travel easily to build a city on the Red planet.
Over the period – SpaceX has grown on to become the, both the largest private producer of rocket motors in the world and holder of the record for highest thrust-to-weight ratio for any known rocket motor.
Presently, Elon is now working on the first unmanned flight of the larger Mars Colonial Transporter (MCT) spacecraft that is aimed for departure to the red planet in 2022. This will be followed by the first manned MCT Mars flight in 2024. He wants to colonize
Elon Musk – Wikipediahttp://Elon Musk – Forbes