Article published by : konto rara on Tuesday, October 15, 2019 - Viewed 117 times

Category : Business

Biography Of Elon Musk



The South African businessman Elon Musk is renowned for establishing Tesla Motors and SpaceX in 2012.

Elon Reeve Musk is an American South African businessman who established X.com in 1999 (later PayPal), SpaceX in 2002 and Tesla Motors in 2003.By the end of its 20s, Musk became a multimillionaire when he sold his Zip2 startup to a Compaq Computers division.

Musk’s mother, Maye Musk, is a Canadian model and the oldest woman to star in a Covergirl campaign. When Musk was growing up, she worked five jobs at one point to support her family.

Musk's dad, Errol Musk, is a rich engineer from South Africa.

Musk spent his early childhood in South Africa in the company of his brother Kimbal and sister Tosca. When he was ten, his parents divorced.

Musk migrated to Canada in 1989 at the age of 17 to go to Queen's University to prevent compulsory army service in South Africa. In part because he felt that it would be simpler to achieve American citizenship through this route, he acquired his Canadian citizenship that year.

In 1992 Musk left for the University of Pennsylvania to study company and physics. He graduated from the Bachelor of Economics and completed a second Bachelor of Physics.

Musk went to California Stanford University to study a PhD in power physics after leaving Penn. He left Stanford just two days later, starting his first business, Zip2, in 1995. However, his move was completely tuned to the boom in the Internet, and he left Stanford. Musk became a U.S. citizen in 2002.

In 1995 Musk and his brother Kimbal Musk introduced his first business, Zip2 Corporation. Zip2 was quick to provide information to both the New York Times and the Chicago Tribune as an internet town guide.

In 1999, Compaq Computer Company purchased Zip2 in money for $307 million and inventory choices for $34 million.

The cash from Zip2's sales was used by Elon and Kimbal Musk in 1999 to create X.com, a internet corporate / payment business. The following year's X.com purchase resulted to the development of PayPal.

In October 2002, when PayPal was purchased by eBay for an inventory of $1.5 billion, Musk won its first billion. Musk owned 11% of PayPal stocks before sales.

In 2002, Musk established his third business, the Space Exploration Technologies Corporation or SpaceX, to build commercial spacecraft.By 2008, SpaceX was well known and NASA awarded the company the agreement to manage cargo transportation in order to substitute the NASA space shuttles missions for the International Space Station – with plans for future astronaut transportation.


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