Short Stories

Elon Musk isn’t complaining, he is changing the world.

Share!

Varidhi Yadav

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 we know owning and cofounded of many, many companies.

Elon Musk’s net worth is 19.8 billion freaking dollars and is 46th richest person on earth according to the Forbes list. He was also ranked 21st in by the Forbes magazine in the list of most powerful people in the world in December, 2016.

Musk was a fond of reading and developed a great interest in the computing with the Commodore VIC-20 and taught himself all the computer programming at the age of 10.

When comes to being a businessman, Musk started pretty young considering he sold his first ever code of BASIC-based video game he created which was called Blaster to a magazine for around 500 dollars. The web version of this game is still on the internet, in case you are curious.

elon musk young

Even though Elon had a great mind, he was constantly bullied during high school. Once even to the extent of getting hospitalized after being pushed down the stairs and beaten up to the point of unconsciousness.

He did not wish to go through the mandatory service in the South African military which is why even after his father really wanted him to continue his studies in Pretoria, he went on to move to Canada since it is easier to enter USA through there. He studied in Queen’s University then moved on to the University ofPennsylvania in 1992 to pursue degrees in Business and physics.

zip2

Elon Musk also decided to pursue a Ph.D. in applied Physics but dropped in just two days to start as an entrepreneur and launched his first company called Zip2 corporation. The company did wonders with the angel investors, got famous amount newspaper publishers such as the New York Times and Chicago Tribunes.

And though he wanted to become the CEO of the company, he never did and the corporation for later bought by someone else giving Elon 22 million dollars, which was his 7 percent of the shares.

paypal

When this chapter closed, he opened another called X.com which was like an online bank for money transfers and online payments. This waslater merged with the Confinity which was running a similar thing called PayPal and they officially kept the brand name PayPal for the whole thing in 2001.

Before the company was bought by eBay, Musk was the largest shareholder with 11.7 percent of it which is why he received 165 million dollars out of that 1.5 billion from eBay. Do you see the heights this man touched in no time? And well, the story doesn’t end here, does it?

After a slight setback of a collaboration which didn’t go his way was later and he stormed out of a meeting Moscow, on his flight back home he made an entire business plan of how he can start his own company to produce rockets. With his 100 million dollars of fortune, he could make it happen and gain up to 70 percent of gross margin.

Space Exploration Technologies or SpaceX

With this thought, Elon Musk founded Space Exploration Technologies or SpaceX in May 2002 and became the chief executive officer (CEO) as well as chief technology officer (CTO) of this Hawthorne California based company. The first two launches collaborated with NASA were Falcon 1 and Falcon and a space aircraft called Dragon. In seven years of time, the company produced an entire family for Falcon rockets and Dragon air crafts.

Tesla motors

Tesla motors incorporated in July 2003 by Martin Eberhard and Marc Tarpenning and was lead by them until they faced major financial issues during the great depression of 2008 that’s when the shareholder Elon Musk came into picture and took the position of CEO and product designer in the company.

SolarCity which was founded by his cousins in 2006 was the second largest source of solar power in the United States by 2013 and in 2016, Tesla Inc. acquired the company and is now wholly owned by it. The basic motivation for merging the two was to help combat global warming. They have come together and are currently working on electric vehicles with maybe solar system, well, it’s still in progress.

Then came various other things on the way like GigaFactory, Hyperloop, Open AI (non profit artificial intelligence), Neuralink (a Neuro technology startup) and of course the Boring Company. So basically Elon Musk, the amazing business tycoon has come a long, long way since that video game code he sold for five hundred dollars

elon musk companies

Currently, Elon Musk is the founder, CEO, and lead designer of SpaceX; co-founder, CEO, and product architect of Tesla, Inc.; co-founder and CEO of Neuralink; and co-founder of PayPal.

Need to know full Biography of Elon Musk?

Share!

Leave a Reply

avatar
  Subscribe  
Notify of