Elon Musk

Elon Musk

Businessman - Intermediate



E lon Musk is the real-life Iron Man with $11.5 billion in the bank and as of 2018 operating three very important tech companies. This engineer, businessman, and inventor was born in South Africa in 1971. He loved to read and play with computers when he was young. He taught himself computer programing and made a computer game called, “Blastar” when he was twelve years old. He then sold the game for $500. You can find and play a version of the game online today. When he was a teenager his family moved to Canada and he later went to the United States for university. He studied economics and engineering from the University of Pennsylvania. In 1995, after receiving two university degrees, he decided to start a Ph.D. program at Stanford. He quit after the second day to start a business similar to Google Maps (Google Maps did not exist in 1995) with his brother. They borrowed $28,000 from their father to begin. A few years later the company sold for $307 million. Elon earned $22 million in the deal.

His next business was in online banking. In the mid-1990 online shopping was just starting out and people needed a way to pay for things online. In 1999 Musk co-founded PayPal, currently one of the world’s largest online banking systems. The online auction site, eBay acquired PayPal in 2002 for $1.5 billion in stocks. Elon made $165 million from this deal.

In 2002 he started the company, SpaceX which designs and manufactures rocket technology among other things. They want to reduce the cost of space travel and expand life beyond the planet earth. The company currently has a $1.6 billion contract with NASA.

In 2003 he co-founded Tesla Inc. a company that specializes in electric cars, solar power, and Lithium-ion battery storage. Tesla’s most well-known car, the Model S is one of the safest cars ever made and is extremely fast. It can go from 0-100kph in 3.2 seconds. Tesla also has free charging stations all across the United States. If you have a Tesla you never have to pay for gas or electricity. They are also working on autonomous cars. That means cars that can drive themselves! Many people think this company will change the future of transportation.

Source: https://www.biography.com/people/elon-musk-20837159

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