Elon Musk is an American industrial engineer and American entrepreneur.
What organizations did Elon Musk own and run as CEO?
3. Tesla Motors.
5. The Boring Company
7.AI and Neuralink
They are Following Companies are CEO & Ownerd .Musk Wealth net worth is 281.6 billion USD and top of billionaires in the world.
Elon’s mother was Canadian, and his father was African. Her father’s name was Errol Musk, and her mother’s name was Maye Musk.
Elon was born on 28 June 1971 in Pretoria. Elon Musk’s real name is Elon ReeveMusk.He was raised in South Africa, and his father was an electromechanical engineer, pilot, sailor, consultant, and property developer
. Elon had a younger brother named Kamble, born in 1972, and had a sister named Tusca, born in 1974. After his parents divorced in 1980, Musk mostly lived with his father in Pretoria
Musk met his first wife, Canadian Author Justin Wilson, at Queen’s University. They married in the year 2000. Musk had malaria during the holidays in 2000. He had a son in 2002, whom he named Alexandra Musk Nevada. Her kid died of SIDS ten weeks later. Then, in 2004, twins were born at their house.
Then, in 2006, three children arrived. In 2008, they divorced. Elon began dating English actress Talulah Riley in 2008. They tied the knot in 2010. Musk then divorced Talulah Riley in 2012.
They remarried in 2013. In December 2014, she filed for divorce once more. In 2016, Musk completed the second divorce. Musk dated Amber Heard in 2017.
Musk then began dating Canadian artist Grimes in May 2018. Grimes gave birth to a boy in 2020. And the two declared their split between 2020 and 2021.
Education & Degree:
Musk Recognized that entering the United States via Canada would be easy. Musk obtained a Canadian passport through his mother, who was born in Canada.
While waiting for the documents, Musk attended the University of Pretoria for five months, allowing him to escape required military duty in South Africa.
Musk landed in Canada in June 1989 and spent a year in Saskatchewan with a second cousin, taking various jobs at a farm and a timber company.
Musk admission to Queen’s University in Kingston, Ontario, in 1990. He went to the University of Pennsylvania after two times and graduated in 1997 with a Bachelorette of Science in economics and a Bachelorette of Trades in drugs
During the summer of 1994, Musk worked for two Silicon Valley startups Pinnacle Research Institute, which explored electrolytic ultracapacitors for energy storehouse, and Rocket Science Games, situated in Palo Alto.
Musk was accepted to Stanford University’s Croaker of Gospel (Ph.D.)degree in materials science in 1995.
Musk tried for a position in Netscape but never received a reply.
After only two days, he dropped out of Stanford, instead opting to capitalize on the Internet boom and build an Internet firm.
In 1995, Elon and Kimbal Musk established Zip2, a web software startup with Greg Kouri. They were funded by angel investors, who contribute in return for convertible debt or equity in the firm.
They rented a small office in Palo Alto to handle their business. The company created and sold an Internet city guide for the newspaper publishing sector, including maps, directions, and yellow pages.
Musk claims that he couldn’t afford an apartment before Zip2’s success. Musk spent an entire day on his computer with his brother.
The site is up and running, and I’ve been coding on it every night of the week. They have deals with Time magazine in New York and the Chicago Tribune.
In 1999, Compaq paid $307 million in cash for Zip2. Musk received a 7% share in Zip2, worth $22 million, from the firm.
Musk became a member of the Mars Society, a non-profit organization, in 2001. Plans to develop a plant-growing chamber on Mars attracted his interest, and he considered personally funding the project.
In October 2001, Musk traveled to Moscow to buy refurbished intercontinental ballistic missiles (ICBMs) capable of delivering the greenhouse payloads into space.
Musk visited with NPO Lavochkin and Kosmotras but was pushed off as a newcomer and even spat on by one of the senior Russian designers.
When the group returned to the United States, they were left empty-handed. In February 2002, the gang returned to Russia in search of three ICBMs.
Musk met with Kosmotras once more, and they offered him an $8 million rocket, which Musk rejected. Musk decided to launch a low-cost rocket company with a $100 million investment. He is the CEO of SpaceX as well as the company’s chief engineer.
SpaceX is Space Exploration Technologies Corp. Elon musk founded Spacex on 6 May 2002. It is an American aerospace manufacturing space transportation service and communication corporation headquartered in Hawthorne, California, U.S .
Elon Musk’s ambition is to lower space transportation costs so that humans can populate Mars. Musk is Ceo of Space x, according to Wikipedia, 2 billion USD(2018). It is a privately held company.
SpaceX eventually launched the Falcon 1 in 2008 after three failed attempts. For the first time, a commercial liquid-fuel rocket has reached the International Space Station.
SpaceX was awarded a $1.6 billion contract by the Commercial Resupply Services program to launch 12 Falcon 9 rockets and Dragon spacecraft to the International Space Station, which was retired in 2011.
The Dragon spacecraft was the first commercial spacecraft to fly with the International Space Station in 2012. In 2015, SpaceX began work on the Starlink constellation of low-Earth orbit satellites to provide satellite Internet access, with the first two sample satellites launching in February 2018. It is working on projects to make life on other planets easier.
X.com and PayPal
Musk co-founded X.com, online payment, and financial services company, in 1999. In its early months, it attracted over 200000 users, making it the first nationally insured online bank.
Musk was succeeded by Bill Harris, the CEO of Intuit, at the end of the year. X.com partnered with Confinity, an online bank, to minimize unwanted competition. PayPal, Confinity’s money-transfer service, was more popular than X.com’s.
Tesla was formed in July 2003 by Martin Eberhard and Marc Tarpenning, who also gave financial backing to the company. Both guys contributed significantly to the company’s early success.
In February 2004, Musk raised $6.5 million, becoming Tesla’s largest shareholder and board chairman. Musk was a shareholder who was in charge of the Roadster’s design.
After a series of rising conflicts and the 2008 financial crisis, Eberhard was sacked in 2007. Musk, Tarpenning, and two other Tesla co-founders were named in a 2009 litigation settlement with Eberhard.
Elon Musk is the most powerful CEO of any automated manufacturing company in the world. In 2008, Tesla introduced the “Roadster,” the first electric vehicle. In the initial manufacturing,
2500 vehicles built of Lithium-ion battery cells were sold out. In 2015, the updated model X was introduced. In 2017, the Model 3 was released. It got almost 325,000 orders for the battery-powered vehicle in the first week. By 2020, it will be the best-selling automobile globally, with sales of 500,000 units or more.
The next generation, the Y crossover, was released in 2020. They are developing lithium-ion batteries and building plants like Gigafactory in Nevada and Gigafactory3 in China.
Musk and his relatives Lyndon and Peter Rive established SolarCity in 2006. He came up with the first idea for SolarCity. SolarCity was the United States Second biggest seller of solar power systems.
Musk said in 2014 that SolarCity would construct a giant solar factory in the United States in New York. The factory’s construction began in 2014 and was finished in 2017. Before it departed, it was a cooperative design with Panasonic.
Tesla purchased SolarCity for more than $2 billion in 2016 and combined it with its battery energy storage products division to create Tesla Energy. Tesla’s board of directors resolved the case in January 2020, leaving Musk as the single defendant.
Musk co-founded Neuralink, a neurotechnology business that aims to merge the human brain with AI, in 2016. I. The proposal is to develop devices that are installed in the human brain to aid in the merging of the brain and technology. Improvements allow devices to connect with the brain more efficiently.
At a live demonstration in August 2020, one of their early gadgets must be described as a Fitbit in your skull that might soon heal paralysis, blindness, and other diet problems.
Many neuroscientists and publications have criticized MIT Technology’s live demonstration articles’ statements as theoretical and neuroscience theater. Design with Panasonic.
The Boring Company
Musk co-founded The Boring Company in 2016 to make tunnels. In 2017 they made a deep tunnel to construct a ” test trench” beneath SpaceX’s headquarters. In 2021, a subway beneath Las Vegas was finished.
Musk first sold PayPal. It sold PayPal to eBay for $165 million. In 2012, it joined the Forbes list of billionaires, which was two billion dollars. At the start of 2020, Musk’s real value was $27 billion.
Its total value increased by $150 billion throughout the year due to about 20% of Tesla stock. During this time, Musk’s complete ownership continued to grow. In November of that year, Musk surpassed Mark Zuckerberg, the founder of Facebook, to become the third richest man in the world.
One week later, he surpassed Bill Gates, the founder of Microsoft. Musk’s total market is $185 billion, according to Amazon founder Jeff Bezos.
Bezos regained his position the following month. On 27 September 2021, Forbes announced that Musk’s total value was over $300 billion, making him the richest man who Became in the world.
Around three-quarters of Musk’s wealth derives from Tesla. Musk does not pay a monthly salary. The agreement between Musk and Tesla company stipulates that its earnings be linked to Tesla’s earnings.
Its earning was specified in the contract that he would not be compensated. Musk will be paid in case the Tesla market valuation reaches specific prices. It was the biggest deal between a CEO and the board.
The board awarded Musk an award in 2020. At the time, Tesla had a 1% share of 1.69 million. And Musk’s total net worth is 281.6 billion USD.