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Elon Musk is a man with a vision and ideas that keep the world running. The founder of Tesla Motors, PayPal, SpaceX...
Elon Musk is a man with a vision and ideas that keep the world running. The founder of Tesla Motors, PayPal, SpaceX and SolarCity – Elon Musk drives design, development and strategy in his companies, towards a better world. How does he do it?
If you want to create game-changing companies, you have to start off somewhere. As a young boy, Elon Musk taught himself programming, and at 12 made a $500 deal for a code for a video game. While he acquired knowledge on his own, Elon Musk considered formal education as well. Musk received a bachelor's degree in economics and physics from the University of Pennsylvania, and moved to California, aiming for a PhD in applied physics. However, he dropped out of the programme two days later, so that he could focus on his entrepreneurial ambitions in the areas of outer space, renewable energy, and Internet.
In 1999, Musk sold Zip2, an Internet software company he founded with his brother, to Compaq, thus making his first million dollars. In 2000, Elon Musk founded PayPal, the money transfer service, which he sold to eBay two years later, for $1.5 billion.
The company that brought Elon his true glory, however, is SpaceX. By founding SpaceX in 2002, and building the world's most progressive rockets and spacecraft, Musk gave humanity a chance to reach out to other planets. As the Chief Designer of SpaceX, Musk designed Falcon 1 and Falcon 9, privately developed rockets, and the Dragon spacecraft, which successfully attached to the International Space Station in 2012. It was at that time, that Musk announced an ambitious plan to inhabit Mars with 80,000 people, in 20 years' time.
In 2008, Elon Musk became CEO of Tesla Motors, an American company that designs, engineers and manufactures electric cars for consumers worldwide. Apart from the leadership in Tesla Motors, Musk also supervised the design and development of the electric Tesla Roadster, Model S and Model X. A few months ago, Musk announced the “Hyperloop,” a solar-powered, city-to-city, high-speed mode of transportation, that would travel from Los Angeles to San Francisco in just 30 minutes.
Musk thought of a concept that would fight global warming and reduce air pollution, which later came to be a company called SolarCity, of which Musk is both the chairman and biggest shareholder. SolarCity is a leader in providing energy services to homes and businesses.
Elon Musk's accomplishments in technology and business made history. And, they are widely recognized. His achievements in SpaceX, SolarCity and Tesla Motors made Musk Entrepreneur of the Year, while Forbes Magazine called him one of America's most powerful CEOs. Designing the privately developed rockets earned Musk a Gold Space Metal, whereas the American Institute of Aeronautics and Astronautics awarded him for considerable contribution in space transportation.
Elon Musk is part of the Musk Foundation, which gives significant input into bringing low-cost clean energy to where it’s needed, and puts a strong focus on aerospace, pediatric health and science education. Musk is also a trustee of X Prize, a Foundation that promotes technologies for renewable energy.
With a net worth of $8.6 billion, Elon Musk is not an everyday billionaire. He is a driving force of today, wanting to create a better tomorrow. Musk dreams big, and his innovative technologies make him a great visionary, and a success story.