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Elon Reeve Musk FRS (/ˈiːlɒn/ ; born June
28, 1971) is a technology entrepreneur ,
investor , and engineer . [4][5][6] He holds
South African, Canadian, and U.S.
citizenship and is the founder, CEO , and
lead designer of SpaceX;[7] co-founder,
CEO, and product architect of Tesla, Inc. ;[8]
co-founder and CEO of Neuralink; founder
of The Boring Company ;[9] co-founder and
co-chairman of OpenAI ;[10] and co-founder
of PayPal . In December 2016, he was
ranked 21st on the Forbes list of The
World's Most Powerful People .[11] As of
April 2019, he has a net worth of $22.3
billion and is listed by Forbes as the 40th-
richest person in the world.

Born: Elon Reeve Musk
June 28, 1971 (age 47)
Pretoria , Transvaal, South
Africa

Residence: Bel Air, Los Angeles,

- California , United
States [1][2]

Citizenship: South Africa (1971–
present)

- Canada (1989–present)

- United States (2002–
present)

Alma mater: Queen's University

- Wharton School of
the University of
Pennsylvania (BS )

Occupation: Entrepreneur •
investor • engineer

Years active: 1995–present

Net worth: US$ 18.2 billion (May
2019) [3]

Title:

- Founder, CEO, Lead Designer of SpaceX

- CEO, Product Architect of Tesla, Inc.

- Co-founder, CEO of Neuralink

- Founder of The Boring Company

- Co-founder of Zip2

- Founder of X.com (now PayPal )

- Co-founder of OpenAI

- Chairman of SolarCity

Political party: Independent

Spouse(s): Justine Wilson
(m. 2000; div. 2008)

- Talulah Riley
(m. 2010; div. 2012)
(m. 2013; div. 2016)

Children: 6 (1 deceased)

Parent(s): Errol Musk (father)

- Maye Musk (mother)

Relatives: Kimbal Musk (brother)

- Tosca Musk (sister)

- Lyndon Rive (cousin)

Awards: Fellow of the Royal Society
(2018)

South African entrepreneur Elon Musk is
known for founding Tesla Motors and
SpaceX, which launched a landmark
commercial spacecraft in 2012.

Who Is Elon Musk?

Elon Reeve Musk (born June 28, 1971) is a
South African-born American entrepreneur
and businessman who founded X.com in
1999 (which later became PayPal), SpaceX
in 2002 and Tesla Motors in 2003. Musk
became a multimillionaire in his late 20s
when he sold his start-up company, Zip2,
to a division of Compaq Computers. Musk
made headlines in May 2012, when SpaceX
launched a rocket that would send the
first commercial vehicle to the
International Space Station. He bolstered
his portfolio with the purchase of SolarCity
in 2016, and cemented his standing as a
leader of industry by taking on an advisory
role in the early days of President Donald
Trump's administration.

Elon Musk: Net Worth

As of December 2017, Elon Musk’s net
worth is $20.2 billion, according to
Forbes. He earned his first billion with the
sale of PayPal in 2002; his company
SpaceX is valued at more than $20 billion.

Education

At age 17, in 1989, Elon Musk moved to
Canada to attend Queen’s University and
avoid mandatory service in the South
African military. He left in 1992 to study
business and physics at the University of
Pennsylvania. He graduated with an
undergraduate degree in economics and
stayed for a second bachelor’s degree in
physics.

After leaving Penn, Elon Musk headed to
Stanford University in California to pursue
a PhD in energy physics. However, his
move was timed perfectly with the Internet
boom, and he dropped out of Stanford
after just two days to become a part of it,
launching his first company, Zip2
Corporation. An online city guide, Zip2
was soon providing content for the new
websites of both The New York Times and
the Chicago Tribune. In 1999, a division of
Compaq Computer Corporation bought
Zip2 for $307 million in cash and $34
million in stock options.

PayPal

In 1999, Musk co-founded X.com, an
online financial services/payments
company. An X.com acquisition the
following year led to the creation of
PayPal as it is known today, and in
October 2002, PayPal was acquired by
eBay for $1.5 billion in stock. Before the
sale, Musk owned 11 percent of PayPal
stock.

SpaceX

Musk founded his third company, Space
Exploration Technologies Corporation, or
SpaceX, in 2002 with the intention of
building spacecraft for commercial space
travel. By 2008, SpaceX was well
established, and NASA awarded the
company the contract to handle cargo
transport for the International Space
Station—with plans for astronaut transport
in the future—in a move to replace NASA’s
own space shuttle missions.

Falcon 9 Rockets

On May 22, 2012, Musk and SpaceX made
history when the company launched its
Falcon 9 rocket into space with an
unmanned capsule. The vehicle was sent to
the International Space Station with 1,000
pounds of supplies for the astronauts
stationed there, marking the first time a
private company had sent a spacecraft to
the International Space Station. Of the
launch, Musk was quoted as saying, "I feel
very lucky. ... For us, it's like winning the
Super Bowl."

In December 2013, a Falcon 9 successfully
carried a satellite to geosynchronous
transfer orbit, a distance at which the
satellite would lock into an orbital path
that matched the Earth's rotation. In
February 2015, SpaceX launched another
Falcon 9 fitted with the Deep Space
Climate Observatory (DSCOVR) satellite,
aiming to observe the extreme emissions
from the sun that affect power grids and
communications systems on Earth.

In March 2017, SpaceX saw the successful
test flight and landing of a Falcon 9 rocket
made from reusable parts, a development
that opened the door for more affordable
space travel. A setback came in November
2017, when an explosion occurred during
a test of the company's new Block 5
Merlin engine. SpaceX reported that no
one was hurt, and that the issue would not
hamper its planned rollout of a future
generation of Falcon 9 rockets.

The company enjoyed another milestone
moment in February 2018 with the
successful test launch of the powerful
Falcon Heavy rocket. Armed with
additional Falcon 9 boosters, the Falcon
Heavy was designed to carry immense
payloads into orbit and potentially serve as
a vessel for deep space missions. For the
test launch, the Falcon Heavy was given a
payload of Musk's cherry-red Tesla
Roadster, equipped with cameras to
"provide some epic views" for the vehicle's
planned orbit around the sun.

Continue Reading Below
Biography: Elon Musk (born 1971; Technology Enterpreneur And Engineer) - Biography

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In July, Space X enjoyed the successful
landing of a new Block 5 Falcon rocket,
which touched down on a drone ship less
than 9 minutes after liftoff.

BFR Mission to Mars

In September 2017, Musk presented an
updated design plan for his BFR (an
acronym for either "Big F---ing Rocket" or
"Big Falcon Rocket", a 31-engine
behemoth topped by a spaceship capable
of carrying at least 100 people. He
revealed that SpaceX was aiming to launch
the first cargo missions to Mars with the
vehicle in 2022, as part of his overarching
goal of colonizing the Red Planet.

In March 2018, the entrepreneur told an
audience at the annual South by Southwest
festival in Austin, Texas, that he hoped to
have the BFR ready for short flights early
the following year, while delivering a
knowing nod at his previous problems with
meeting deadlines.

The following month, it was announced
that SpaceX would construct a facility at
the Port of Los Angeles to build and house
the BFR. The port property presented an
ideal location for SpaceX, as its mammoth
rocket will only be movable by barge or
ship when completed.

Internet Satellites

In late March 2018, SpaceX received
permission from the U.S. government to
launch a fleet of satellites into low orbit
for the purpose of providing Internet
service. Ideally, the system would make
broadband service more accessible for
people in rural areas, while also boosting
competition in heavily populated markets
that are typically dominated by one or two
providers. Critics countered that such a
system would present a safety hazard with
the skies above us cluttered by debris.

Tesla Motors

Elon Musk is the co-founder, CEO and
product architect at Tesla Motors, a
company dedicated to producing
affordable, mass-market electric cars as
well as battery products and solar roofs.
Musk oversees all product development,
engineering and design of the company's
products.

Five years after its formation, in 2008, the
company unveiled the Roadster, a sports
car capable of accelerating from 0 to 60
mph in 3.7 seconds, as well traveling
nearly 250 miles between charges of its
lithium ion battery. With a stake in the
company taken by Daimler and a strategic
partnership with Toyota, Tesla Motors
launched its initial public offering in June
2010, raising $226 million.

Additional successes include the Model S,
the company's first electric sedan. Capable
of covering 265 miles between charges,
the Model S was honored as the 2013 Car
of the Year by Motor Trend magazine.

In April 2017, Tesla announced that it
surpassed General Motors to become the
most valuable U.S. car maker. The news
was an obvious boon to Tesla, which was
looking to ramp up production and release
its Model 3 sedan later that year.

In November, Musk made another splash
with the unveiling of the new Tesla Semi
and Roadster at the company's design
studio. The semi truck, which enters into
production in 2019, boasts 500 miles of
range as well as a battery and motors built
to last 1 million miles. The Roadster, set to
follow in 2020, will become the fastest
production car ever made with its 0 to 60
time of 1.9 seconds.

After initially aiming to produce
5,000 new Model 3 cars per week by
December 2017, Musk pushed that goal
back to March 2018, and then to June with
the start of the new year. The announced
delay didn't surprise industry experts, who
were well aware of the company's
production problems, though some
questioned how long investors would
remain patient with the process. It also
didn't prevent Musk from garnering a
radical new compensation package as CEO,
in which he would be paid after reaching
milestones of growing valuation based on
$50 billion increments.

By April 2018, with Tesla expected to fall
short of first-quarter production
forecasts, news surfaced that Musk had
pushed aside the head of engineering to
personally oversee efforts in that division.

In a Twitter exchange with a reporter,
Musk said it was important to "divide and
conquer" to meet production goals and
was "back to sleeping at factory."

After signaling that the company would
reorganize its management structure, Musk
in June announced that Tesla was laying off
9 percent of its workforce, though its
production department would remain
intact. In an email to employees, Musk
explained his decision to eliminate some
"duplication of roles" to cut costs,
admitting it was time to take serious steps
toward turning a profit.

The restructuring appeared to pay
dividends, as it was announced that Tesla
had met its goal of producing 5,000 Model
3 cars per week by the end of June, while
churning out another 2,000 Model S
sedans and Model X SUVs. "We did it!"
Musk wrote in an celebratory email to the
company. "What an incredible job by an
amazing team."

The following February, Musk announced
that the company was finally rolling out its
standard Model 3 at a starting price of
$35,000. Musk also said that Tesla was
shifting to all-online sales, and offering
customers the chance to return their cars
within seven days or 1,000 miles for a full
refund. A few days later, he announced
that the long-awaited Model Y would be
unveiled on March 14.

Uproar over Going Private

On August 7, 2018, Musk dropped a
bombshell via a tweet: "Am considering
taking Tesla private at $420. Funding
secured."

The announcement sent Tesla stock
spiking, before it closed the day up 11
percent. Meanwhile, the CEO followed up
with a letter on the company blog, calling
the move to go private "the best path
forward." He promised to retain his stake
in the company, and added that he would
create a special fund to help all current
investors remain on board.

However, the announcement also opened
the door for legal action against the
company and its founder, as the SEC began
inquiring about whether Musk had indeed
secured the funding as claimed.

Additionally, several investors filed
lawsuits on the grounds that Musk was
looking to manipulate stock prices and
ambush short sellers with his tweet.
Musk sought to clarify his position on
August 13 with a statement in which he
pointed to discussions with the managing
director of the Saudi Arabian sovereign
wealth fund as the source of his "funding
secured" declaration. He later tweeted that
he was working on a proposal to take Tesla
private with Goldman Sachs and Silver Lake
as financial advisers.

The saga took a bizarre turn that day when
rapper Azealia Banks wrote on Instagram
that, as a guest at Musk's home at the
time, she learned that he was under the
influence of LSD when he fired off his
headline-grabbing tweet and overheard
him making phone calls to drum up the
funding he promised was already in place.

However, the news quickly turned serious
again when it was reported that Tesla's
outside directors had retained two law
firms to deal with the SEC inquiry and the
CEO's plans to take the company private.

On August 24, one day after meeting with
the board, Musk announced that he had
reversed course and would not be taking
the company private. Among his reasons,
he cited the preference of most directors
to keep Tesla public, as well as the
difficulty of retaining some of the large
shareholders who were prohibited from
investing in a private company. Others
suggested that Musk was also influenced by
the poor optics of an electric car company
being funded by Saudi Arabia, a country
heavily involved in the oil industry.

On September 29, Musk agreed to step
down as chairman of Tesla's board for
three years as part of an agreement with
the SEC. He also has to pay a $20 million
fine.

SolarCity Acquisition

In August 2016, in Musk’s continuing
effort to promote and advance sustainable
energy and products for a wider consumer
base, a $2.6 billion dollar deal was
solidified to combine his electric car and
solar energy companies. His Tesla Motors
Inc. announced an all-stock deal purchase
of SolarCity Corp., a company Musk had
helped his cousins start in 2006. He is a
majority shareholder in each entity.

“Solar and storage are at their best when
they're combined. As one company, Tesla
(storage) and SolarCity (solar) can create
fully integrated residential, commercial
and grid-scale products that improve the
way that energy is generated, stored and
consumed,” read a statement on Tesla’s
website about the deal.

Elon Musk’s Wives

Elon Musk has been married twice. He wed
Justine Wilson in 2000. After a contentious
divorce, Musk met actress Talulah Riley,
and the couple married in 2010. They split
in 2012 but married each other again in
2013. Their relationship ultimately ended
in divorce in 2016. Musk has also been
romantically involved with actress Amber
Heard and musician Grimes.

Children
Musk has five sons with ex-wife Justine
Wilson. In 2002, his first son with died at
10 weeks old from sudden infant death
syndrome (SIDS). Musk and Wilson had five
additional sons together: twins and
triplets.

Birthday & Nationality

Elon Musk was born on June 28, 1971, in
Pretoria, South Africa. He obtained his
Canadian citizenship in 1989, in part
because he felt it would be easier to
obtain American citizenship via that path.

In 2002, he achieved his goal of becoming
a U.S. citizen.

Young Elon Musk

Son of a Canadian mother and a South
African father, Musk spent his early
childhood with his brother Kimbal and
sister Tosca in South Africa. At 10, around
the time his parents divorced, the
introverted Elon developed an interest in
computers. He taught himself how to
program, and when he was 12 he made his
first software sale of a game he created
called Blastar.

Other Inventions & Innovations

Outside of his roles at SpaceX and Tesla,
Musk has continually attempted to make
his innovative ideas a reality.

Hyperloop

In August 2013, Elon Musk released a
concept for a new form of transportation
called the "Hyperloop," an invention that
would foster commuting between major
cities while severely cutting travel time.
Ideally resistant to weather and powered
by renewable energy, the Hyperloop would
propel riders in pods through a network of
low-pressure tubes at speeds reaching
more than 700 mph. Musk noted that the
Hyperloop could take from seven to 10
years to be built and ready for use.

Although he introduced the Hyperloop
with claims that it would be safer than a
plane or train, with an estimated cost of
$6 billion — approximately one-tenth of
the cost for the rail system planned by the
state of California — Musk's concept has
drawn skepticism. Nevertheless, the
entrepreneur has sought to encourage the
development of this idea. After he
announced a competition for teams to
submit their designs for a Hyperloop pod
prototype, the first Hyperloop Pod
Competition was held at the SpaceX facility
in January 2017.

AI and Neuralink

Elon Musk has pursued an interest in
artificial intelligence, becoming co-chair
of the nonprofit OpenAI. The research
company launched in late 2015 with the
stated mission of advancing digital
intelligence to benefit humanity.

In 2017, it was also revealed that Musk
was backing a venture called Neuralink,
which intends to create devices to be
implanted in the human brain and help
people merge with software.

Boring Company

In yet another innovation, in January 2017
Elon Musk suddenly decided he was going
find a way to reduce traffic by devoting
resources to boring and building tunnels.

He launched his venture, named "The
Boring Company," with a test dig on the
SpaceX property in Los Angeles. In late
October, Musk posted the first photo of
his company's progress to his Instagram
page. He said the 500-foot tunnel, which
would generally run parallel to Interstate
405, would reach a length of two miles in
approximately four months.

Flamethrower

The entrepreneur also reportedly found a
market for the Boring Company's
flamethrowers; after announcing they were
going on sale for $500 apiece in late
January 2018, he claimed to have sold
10,000 of them within a day.

High-Speed Train

In late November 2017, after Chicago
Mayor Rahm Emanuel asked for proposals
to build and operate a high-speed rail line
that would transport passengers from
O'Hare Airport to downtown Chicago in 20
minutes or less, Musk tweeted that he was
all-in on the competition with his Boring
Company. He said that the concept of the
Chicago loop would be different from his
Hyperloop, its relatively short route not
requiring the need for drawing a vacuum
to eliminate air friction.

Elon Musk and Donald Trump

With Donald Trump announcing plans to
pursue massive infrastructure
developments after his successful election
to the U.S. presidency in 2016, Musk
found himself on common ground with the
new president and his advisers. That
December, he was named to President
Trump’s Strategy and Policy Forum, and
the following January he joined Trump's
Manufacturing Jobs Initiative.

While sometimes at odds with the
president's controversial measures, such
as a proposed ban on immigrants from
Muslim-majority countries, Musk defended
his involvement with the new
administration. "My goals," he tweeted in
early 2017, "are to accelerate the world’s
transition to sustainable energy and to
help make humanity a multi-planet
civilization, a consequence of which will be
the creating of hundreds of thousands of
jobs and a more inspiring future for all."

On June 1, following Trump's
announcement that he was withdrawing
the U.S. from the Paris climate accord,
Musk stepped down from his advisory
roles.

Elon Musk’s Nonprofit

The boundless potential of space
exploration and the preservation of the
future of the human race have become the
cornerstones of Musk's abiding interests,
and toward these he has founded the Musk
Foundation, which is dedicated to space
exploration and the discovery of
renewable and clean energy sources.

www.biography.com/business-figure/elon-musk

For more information, see: en.m.wikipedia.org/wiki/Elon_Musk

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