PayPal (1999); SpaceX (2002);
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| Elon Musk |
Tesla Motors (2003);
OpenAI (2015);
Neuralink (2016)
Headquarters: San Jose
, CA (PayPal); author,
CA (SpaceX); Palo Alto
, CA (Tesla Motors)
San Francisco (OpenAI and Neuralink)
2019 revenue: $17.8 billion (PayPal) $24.6 billion (Tesla Motors);
$2.5 billion (SpaceX, estimated)
2016 revenue: $13.8 million (OpenAI)
Worldwide Employment: twenty three200 (PayPal); seven,000 (SpaceX);
forty eight,016 (Tesla Motors)
Ranked 182 (PayPal) and 124 (Tesla) at intervals the 2020 Fortune five hundred
Forbes listed Elon Musk as 2019’s Most Innovative Leader, TIME named him one amongst the one hundred most potent folks at intervals the globe and Fortune named him the very best business person of 2013.
Musk has created major contributions at intervals the fields of information technology, area exploration, inexperienced technologies and AI .
Elon Musk could also be a newest, serial businessperson born and raised in African nation .
A long person and businessperson, he bought his 1st pc at age ten and schooled himself the thanks to program it. He sold his 1st software system program, a vicinity game known as Blastar, for concerning $500 once he was twelve years previous.
Musk left African nation at the age of seventeen to avoid required military service. within the book Rocketeers, Musk explained, “I don’t have a tangle with serving at intervals the military in and of itself , however serving at intervals the South African army suppressing black folks simply didn’t seem to be a really good way to pay time.” once living close to relatives in North American nation, he came to the University of Pennsylvania on a scholarship wherever he received 2 degrees in business and physics. He selected to settle at intervals the United States of America as a result of, “It is wherever nice things ar attainable. i'm nauseatingly North American country.”
He registered to pursue a Doctor of Philosophy in energy physics at Stanford however born out once simply 2 days to start out out his 1st company, known as Zip2, along side his brother in 1995. the corporate made on-line content business enterprise software system and was sold in 1999 to AltaVista for $341 million. Building on it success, Musk co-founded an internet monetary services company, X.com.
once merging with Confinity (co-founded by migrator businessperson goop Rafael Levchin), the name was modified to PayPal. In 2002, PayPal was nonheritable by eBay for $1.5 billion associate degreed spun back out as an freelance public company in 2015.
Musk did not waste any time origination his third company. area Exploration Technologies (SpaceX) was launched in 2002 with $100 million of his own cash to develop and manufacture area launch vehicles. once turning into the first business company in history to send a orbiter to the International artificial satellite , SpaceX and was awarded a $440 million contract with independent agency to develop the successor to the orbiter and transport yank astronauts into area.
Musk views area exploration as necessary for making certain the long viability of human life, and he continues to perform the company’s chief operating officer and CTO.
He is also deeply involved concerning temperature change.
That concern semiconductor diode him to create the electrical company , Tesla Motors, invest in and performance chairman of photovoltaics company, SolarCity, and become a trustee of the X Prize Foundation, that promotes renewable energy technologies. He provided most the capital for the first 2 rounds of funding of Tesla Motors wherever he remains the chief operating officer and merchandise creator.
He has been compared to Ford for his potential impact on the machine trade. In 2019, Forbes named him America’s Most Innovative Leader. Musk is outspoken in his opinions on politics conjointly as technical school, that has typically stirred contention and raised his profile as a reputation .
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| Elon Musk |
In addition to international temperature change , Musk considers AI (AI) a attainable existential challenge. In 2015, he co-created the not-for-profit OpenAI to plug and develop “friendly AI” to profit humanity as a whole . OpenAI makes all its patents and analysis hospitable the overall public . In 2016, he launched Neuralink to develop brain-machine interfaces to connect humans and computers. Among different edges, the technology may alleviate the symptoms of chronic medical conditions, like depression, brain disorder and Parkinson’s.
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