You may be asking yourself, “How did Elon Musk become so successful?” Well, he was born in South Africa. After his parents divorced, he moved to Canada with his brother and studied economics and physics. He earned bachelor’s degrees in economics and physics from the University of Pennsylvania and dropped out of Stanford University two days later. He pursued his entrepreneurial ambitions and is now the richest man in the world.
In October 2009, Elon Musk co-founded Zip2, a company that provides online city guides to newspapers. The company struggled to get off the ground, and Musk was forced to take personal loans from friends. While in the company, he reportedly used the restrooms at the YMCA and used the couch in his startup office. However, he eventually restructured the company and received millions of dollars in venture capital and private loans.
Despite the obstacles and the difficulties, Elon Musk managed to become the first private company to get a rocket into orbit. Although the company struggled to get off the ground, Musk promised never to give up. In the end, the company’s efforts paid off and SpaceX became the first private company to achieve earth orbit. Musk is an inspiration to others who seek out success in their fields, and his passion for them is infectious.
In January 2017, Musk became a member of the Manufacturing Jobs Initiative of President Donald Trump. After the election, Musk resigned from his advisory roles. However, he kept his shares and received $22 million when Tesla Motors was sold to Compaq. Musk’s tweets have been widely read and are still a part of the company’s history. But how did he get there? By taking the time to learn about the people around him, he helped make this company a success.
His passion for technology began at an early age. As a child, he sold commercial software for 500 dollars. After completing high school, he attended Queen’s University in Canada, and enrolled in graduate school at Stanford University in California. In 1994, he co-founded Zip2, a web software company, which was acquired by Compaq for $307 million in cash. At sixteen, he sold his first game, Blastar, for $500. He later sold it to PayPal for $350 million.
Aside from SpaceX, Elon Musk is the CEO and chief designer of the Dragon, Falcon, and Starship rockets. Musk is also the CEO of Telsa Motors, a company that designs affordable electric cars. SolarCity is another venture that he spearheaded. The question is, “How did Elon Musk become successful?”
In 1999, he founded X.com with US$10 million from a closing out of Zip2. Eventually, he merged it with Confinity, a company with a PayPal payment service application. Musk sold the company to Compaq for $307 million and put most of the money into the financial services company X.com. If you are wondering, “How did Elon Musk become successful?” you’ve come to the right place.
Elon Musk founded SpaceX with the goal of improving the cost of space travel, and eventually, make Mars colonization a reality. Musk invested the money from PayPal sales into the organization, which was on the verge of bankruptcy. After the fourth launch, the company was awarded a NASA contract for $1.6 billion. This gave SpaceX an enormous boost in the space race and helped Musk become a billionaire. The company’s first rocket was launched in 2008 and returned to Earth safely a few years later.
In the year 2000, Musk was chairman of Tesla and CEO of SolarCity. This was when he came up with the idea for SolarCity and offered working capital for the startup in 2006. However, Tesla was spending more than it was making. In 2007, Musk fired Eberhard from the board and saved Tesla from bankruptcy in 2008 by launching the company. In the following year, Musk launched the first Tesla Roadster. A few months later, SpaceX was acquired by eBay for 1.5 billion dollars and Elon Musk became its CEO.
Hyperloop is Elon Musk’s latest project. The Hyperloop project will allow passengers to travel from Los Angeles to San Francisco in just twenty minutes. The company plans to launch their first cargo missions to Mars by 2022. Eventually, Musk plans to colonize Mars. This is not far from his goal. While it’s a long-term goal, Musk is already a billionaire with his vision.