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What is Elon Musk's story?

Elon Musk is a globally renowned technology entrepreneur who has been at the center of discussions for several years. His extraordinary personality continues to captivate and astonish. Musk gained widespread attention through the founding of SpaceX, and his success as a businessman has elevated him to the ranks of influential figures like Bill Gates and Steve Jobs. This article explores the remarkable journey of Elon Musk.

Elon Musk biography

Born on June 28, 1971, in Pretoria, South Africa, Elon Musk is the eldest of three siblings. His father was a successful engineer, and his mother worked as a model and nutritionist. His brother, Kimbal Musk, is an environmentalist and venture capitalist, while his sister, Tosca Musk, is an award-winning director and producer.

Elon Musk began his schooling nearly a year earlier than usual at Waterkloof House Preparatory School, followed by Pretoria Boys High School. At the age of 10, his parents divorced, which made his school years challenging despite his evident talent. With few friends from his African culture, Musk faced numerous adversities growing up but accepted that overcoming obstacles was essential for success.

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After high school, Musk developed an interest in physics and economics. He studied at Queen's University in Canada for two years before transferring to the University of Pennsylvania, where he earned degrees in both Physics and Economics from the Wharton School. These degrees were crucial in shaping his career and evaluating various business concepts and ideas.

While the age of 24, Elon Musk moved to California to pursue a PhD in physics from Stanford University. 

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However, he left the program just two days in, driven by the rise of the internet in Silicon Valley. Musk chose to leverage the internet’s popularity to develop groundbreaking ideas as an entrepreneur.

What did Elon Musk create?

Musk embarked on several business ventures, achieving significant success:

Zip2

In 1995, Elon and his brother Kimbal Musk co-founded Zip2, a company that provided licensed software to newspapers. In 1999, they sold Zip2 to Compaq Computer Corporation for $300 million. This sale opened new opportunities for Musk, leading to the creation of X.com.

X.com

Musk, along with Harris Fricker, Ed Ho, and Christopher Payne, founded X.com, an online bank with an innovative business model for its time. X.com later merged with Confinity Incorporated, resulting in the creation of PayPal.

PayPal

The merger of X.com and Confinity Incorporated led to the formation of PayPal, one of the most popular online payment platforms. Despite facing challenges, including being labeled as having the "worst business idea" of 1999 and Musk being removed as CEO in 2000, PayPal was sold to eBay in 2002 for $1.5 billion.

How did Elon Musk start Tesla?

After leaving PayPal, Musk focused on the future of electric vehicles. He secured funding for Tesla Motors, founded in 2003, with the goal of transforming the automotive industry from fuel-based to green energy. Since 2008, Musk has served as Tesla's CEO, and the Tesla Model 3 is now one of the most popular electric vehicles, with over a million units sold globally.

SpaceX

Another of Musk's ventures, SpaceX, has become renowned for its innovative rocket designs. Musk secured major contracts with the U.S. Air Force and NASA and has undertaken military missions. By 2025, Musk plans to send an astronaut to space with NASA’s assistance. Despite setbacks, such as rocket failures and Starship explosions, SpaceX is now known worldwide for its reusable rockets.

SolarCity

In 2006, Musk's cousins founded SolarCity, a solar energy company, with Musk serving as their chief financial backer. By the mid-2010s, SolarCity became one of the leading residential solar companies in the U.S. Musk acquired SolarCity through Tesla in 2016 for $2.6 billion, integrating it into Tesla Energy.

Twitter

In 2022, Elon Musk acquired current X Twitter for $44 billion. After months of dramatic developments, Musk took control of the social media platform.

In addition, Musk founded the non-profit organization OpenAI in 2015, and in 2016, he established Neuralink and The Boring Company.

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Elon Musk’s success as a businessman has made him an inspiration to people around the world. His advice to entrepreneurs is clear: there are no shortcuts to success; hard work and maintaining a steadfast goal are essential.