Elon Musk is one of the world’s leading scientists and an entrepreneur. He is the co-founder and CEO of the world’s top technology companies, such as Tesla, SpaceX, and Neuralink. According to Forbes, Elon Musk is ranked 53th richest person in the world and his net is worth about $21 billion. He was born in South Africa and was accepted to the Queen’s University at the age of 17. After two years at Queen’s, Musk transferred to the University of Pennsylvania, where he finished his bachelor’s degree. Later on, he graduated from the Wharton School of Business with an MBA degree. A few years later, Elon Musk was accepted to Stanford University since he wanted to obtain a Ph.D. degree. However, he left the programs after only two days of study since he wanted to pursue his ideas in business and entrepreneurship.
Elon Musk’s projects:
Zip2 – this was a special newspaper guiding program that was established by Elon Musk and his brother, Kimbal Musk. The company’s main business was creating and issuing city guides for newspaper agencies. In 1999, the company was purchased by Compaq Computer. Elon Musk managed to establish a contract with the world’s leading newspaper agencies, such as the New York Times and the Chicago Tribune. When the moment came for the company to being purchased by the Compaq, it was worth $307M in cash. Elon Musk’s share was about 7% and he received $22M for this business.
In 1999, along with his mentor Greg Kouri, Elon Musk launched another project called X.com. X.com was an internet bank that also provided email payments system. The company was one of the first online banks that operated worldwide. The X.com had a partnership with Barclays, which is a British investment bank with its headquarter located in London. In 2000, the company was merged with Confinity. Confinity was another online banking enterprise and the fiercest competitor of X.com. The former featured an online payments registration system called PayPal. After the two companies were merged, they were renamed into PayPal in 2001. In 2002, the company was purchased by eBay for $1.5 billion and Elon Musk received about $154M as he owned 11.7% of the shares of PayPal.
SpaceX stands for Space Exploration Technologies Corporation, which is a large scale business founded and launched by Elon Musk. The history of the company started with creating a concept of Mars landing and building there an “oasis” in 2001. After Musk published the concept, he headed to Moscow along with Jim Cantrel and Adeo Ressi in order to buy refurbished Dnepr rockets but managed to do this in a matter of a year. The first rockets that were launched by the company were called Falcon 1 and Falcon 9 (with a reference to Star Wars). The first spacecraft that was created by the company was called Dragon. In 2012, the Dragon successfully reached the International Space Station, and this marked SpaceX as the first-ever known commercial flights company that reached space.
In 2004, Elon Musk joined the Tesla company as its chairman. In 2008, using the conditions that the company faced – the global crisis – he managed to become the company’s CEO and the Head of Design, and he is still holding those positions nowadays. In 2008, Tesla built a first electric sports car, Roadster, and sold more than 2500 automobiles in more than 30 countries, gaining a substantial profit and acquiring a world level recognition. The Tesla corporation aims to produce electrically powered vehicles that would have low cost and would be affordable for most people. In accordance with this, the company created Model 3 car which is worth around 35,000 USD. In 2018, Elon Musk was awarded a grant that was issued by the company and was worth $2.6B. As for 2018, Tesla Inc. market value is more than $600M, making is one of the biggest automobile companies in the world.
SolarCity is a division of Tesla Corporation. The company’s main specialization is solar energy services. By 2013, the company was ranked as the second on the list of the largest provider of solar electricity systems in the United States. Elon Musk stated that the main reason why the SolarCity company was founded was the global warmth. The SolarCity plant is located in Buffalo, New York. In 2014, Musk claimed that the company would launch a solar power plant that would be 3 times as large as the biggest solar power station in the United States. Apart from building the systems that allow customers to obtain electricity from solar power, SolarCity specializes in producing electric vehicle chargers and storing electric power using their own resources. On top of all, the company participates in a governmentally ruled project initiative called the SunShot, making the solar energy affordable for everyone.
Hyperloop is a concept of a transportation system for passengers or freight. According to the release of the project, the trains would move in the tubes with reduced air pressure and would use the linear induction motors and the compressors of air as the sources of acceleration. The first Hyperloop route was proposed to be located between the Greater Los Angeles Area and the Bay of San Francisco. According to Elon Musk, this proposed mean of travel would be cheaper for use than any other model of travel systems. In 2017, he announced that he had a verbal agreement with the government to launch a Hyperloop between Washington D. C. and New York City. However, no one of the state agencies that are responsible for travel maintenance between those cities confirmed that it is true.
OpenAI is a non-profit organization created by Elon Musk in 2015. The main aim of the organization is to create an open-source artificial intelligence that would be accessible to everyone. OpenAI has a purpose to produce such types of artificial intelligence that would be harmless to humans and society in common. In 2016, OpenAI released the Universe, which is an open-source platform that allows users to train their machine learning algorithms on the specialized datasets. The company’s endowment reached about $1 billion in 2018. The three main products that are made by the company are Gym, RoboSumo, and Debate Games. Musk believes that the future of the humankind is depending on the future of artificial intelligence so that it should be developed in a user-friendly and safe manner.
Neuralink is an American company specialized in neurotechnology and founded by Elon Musk and eight other people. The main product that is featured by the company is implantable brain-computer interfaces that are aimed to treat serious brain diseases. Musk sees Neuralink and OpenAI as two enterprises that should collaborate together on similar aims – using technology to positively impact a human being. While OpenAI is mostly associated with the software, the Neuralink company is aimed to produce microcomputers and other systems that would be further used by specialists. The company’s website states that the company is in the process of developing ultra-high bandwidth brain-machine interfaces and is looking for high-class engineers and specialists that would like to work for the project.
- Other projects
Elon Musk has lots of other existing and potential projects. Boring Company is an enterprise that provides the world’s cheapest tunnel boring services. Elon Musk got an idea of creating it while he stuck in traffic two years ago. The Thud is a potential comic media venture. The pravduh.com is a website that would be aimed to be a platform where people would be able to rate the news and claims accordingly to their trustworthiness. Those projects that are to be performed were announced in various situations and have different chances of being implemented in real life. As it is widely known, Elon Musk tends to make claims that are not based on facts and are not supported by the referred sources. However, Musk also tends to generate ideas and create projects spontaneously and almost instantly.