Elon Musk is a visionary entrepreneur and an unfettered genius who dreams of futuristic technological advancements. He is a self-made billionaire who could become the world’s first trillionaire by the year 2025.
Life wasn’t always so plain sailing for Elon Musk as it is today. The life of Elon Musk being a bullied schoolboy to becoming the man who revolutionised modern technology is a riveting tale to be told.
Elon Musk was born in Pretoria, South Africa, in 1971. His father was an electromechanical engineer and property developer, while his mother was a model and nutritionist. When his parents divorced before he turned 10, he lived with his father primarily, a decision he regretted to date. His father emotionally abused his brother and him. Adding to his misery, he faced severe bullying at school.
Elon Musk had an early interest in computer programming. He developed a video game that he sold to the PC and Office Technology magazine for $500. When he turned 17, he, along with his mother and his siblings, emigrated to Canada.
Elon Musk studied at Queen’s University from 1982 to 1992 before transferring to The Wharton School of the University of Pennsylvania, where he studied business and physics. In 1995, he enrolled in a PhD programme on applied physics at Stanford University in California. After just two days, he dropped out to pursue his first startup web software company, Zip2.
In 1999, Elon Musk sold the company to computing firm Compaq for $22 million. He invested the buyout money in another startup called X.com, a digital financial services business. In 2001, the company merged with Confinity and resulted in the launching of PayPal. In 2002, eBay bought PayPal for $1.5 billion. Being the company’s largest shareholder, Musk obtained a share of a whopping $180 million.
Elon Musk is highly enamoured of rocket technology, space exploration and the colonisation of Mars. In 2002, he founded the aerospace transportation services company SpaceX. He found himself in a dilemma when he pondered on how to send rockets to space. Juggling the idea to buy ballistic missiles from Russia, he ultimately decided to build the space rockets.
While SpaceX was still finding its feet, Musk decided to launch his next venture – Tesla. Although he is often associated with the electric-automobile manufacturing company, he is not its founder. In 2004, when the company was staggering from potential bankruptcy, Musk funded it personally. In 206, he founded another company called SolarCity that designs and installs solar panels on roofs of buildings.
All of Musk’s projects seemed overambitious and doomed. SpaceX could not launch a rocket that successfully reached orbit. Tesla was also performing poorly due to the sudden crash of the global economy. Musk’s marriage was falling apart too.
Just when everything was going downhill, things began to look up. In 2008, after three failed launches and a successful one, SpaceX became the first private-funded company to put a satellite into orbit. Many critical investments swooped in and saved the day for Tesla.
Ever since its successful launch, SpaceX has been working with NASA. Tesla Model S became a phenomenal success with the highest consumer report rating and highest safety rating. Furthermore, Solarcity has become the largest solar panels installer in the United States.
Elon Musk, also known as the “real-life Iron Man”, is a living legend. While many choose to do what they can do, very few try to do what others cannot do. Musk is definitely one of them. Although his visions may seem insane, he is completely capable of changing the world for the better.