Elon Musk, South African-born American entrepreneur who cofounded the electronic-payment firm PayPal and formed SpaceX, maker of launch vehicles and spacecraft. He was also one of the first significant investors in, as well as chief executive officer of, the electric car manufacturer Tesla.
Elon Reeve Musk is a businessman, investor, and engineer. He is the founder, CEO, and chief engineer/designer of SpaceX; the co-founder, CEO, and product architect of Tesla, Inc.; the co-founder of Neuralink; the creator of The Boring Company; the co-founder and first co-chairman of OpenAI; and the co-founder of PayPal. He was named 21st on Forbes’ list of The World’s Most Powerful People in December 2016. He has a net worth of $19.4 billion and is ranked as the 40th wealthiest person in the world by Forbes.
Musk, who was born and reared in Pretoria, South Africa, migrated to Canada at the age of 17 to attend Queen’s University. He moved to the University of Pennsylvania two years later, where he earned a Bachelor of Science in physics from the College of Arts and Sciences and a Bachelor of Science in economics from the Wharton School. In 1995, he enrolled in a Ph.D. program in applied physics and material sciences at Stanford University, but walked out after just two days to pursue an entrepreneurial career. He then co-founded Zip2, a web software startup that was purchased by Compaq for $340 million in 1999. Musk then established X.com, an online bank. In 2000, it joined with Confinity to become PayPal, which was purchased by eBay for $1.5 billion in October 2002.
Musk started SpaceX, an aircraft manufacturing and space transport services firm, in May 2002, of which he is the CEO and principal designer. He joined Tesla, Inc., an electric car manufacturer, in 2004, the year it was created, and rose through the ranks to become CEO and product architect. He founded SolarCity, a solar energy services firm (now a division of Tesla), in 2006 and served as its chairman. Musk co-founded OpenAI, a non-profit research organization dedicated to promoting benign artificial intelligence, in 2015. He co-founded Neuralink, a neurotechnology firm focusing on creating brain-computer interfaces, in July 2016. Musk created The Boring Company, an infrastructure and tunnel-construction firm, in December 2016.
In addition to his core commercial interests, Musk has suggested the Hyperloop, a high-speed transportation system, and the Musk electric jet, a vertical take-off and landing supersonic jet electric aircraft with electric fan propulsion. Musk has claimed that the aims of SpaceX, Tesla, and SolarCity are all centered on his vision of changing the planet and mankind. His aims include lowering the danger of human extinction by building a human colony on Mars and decreasing global warming via sustainable energy production and use.
- Known for:SpaceX, Tesla Inc.
- Born:Jun 28th, 1971
- Nationality:South African, Canadian, American
- Location:Bel Air, Los Angeles, California, United States
- Education:University of Pennsylvania, Bachelor’s Degree in Economics, Bachelor’s Degree in Physics – 1992 -1995
Queen’s University, transferred to University of Pennsylvania – 1989-1992
- World wealth rank:1
- Net worth:$261.3 B
- Other Projects:SpaceX – Founder, CEO, Lead Designer
Tesla, Inc. – CEO, Product Architect
OpenAI – Co-founder – 2015
X.com (now PayPal) – Founder – 1999-2002
Zip2 – Co-founder – 1995-1999