He is a brilliant engineer and entrepreneur. When he was 10, he bought a computer, and by age 12 programmed a game and sold it for 500 USD. Later ( in 1995), he went to Stanford ( for a second degree ), which is what a kid like him would do.
He dropped out after 2 days to start a company called Zip2, which he sold to AltaVista for ~ 341 million $ in cash and stock, in 1999. He got $22 million off the deal. At this point, anybody would stop and start swimming in cash. But his biggest three ventures are yet to come.
He then founded X.com, which after a merger became PayPal.com, the world’s first online payment system. PayPal was sold to E-Bay for 1.5 billion $ in 2002. He made 170 million $ from this. PayPal’s co-founder decided to fund other startups in the silicon valley. But Elon Musk? He had to be inventing.
What would you do if you had sold one of the world’s largest Internet companies and made a millions of dollars. Or, what would Iron Man do? Well, he would start a new company that makes rockets. Which is exactly what he did. And being the hardcore entrepreneur that he is, he went all in and bet all of his money on his ideas. Because they were worth pursuing. SpaceX, the company he founded in 2002, got a contract from NASA 6 years later for 1.6 billion $. This is why he thinks space technology is important –
An asteroid or a super volcano could destroy us, and we face risks the dinosaurs never saw: An engineered virus, inadvertent creation of a micro black hole, catastrophic global warming or some as-yet-unknown technology could spell the end of us. Humankind evolved over millions of years, but in the last sixty years atomic weaponry created the potential to extinguish ourselves. Sooner or later, we must expand life beyond this green and blue ball—or go extinct.
He aims to bring down the cost of space flights by a factor of 100. And then retire on Mars.
SpaceX recently launched Dragon, which is the first private spaceflight to go to International Space Station.
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He also founded Tesla Motors, where he is the head of product design. Tesla is an electric car company, which recently announced that their car Model S will be available soon.
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