Story of Elon Musk: The innovative Entrepreneur
written by Misbahul Mokar Robin
Elon Musk has been the talk of the town for a few years. His exceptional achievement despite the odds has startled and amazed crowds of people. He is popularly known for founding SpaceX while simultaneously managing the functioning of his other company, Tesla Motors. His astonishing performance in the field has led to comparisons with Bill Gates, Steve Jobs, and others.
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Elon Musk’s success was well-drafted by himself despite his difficult childhood. However his relentless work ethic played a key role in the success story of Elon Musk. In this article, let us have a look into the early life, education, and the career timeline of Elon Musk. Elon Musk cofounded six companies including electric car maker Tesla, rocket producer SpaceX and tunneling startup Boring Company.
More about Elon Musk's Success:https://www.forbes.com/
Elon Musk’s Early Life
Elon Musk was born on the 28th of June in 1971. He was born in one of the three capital cities of South Africa called Pretoria. He is the oldest of three siblings. Elon Musk’s father, Errol Musk, is a successful engineer while Maye Musk, his mother, was a model and a nutritionist. His brother, Kimbal Musk is an environmentalist and a venture capitalist. Elon’s sister, Tosca Musk, is an award-winning director and producer.
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During his time at Waterkloof House and Pretoria Boys High, Elon Musk was bullied. He said, “They got my best friend to lure me out of hiding so that they could beat me up. And, that hurt”. Elon Musk also added to this and said, “For some reason, they decided that I was it, and they were going to go after me nonstop. That was what made growing up difficult for me. For several years, there was absolutely no respite. At school, I got chased around by gangs who tried to beat me up. I would then come here, where it would continue to be awful”.
Elon’s Educational Journey
After completing high school, Elon Musk moved on to pursuing his interest in physics and economics. Moreover, he spent two year in Queen’s University in Canada. After these two years, he transferred to the University of Pennsylvania. At this university, he went on to take up two majors. While pursuing a dual degree might require plenty of work typically not allowing room for other activities, he ensured to make time for activities apart from his university education. Elon and his fellow classmate bought a 10-bedroom fraternity house that they used as an ad hoc nightclub.
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Elon Musk graduated with a Bachelor of Science degree in Physics as well as a Bachelor of Arts degree in Economics from Wharton School in Pennsylvania. Furthermore, these two degrees helped Elon in building his career. He is a strong believer of physics being a great framework for his thinking as it helps explore and understand fundamental truths. It also helped him reason several business ideas and gauge the success of his ideas.
Later on, when Musk was 24 years old, he moved to California to pursue his Ph.D. in Applied Physics at Stanford University. While he started his Ph.D. program with utmost excitement and futuristic goals, he dropped out of this program in 2 days. The driving factor behind him dropping out was the internet boom in Silicon Valley. Being an entrepreneur by nature, he began to develop great ideas revolving around the birth of the internet.
Elon Musk’s Personal Life
Elon Musk’s first marriage was to Canadian author Justine Wilson in the year 2000 and then to Taulah Riley, an English actress in 2010, following his divorce from Justine in 2008. He remarried Riley in 2013 and the marriage lasted till 2016. From his first marriage, Musk had twin boys first and then triplet boys. His first son Nevada died on sudden infant death syndrome when he was a 10-week baby. Musk was also reportedly linked to actress Amber Heard. In 2018, he started to date Canadian musician Grimes.
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A Venture Into Businesses
(Elon Musk had dipped his feet into several businesses and driven them up to achievement. Here is a timeline of his journey with businesses and entrepreneurship.)
Zip2
During the year 1995, Elon Musk and his younger brother Kimbal Musk started a company called Zip2. A company that provided maps and business directories to online newspapers. In 1999 Zip2 was bought by the computer manufacturer Compaq for $307 million Zip2 provided licensed city guide software to newspapers. In 1999, Compaq’s AltaVista acquired Zip2 for $340 million. This proved to be a great exit for Elon Musk as this buyout led to the creation of X.com.
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X.Com
Elon Musk along with Harris Fricker, Ed Ho, and Christopher Payne co-founded X.com. The company was an online bank that later merged with Confinity Inc. This merger led to the launch of another great company.
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PayPal
PayPal serves as a middleman between your bank and merchants and keeps your payment information secure. You can also use PayPal to securely send money to friends and family as well as receive money from people. This feature is useful for splitting rent with roommates, for example, or receiving money for your birthday. PayPal is one of the most popular platforms to carry out online payments. During his time at PayPal, he put forward his idea to the CTO, Max Lechin, about the operating system to be used. Musk was later ousted from the company as CEO. Later on, PayPal was bought by eBay for $1.5 billion.
More about PayPal:https://www.paypal.com/bd/home
Tesla Motors
After Elon Musk was ousted from PayPal, he went on to bring his innovation of futuristic electric cars to life. He went about gathering funding for Tesla and launched the company in 2008. The main aim behind Tesla Motors was to shift the automotive industry from using combustible energy to clean and green energy.
More about Tesla:https://www.tesla.com/
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Tesla began production of its first car model, the Roadster sports car, in 2008. This was followed by the Model S sedan in 2012, the Model X SUV in 2015, the Model 3 sedan in 2017, the Model Y crossover in 2020, and the Tesla Semi truck in 2022. Tesla delivered just over 1.3 million electric vehicles in 2022. Before the cuts, Wall Street was projecting about 1.8 million vehicles sold in 2023.
SpaceX
While managing the operations of Tesla, Elon Musk concurrently launched Space X. He landed well-known contracts with the U.S Air Force, United States Space Force and NASA to design rockets. He also took up plans to conduct military missions.180 rockets lifted off successfully, with SpaceX driving the pace. 2022 was a record year for space with 180 successful rocket launches to orbit By the year 2025, Elon Musk plans to send an astronaut to Mark with the help of NASA.
More about SpaceX:https://www.spacex.com/
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In brief
Elon Musk's success has been an inspiration to many entrepreneurs, manufacturer, industrialist and businessmen. Elon Musk’s story of success consists of several challenges. Anyway, Elon Musk always found his way to bring about a successful outcome and meet his perception for the company he launched
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