Elon Musk, a South African born American Business Magnate, Investor, and Engineer. Elon Musk is founder and CEO of SpaceX, Tesla, and Neuralink. He has a net worth of $20.8 billion. He also inspired the creation of Solar City, co-founded OpenAI(a nonprofit research company that aims to promote friendly artificial intelligence) and founded The Boring Company(an infrastructure and tunnel-construction company).
He has an economics degree from the Wharton School and a degree in physics from the College of Arts and Sciences. He began a Ph.D. in applied physics and material sciences at Stanford University in 1995 but dropped out after two days to pursue an entrepreneurial career.
After Dropping out he co-founded Zip2, a web software company, which was acquired by Compaq for $340 million in 1999. Musk then founded X.com, an online payment company. It merged with Confinity in 2000 and became PayPal, which was bought by eBay for $1.5 billion in October 2002. He received $165 million in PayPal purchase and was part of PayPal Mafia.
Elon Musk has numerous great innovations to his credit, the impact of which is unimaginable.
Let’s take a look at 4 great innovations by Elon Musk.
Tesla Motors is an American Multinational Corporation that specializes in Electric Vehicles, energy storage, and Solar Panel Manufacturing. Tesla is based in Palo Alto, California, The company is well known for its electric vehicles it has released 3 models, Model S, Model X and Model 3. Tesla is also going to launch Tesla Semi an all-electric truck and Tesla 2020 Roadster. Tesla Motors is one of the biggest innovative company and it has also introduced auto-pilot feature in their cars. Elon Musk is the main man behind Tesla’s all innovations.
Tesla and SpaceX are Elon Musk two most popular companies. Founded in 2002, SpaceX aims is to reduce the cost of space expeditions and enable colonization of Mars. Musk has stated that one of his goals is to improve the cost and reliability of access to space, ultimately by a factor of ten.CEO Elon Musk said: “I believe $500 per pound ($1,100/kg) or less is very achievable. In 2015, SpaceX successfully landed the first orbital rocket on December 21. To date, SpaceX has successfully landed 23 boosters: 21 Falcon 9 and 2 Falcon Heavy.
Musk plans to land at least two uncrewed cargo ships to Mars in 2022 and In 2024, Musk plans to fly four additional ships to Mars including the first people.
Hyperloop is also a brainchild of Elon Musk, Elon Musk went to open-source the basic design in 2013 in the form of a whitepaper. Hyperloop is the 5th mode of transportation stated by Elon Musk. It aims to reduce travel time from Hours to Minutes and it will be 4 times faster than commercial flights.
The Boring Company
The Boring Company is an infrastructure and tunnel construction company founded by Elon Musk in 2016.