Elon Musk's life journey started from South Africa. After leaving South Africa for Canada at 17, Mr. Musk earned degrees in economics and physics at the University of Pennsylvania. In 1995, Mr. Musk went directly to a graduate program in applied physics and materials technological know-how at Stanford.
He stayed two days before dropping out to start his new company Zip2, a publishing business that he started along with his brother in 1995. The organization helped newspapers increase metropolis directory websites.
Compaq sold the business enterprise in 1999 for $307 million as a way to make its seek engine, AltaVista, extra aggressive with competitors like Yahoo.
Mr. Musk then founded X.Com, which supplied monetary offerings and charge via electronic mail. X.Com merged with Confinity to form PayPal, and Mr. Musk built it into the number one method that eBay bidders use to pay for his or her purchases.
He took the company public and sold it to eBay for $1.5 billion in 2002. Mr. Musk changed into left with approximately $170 million after selling his inventory.
Instead of beginning every other internet employer, he invested nearly all of his PayPal fortune into more complex tasks: $a hundred million into SpaceX, which he founded in 2002, $50 million into Tesla and $10 million into SolarCity.
Unable to discover a viable rocket to realize his dream of growing plant life on Mars, Mr. Musk started his personal rocket organization. His long-time period intention is to ship people to Mars, which he regards as important for the survival of humanity.
SpaceX nearly went out of business. The first three launchings of the small Falcon 1 rocket failed. One more failure, Mr. Musk stated, and he would have run out of cash. As he went through a divorce, he needed to borrow money from pals.
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The fourth launching succeeded. In 2008, NASA awarded SpaceX a shipment contract, and in 2012, the enterprise released the primary non-public craft to dock with the International Space Station. Since 2015 and onward spacex is absolutely ruling the space flight industry. In 2015, Google, along with Fidelity, invested $1 billion in SpaceX
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