Elon Musk; Short Life Story of the Boy Who Change The World
- Elon Musk is once again the wealthiest person in the world. Here is how the billionaire overcame childhood bullying to become a controversial tech industry leader.
American businessman Elon Musk (born June 28, 1971, in Pretoria, South Africa), of South African ancestry, is best known as the co-founder and CEO of PayPal and SpaceX. In addition to becoming Tesla Motors’ CEO, he was an early and crucial investor. In 2022, Musk also bought Twitter.
- Tesla, SpaceX, and Twitter are all run by the same man: Elon Musk. His Twitter choices have been met with both praise and criticism so far.
- He has nine known offspring from his three marriages. He was born in South Africa.
- Musk is a divisive figure who has been sued and is the subject of an SEC investigation.
Elon Musk, Early Life
Elon Musk’s parents are immigrants from South Africa and Canada, respectively. He always had a knack for computers and business. He made his first video game when he was 12 and sold it to a computer magazine.
Musk obtained a Canadian passport and left South Africa in 1988 because he was hesitant to support apartheid by serving in the military and because he wanted to take advantage of better business possibilities in the United States.
Elon Musk entered the world at In Pretoria, South Africa, on June 28th, 1971,
Pretoria, Africa, South
Maye Musk is a registered dietitian and a fashion model. The cereal box for Special K and the front cover of Time magazine have featured her. She signed with CoverGirl in 2017 when she was 69 years old.
Musk and his younger brother Kimbal moved and lived with their dad when their parents split up when they were 9 and 11. His poor relationship with his father became apparent after the transfer. Musk said of living with his dad, “It was not a good idea,” in an interview with Rolling Stone.
Musk, then 12 years old, made $500 selling a basic game he called “Blastar” to a computer magazine in 1983. Despite its apparent simplicity, Musk called it “a trivial game… but better than Flappy Bird.”
However, Musk’s time in school wasn’t without hardship; he was even hospitalized due to physical abuse from classmates. The bullies pummeled Musk to the point of passing out and hurled him down a flight of stairs.
Musk spent two years at Queen’s University in Kingston, Ontario, after graduating from high school in the United States with his mother, Maye; sister, Tosca; and brother, Kimbal.
But he eventually graduated from Penn with degrees in physics and economics.
In 1994, Elon Musk was a senior at the University of Pennsylvania and was only 23 years old.
While attending Penn, Musk and a classmate turned a 10-bedroom frat home into a nightclub. It was one of Musk’s earliest forays into business ownership and was a joint venture with Adeo Ressi.
Musk attended Stanford University for his Ph.D. studies after high school but only briefly stayed there before dropping out of university. After barely two days in California, he decided to try his luck in the emerging dot-com industry and postponed his enrollment. He left Stanford without completing his degree.
How to Be a Visionary Leader:
Elon Musk Teaches Us in 9 Words Whether you agree with Musk or not, his vision statement is spot on.
Anyone who is even mildly interested in technology or the future will have an opinion when you mention Elon Musk. Some people admire him because he’s taken us into the future in such a radical and original way with his companies Tesla, SpaceX, Neuralink, and OpenAI.
His costly ideas, like space exploration, and frequently delayed products like the impending Model 3 have been widely criticized.
Whether what, he’s a visionary leader and very likely the finest we have right now. His nickname from Rolling Stone: “The Architect of Tomorrow.”
It’s generally agreed upon that visionaries make for the most influential leaders. Leaders can perceive what’s conceivable in the far-off future, even if no one else can, and then persistently transmit that vision to their team. Musk has said, “I try and do useful things that work,
improve people’s lives, and make the future better.” This emphasizes the need to do things with a clear goal in mind.
An Exceptional Mission Statement
While I don’t suggest for a second that Musk is the best leader on the planet (as leadership is about a whole lot more than vision), I do think we can all learn something from the nine words he used to describe the vision he had for his team at SpaceX.
By 2025, humans will have landed on Mars, officials say.
The Lessons It Can Teach You
Musk follows the rules for writing an effective vision statement to perfection. The definition of a vision is a well-defined, time-bound objective.
Imagine going to work at SpaceX every day to realize Musk’s vision for the company. This can be accomplished only by prioritizing innovation and trial and error.
Here are three near-term and long-term strategies you may employ to become a more visionary leader and channel your inner Musk.
1, Articulate the Vision.
Tell me about a significant objective you have for your group and when you hope to see it realized. Spend your time and energy on initiatives that have a real influence on other people or are in line with why your company operates.
Even if you aren’t the company’s CEO or an entrepreneur, you should nonetheless have a long-term goal in mind for the group you manage. Even though it might not be as fantastic as sending astronauts into space, Finding alternative methods of recognizing workers’ efforts is crucial.
2. Keep Repeating it Until People get it.
A vision from outer space is only helpful if consGantly reinforced to the crew. If you want people to feel like it’s theirs, you must let them hear and see it. Share your goals with your team and post them so everyone can see them.
Put it in your email signature, post it on the office bulletin board, etc. Your vision will not be realized if you merely share it once.
3, Strive for Mini-Victories.
It can take years, perhaps decades, to realize a lofty goal. Celebrating even the tiniest milestones along the path to the vision’s realization is essential. Imagine it like a Slalom skier. From where they begin, they can see the finish line; however, to reach the destination, they must go through a series of flags.
But they must pass through flags on their way to the end of the route. These milestones represent little victories on the path to realizing the bigger picture. Recognizing and sharing even the most minor victories is essential, as the path to success is rarely smooth.
Bitcoin and SpaceX
SpaceX is a private spaceflight firm founded and led by Elon Musk that launches satellites and humans into space, including NASA astronauts bound for the International Space Station.
Musk started the company in 2002 to lower the price of getting to Mars by spaceship.0. SpaceX has operations in Hawthorne and Vandenberg Air Force Base in California and Cape Canaveral in Florida.
Musk is also developing and piloting a Starship system for future manned Mars expeditions and lunar landings. Musk’s estimated net worth is roughly $167 billion (according to Bloomberg) and $176.2 billion (according to Forbes), making him the second-wealthiest person in the world.
Tesla’s billionaire CEO, Elon Musk, has a history with digital currencies. In February of 2021, Tesla spent $1.5 billion on Bitcoin so it could start accepting it as payment.
Midway through 2022, Tesla sold off 75% of its Bitcoin holdings as the cryptocurrency market crashed. Nevertheless, Twitter’s push into payments could revive Musk’s enthusiasm for the sector.
Twitter could play a significant role in Musk’s vision for cryptocurrency, but he must first overcome regulatory hurdles and security concerns. Fears of another terra luna-style catastrophe haven’t stopped the total crypto market from growing to over $1 trillion.
What ethnicity is Elon Musk?
PayPal, headquartered in the United States, is a global financial technology business facilitating online payments in most countries.
Initially founded in 1998 under Confinity, the company became public in 2002. Later that year, eBay acquired $1.5 billion, making PayPal a wholly-owned subsidiary of eBay.
In 2015, PayPal was “spun off” to eBay’s stockholders and resumed its previous status as a separate corporation. PayPal is an e-commerce platform that enables instantaneous online money transfers between buyers and sellers.
In 2001, Before this, PayPal was already well-known as a trusted platform for anonymous online payments.
After computer maker Compaq paid Musk $307 million to acquire his startup Zip2 in 1999, Musk started X.com, which evolved into the popular payment provider PayPal. In 2002, eBay, an online auction site, paid $1.5 billion to acquire PayPal.
Space Exploration Technologies
Musk has long thought that our species must expand to other planets to continue existing. Nonetheless, he needed to be more impressed by the price tag associated with rocket launchers.
He established Space Exploration Technologies (SpaceX) in 2002 to create cheaper rockets. The smaller Falcon 1 rocket (first launched in 2006) and larger Falcon 9 rocket (first launched in 2010) were both created to be significantly cheaper than their rivals.
In 2018, SpaceX successfully launched its third rocket, the Falcon Heavy, which was planned to lift 117,000 pounds (53,000 kg) into orbit at a fraction of the price of its main competitor, the Boeing Company’s Delta IV Heavy.
The Super Heavy-Starship system is SpaceX’s follow-up to the Falcon 9 and the Falcon Heavy. One hundred thousand kilograms (about 220,000 pounds) could be launched into low Earth orbit by the Super Heavy’s first stage.
The SpaceX Dragon capsule was successfully launched on May 25, 2012.
The payload would be the Starship, a spacecraft built to quickly travel between Earth’s cities and establish outposts on the Moon and Mars. The Dragon cargo ship was built by SpaceX and is used to transport cargo to the ISS (ISS).
A crewed trip of Dragon carrying astronauts Doug Hurley and Robert Behnken to the ISS is scheduled for 2020. Dragon has a maximum capacity of seven astronauts.
In 2020, scientists successfully launched the first Super Heavy-Starship test flights. Elon Musk is the CEO of SpaceX and also played a key role in designing the company’s Falcon rockets, Dragon, and Starship. As part of NASA’s Artemis space program, SpaceX has been commissioned to construct the lander to bring humans back to the Moon in 2025.
Elon Musk, Tesla
Elon Musk was one of the primary backers of Tesla Motors (later renamed Tesla), an electric car startup started by entrepreneurs Martin Eberhard and Marc Tarpenning in 2004.
Tesla’s first vehicle, the Roadster, was released in 2006 and boasted a range of 245 miles (394 km) on a single charge. It was a sports car that could go from zero to sixty in under four seconds, unlike the conventional electric vehicles that Musk found boring. About $226 million was brought in during the company’s IPO in 2010.
After two years, Tesla released the Model S vehicle, which received widespread praise from reviewers. The 2015 release of the company’s Model X luxury SUV was met with widespread acclaim. Production of the more affordable Model 3 began in 2017, and by 2018, it had become the best-selling electric car in history.
A high-speed rail system in California was estimated to cost $68 billion, so Musk proposed the Hyperloop in 2013 as a faster alternative. A pod carrying 28 passengers would travel the 350 miles (560 km) between Los Angeles and San Francisco in 35 minutes at a top speed of 760 miles (1,220 km) per hour, nearly the speed of sound.
Elon Musk stated that the Hyperloop would only cost $6 billion. The system could accommodate the six million people who travel that route annually, with pods departing on average every two minutes.
However, he said he could not work on the Hyperloop because he was already running SpaceX and Tesla.
On April 14, 2022, business tycoon Elon Musk began acquiring Twitter, Inc., an American social media firm, and on October 27, 2022, he completed the purchase.
In January 2022, Musk began amassing a 9.1 per cent ownership position in the company by purchasing shares.01 Musk initially accepted Twitter’s invitation to join its board of directors but eventually rejected the offer.
On March 24, 2022, Musk began tweeting his critiques about Twitter and asking his followers to vote on whether they believed the company upheld the principle that “free speech is essential to a functioning democracy.”
To save money when the deal was finalized, Twitter reduced its personnel by almost 80%, closed one of its three data centres, and reinstated previously banned accounts like Donald Trump.
Musk joined the microblogging service Twitter in 2009. His account, which he uses as @elonmusk, has amassed over 85 million followers as of 2022.
Musk tweeted multiple times in August 2018 that he had “acquired funds” to take Tesla private at $420 per share, expressing his displeasure with the company’s public trading status. (The sum of $420 was seen as a facetious allusion to 4/20, celebrated by cannabis enthusiasts.)
The U.S. (SEC) filed a securities fraud lawsuit against Musk the following month, citing his “false and deceptive” tweets as evidence. Musk reportedly threatened to quit Tesla if the board accepted the SEC’s proposed settlement and promptly rejected it.
However, the revelation caused a precipitous drop in Tesla stock, and a more stringent agreement was ultimately agreed upon. It stipulated that Musk would step down as chairman for three years while he could continue as CEO, that his tweets would need to be pre-approved by Tesla lawyers, and that both Musk and Tesla would pay $20 million in fines.
Twitter’s content moderation rules,
Considering Twitter’s content moderation rules, Musk was critical of the company’s dedication to free speech. Musk’s purchase of more than 9 percent of Twitter was revealed in early April 2022 SEC filings. Musk first rejected Twitter’s offer to join the company’s board of directors.
Instead, it made a $44 billion offer to purchase all of the company’s shares at $54.20 each. The board of directors for Twitter approved the acquisition, making him Twitter’s sole owner. Musk has said he intends to “enhance the product with new features, make the algorithms open source to promote confidence, destroy the spam bots, and authenticate all humans.
” Musk stated that Twitter had not provided adequate information about bot accounts and that the firm was in “material breach of many clauses” of the purchase agreement, leading to his withdrawal of the bid in July 2022.
Twitter board chair Bret Taylor replied that the firm was “committed to closing the deal on the price and parameters agreed upon with Mr. Musk.
” Twitter filed suit against Musk to acquire the company. The shareholders of Twitter approved Elon Musk’s offer in September 2022. Notwithstanding the impending court struggle, Musk went forward with the deal, and it closed in October.
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