Who Is Elon Musk? Elon Musk is a South African-born American entrepreneur and businessman who founded X.com in 1999 which later became PayPal, SpaceX in 2002 and Tesla Motors in 2003. Musk became a multimillionaire in his late 20s when he sold his start-up company, Zip2, to a division of Compaq Computers. Musk, 50, has a fortune of $ 273 billion, estimated by Forbes, making him the richest person in the world, $ 92.3 billion more than Amazon's Jeff Bezos.
Elon Musk may just be the 21st century’s Thomas Edison.
The prolific inventor’s inventions have won him multiple entrepreneur and innovator-of-the-year awards - and are a regular topic of discussion among both business leaders and consumers.
While some of the companies Musk has founded are more famous than others, he has been actively inventing things since before he was a teenager. Early efforts in software and software companies have since evolved into consumer products and mass-transportation visions. And although some of those visions may seem impossible at first glance, Musk’s track record has muted many doubters. His breakthrough thinking has helped him amass a net worth around $ 13.5 billion.
But there’s more to Musk than just the companies you’ve heard of. Here’s a look at his wide range of revolutionary ideas, patents, products and companies.
While many initially expected Tesla to fail - which it almost did during the 2008-2009 and 2017-2018 financial crises, when it went through what Musk called a "production hell" at the launch of its sedan. high volume Model 3 -, the company began to record quarterly profits in 2020.
Musk’s latest idea might be his most ambitious. Hyperloop - This transportation system, introduced in 2013 and still in the formulative stages, aims to allow commuters to travel between Los Angeles and San Francisco in 35 minutes or less faster than a commercial flight. The rail system would work in a tube with extremely low air pressure, which would theoretically reduce drag and enable higher speeds at up to 800 miles per hour with lower power consumption.