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Sunday, February 28, 2021

CEO Spotlight

CEO Spotlight: Elon Musk Success Story

Elon Musk

Elon Musk is popular all over the world. He is known as an engineer, inventor, populist, co-owner of the world’s largest corporations. Also, Musk is the founder of the service PayPal, a successful businessman and one of the richest men in the world with a fortune of over 22 billion dollars. Of course, he has gone through an incredible life journey, which we will talk about in this article. And you can read other interesting materials on Telecomasia.net.

Childhood

If it were not for the chain of events that led Elon Musk to the current success, his biography would have been unremarkable. Elon was born in 1971 in Pretoria (South Africa). His father Errol worked as an engineer, the mother of the future inventor Maye was a nutritionist. Elon grew up with brother Kimbel and sister Tosca (they did not become as successful as their older brother, but they made good money from restaurateur and film production).

In 1980, Elon’s parents divorced, and the children remained with their father. The mother rarely visited them. The family traveled a lot around the world and managed to visit Europe, Asia, the USA.

From early childhood, Musk loved to read books, learned to read and write early. Already at the age of three, he shocked his father with the question of where the universe begins and ends. Like many geniuses, Elon grew up as an introvert and was seriously ahead of his peers in academic success.

Youth

At the age of 12, Elon began to have his first ideas. At that age, he independently developed the video game Blastar, writing it in BASIC. The young Musk sold his brainchild to PC & Office Technologies for $500.

In 1988, Elon graduated from high school and entered the University of Pretoria. However, at the age of 18, he left his homeland, moving to Canada. There, the young man began to study at the Queen’s University in Ontario.

When the years of study at the university came to an end, Elon could not get a good job for a long time. He even had to work at the sawmill, earning $18 an hour. Then Musk, together with his brother, decided that it was time to change something in life. Elon and Kimbel met with the head of the Bank of Nova Scotia, who accepted them into its staff.

When Musk became a bachelor in physics and economics, he decided to go to graduate school at Stanford University. He succeeded. At 24, he became a graduate student and began working on his first IT projects.

Elon Musk

First business successes

In 1995, Elon developed applications and catalogs for online publications. Musk’s first sponsor was his father, who helped his son with start-up capital by giving him $28,000.

The investment paid off. Elon and Kimbel’s first startup was sold 4 years later for $307 million. In 1999, Musk was already a millionaire and launched the first online bank. He was confident that electronic payment systems would be incredibly popular in the future, and, as we know today, he was right. At the same time, Elon opened the PayPal company and took over as an executive director. Then the company was acquired by Chinese eBay, paying a whopping $500 million.

Conquering space with SpaceX

Space has always been a dream of Elon Musk. Back in 2001, he designed an experimental greenhouse that could be built on Mars. Elon generated many ideas that would help in the exploration of Mars and was constantly improving his designs. In 2002, Space Exploration Technologies, which specialized in building space technology, was launched. Musk invested more than $100 million in the launch and further development of the company.

At the same time, Falcon-9 rockets and the Dragon spacecraft were developed. The real success came to Musk’s company in 2006, when twelve consignments of cargo were sent to the ISS with the help of his equipment.

In 2010, the Falcon-9 launch vehicles were successfully launched. After that, Elon received the following order. With the help of his Falcon Heavy rocket, a satellite was delivered into orbit. In 2018, this rocket transported a Tesla Roadster into space.

Elon Musk

Other projects

Elon Musk is known for other projects. So, in 2003, he became an investor in Tesla Motors (NASDAQ: TSLA), which at that time produced one of the first electric vehicles. Musk, being a genius engineer, participated in the development of the Tesla Roadster, for which he was awarded the prestigious Green 2006 award. Elon attracted investors to the company, who agreed to invest more than $100 million in its development.

Another project of Musk is the creation of charging stations for electric cars. It is assumed that in the future, energy for them will be produced using solar panels. The capital turnover of SolarCity, which is engaged in this development, is estimated at three billion dollars.

In 2013, Elon became one of the founders of the Hyperloop transport network, which introduced a completely new type of transport. The device is charged with solar energy and develops a speed twice that of an airplane.

In 2016, Musk launched Neuralink, a company dedicated to treating brain diseases. This is done by using neural interfaces and creating a connection between the computer and the human brain.

Summing up, we can say that Elon Musk is a genius and an extraordinary person who was ahead of his time. We hope that this successful businessman, excellent engineer, an outstanding scientist and inventor will amaze us with his developments for a long time to come.


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Anna Papadopoulos
Vice President & Executive Editor. Anna Papadopoulos is the Vice President and Executive Editor of the CEOWORLD magazine. In that role she resumes responsibility for the CEOWORLD magazine newsroom, setting daily news priorities, and directing all of CEOWORLD magazine's news-gathering teams. Previously, Anna was the senior supervising editor of CEOWORLD magazine's International Desk. Follow her on Twitter, Facebook, Instagram, or connect on LinkedIn. Email her at AP@ceoworld.biz
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