Elon Musk, (born June 28, 1971, Pretoria, South Africa), South African-born American business owner who cofounded the electronic-payment firm PayPal and formed SpaceX, maker of launch cars and spacecraft. He was also one of the first considerable financiers in, along with ceo of, the electrical cars and truck producer Tesla.

Leading Questions

When was Elon Musk born?Elon Musk was born upon June 28, 1971. How did Elon Musk become famous?Elon Musk cofounded the electronic payment company PayPal and established the spacecraft company SpaceX. He became president of the electric-car maker Tesla.Where did Elon Musk go to college?What did Elon Musk accomplish?Elon Musk established SpaceX, a company that makes rockets and spacecraft. He became the president and a major funder of Tesla, that makes electric cars. Early life Musk was born to a South African father

and a Canadian mom. He showed an

early skill for computer systems and entrepreneurship. At age 12 he created a video game and offered it to a computer system magazine. In 1988, after acquiring a Canadian passport, Musk left South Africa since he was unwilling to support apartheid through compulsory military service and because he looked for the greater economic opportunities offered in the

United States. PayPal and SpaceX Musk went to Queen’s University in Kingston, Ontario, and in 1992 he moved to the University of Pennsylvania, Philadelphia, where he received bachelor’s degrees in physics and economics in 1997. He enrolled in graduate school in physics at Stanford University in California, however he left after just 2 days due to the fact that he felt that the Web had far more possible to alter society than work in physics. In 1995 he established Zip2, a company that supplied maps and organization directories to online papers. In

1999 Zip2 was bought

by the computer system producer Compaq for $307 million, and Musk then founded an online monetary services company, X.com, which later ended up being PayPal, which specialized in moving money online. The online auction eBay purchased PayPal in 2002 for$ 1.5 billion. Musk was long convinced that for life to endure, humankind needs to become a multiplanet species. Nevertheless, he was dissatisfied with the terrific expense of rocket launchers. In 2002 he founded Space Expedition Technologies (SpaceX) to make more economical rockets. Its very first two rockets were the Falcon 1( very first released in 2006 )and the larger Falcon 9( very first launched in 2010), which were developed to cost much less than contending rockets. A 3rd rocket, the Falcon Heavy(first released in 2018), was created to carry 117,000 pounds(53,000 kg) to orbit, almost two times as much as its biggest rival, the Boeing Company’s Delta IV Heavy, for one-third the cost. SpaceX has revealed the

successor to the Falcon 9 and the Falcon Heavy: the Super Heavy– Starship system. The Super Heavy first stage would can lifting 100,000 kg(220,000 pounds)to low Earth orbit. The payload would be the Starship, a spacecraft designed for offering fast transport between cities on Earth and constructing bases on the Moon and Mars. SpaceX also established the Dragon spacecraft, which carries supplies to the International Space Station (ISS ). Dragon can carry as many as 7 astronauts, and it had a crewed flight carrying astronauts Doug Hurley and Robert Behnken to the ISS in 2020. Musk looked for to lower the expenditure of spaceflight by developing a totally recyclable rocket that might lift off and go back to the pad it introduced from. Beginning in 2012, SpaceX’s Insect rocket made several brief flights to check such innovation. In addition to being CEO of SpaceX, Musk was likewise chief designer in developing the Falcon rockets, Dragon, and Grasshopper. Get a Britannica Premium subscription and gain access to special content. Subscribe Now Tesla Musk had long been interested in the possibilities of electric vehicles, and in 2004 he turned into one of the major funders of Tesla Motors( later on renamed Tesla), an electric car company established by business owners Martin Eberhard and Marc Tarpenning. In 2006 Tesla introduced its very first vehicle, the Roadster, which might take a trip 245 miles( 394 km )on a single charge. Unlike the majority of previous electrical lorries, which Musk thought were stodgy and uninteresting, it was a cars that could go from 0 to 60 miles (97 km)per hour in less than four seconds. In 2010 the business’s initial public offering raised about$226 million. 2 years later Tesla presented the Design S sedan, which was well-known by automotive critics for its performance and design.

The company won further appreciation for its Design X luxury SUV, which went on the marketplace in 2015. The

Model

3, a less-expensive lorry, entered into production in 2017. Musk, Elon Musk, 2010. Bryan Mitchell– Getty Images/Thinkstock Musk revealed bookings about Tesla being openly traded, and in August 2018 he made a series of tweets about taking the business personal, keeping in mind that he had actually”protected financing.”The following month the U.S. Securities and Exchange Commission(SEC) took legal action against Musk for securities scams, alleging that the tweets were” false and deceptive. “Soon afterwards Tesla’s board turned down the SEC’s proposed settlement, reportedly due to the fact that Musk had actually threatened to resign. However, the news sent Tesla stock dropping, and a harsher deal was eventually accepted. Its terms included Musk stepping down as chairman for 3 years, though he was enabled to continue as CEO. Dissatisfied with the forecasted expense ($68 billion)of a high-speed rail system in California, Musk in 2013 proposed an alternate faster system, the Hyperloop, a pneumatic tube in which a pod bring 28 guests would take a trip the 350 miles (560 km)betweenLos Angeles

and San Francisco in 35 minutes at a top speed of 760 miles(1,220 km)per

hour, nearly the speed of sound. Musk declared that the Hyperloop would cost only$6 billion and that, with the pods leaving every two minutes typically, the system could accommodate the six million people who take a trip that path every year. However, he stated that, in between running SpaceX and Tesla, he might not dedicate time to the Hyperloop’s development.Erik Gregersen Find out more in these related Britannica short articles: