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Read Today's Paper Happy birthday Elon Musk! As Tesla boss turns 51, here's a look at his entrepreneurial journeySECTIONSHappy birthday Elon Musk! As Tesla boss turns 51, here's a look at his entrepreneurial journeyET Spotlight SpecialLast Updated: Jun 28, 2022, 09:17:00 PM ISTRate StoryFollow usShareFont SizeAbcSmallAbcMediumAbcLargeSavePrintCommentSynopsis
Tesla boss Elon Musk has turned 51 today. Here's a quick look at his key accomplishments.
AgenciesThe world's richest man started his journey as a young entrepreneur.Elon Musk celebrates his 51st birthday today. The world's richest man started his journey as a young entrepreneur. Here's a look at companies that Musk has owned or taken over.Zip2: This was an online yellow pages company, which Musk along with his brother, sold off to Compaq for a cool $300 million. Xcom: With an investment of $10 million from his sale of Zip2, he founded Xcom an e-payment company. Xcom was later merged with Confinity, and the new board ousted Musk to form PayPal. eBay bought PayPal in 2002 and Musk earned $180 million from the deal of $1.5 billion. SpaceX: With an investment of $100 million from the PayPal sell-off, Musk formed Space X with the objective to colonise Mars and create a space shuttle at one tenth of the cost of what others were aiming for. SpaceX is today a $125 billion company with 24 launches into space and holds many records along with NASA as a customer. It is also credited for being the first to use a reusable rocket called Falcon 9 with floating capabilities and landing on the ocean. Tesla: This was a company Elon Musk took over from Martin Eberhard and Marc Tarpening. In 2004, Musk joined the Tesla Board as Chairman and ousted Eberhard in 2007. Musk then took over as CEO.
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Open AI: A digital and technology research company, Musk co-founded Open AI to dedicate it to research on artificial intelligence. Solar City: Musk helped his cousins, Peter and Lyndon Rive, to get the company and operate it in 2006. Tesla in turn bought Solar City for $2.6 billion in 2016. Neuralink: This company was co-founded by Musk and today researches in Brain-Machine Interfaces (BMI). BMI can also be installed inside the body or the brain. Twitter: Elon Musk became the largest shareholder of this company in 2016 and offered $44 billion for its takeover. Work for the takeover is still on and once it happens Elon Musk plans to make it a free-speech application, where the algorithms would be open-source as anyone can access, and it would prevent spam completely. Have a great day birthday billionaire!Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel)Disclaimer Statement: This content is authored by an external agency. The views expressed here are that of the respective authors/ entities and do not represent the views of Economic Times (ET). ET does not guarantee, vouch for or endorse any of its contents nor is responsible for them in any manner whatsoever. Please take all steps necessary to ascertain that any information and content provided is correct, updated, and verified. ET hereby disclaims any and all warranties, express or implied, relating to the report and any content therein. Read More News onElon Musk Birthdayelon muskspacexnasaxcomebay(You can now subscribe to our Economic Times WhatsApp channel)Read More News onElon Musk Birthdayelon muskspacexnasaxcomebayPrime ExclusivesInvestment IdeasStock Report PlusePaperWealth Edition
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Add Now! (You can now subscribe to our Economic Times WhatsApp channel)Disclaimer Statement: This content is authored by an external agency. The views expressed here are that of the respective authors/ entities and do not represent the views of Economic Times (ET). ET does not guarantee, vouch for or endorse any of its contents nor is responsible for them in any manner whatsoever. Please take all steps necessary to ascertain that any information and content provided is correct, updated, and verified. ET hereby disclaims any and all warranties, express or implied, relating to the report and any content therein. Read More News onElon Musk Birthdayelon muskspacexnasaxcomebay(You can now subscribe to our Economic Times WhatsApp channel)Read More News onElon Musk Birthdayelon muskspacexnasaxcomebayPrime ExclusivesInvestment IdeasStock Report PlusePaperWealth Edition
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