If you limit your mind and refuse to think out of the box, your vision becomes merely a dream. There is a famous quote that ideas rule the world. It is because some individuals brought in innovations that redefined the human race.
Today’s story is about Elon Reeve Musk, born June 28, 1971, an entrepreneur, business magnate, and popularly known as Elon Musk. Musk was born to a Canadian mother and a South African father and raised in Pretoria, South Africa. He briefly attended the University of Pretoria before moving to Canada, aged 17, to attend Queen’s University. He transferred to the University of Pennsylvania two years later, where he received bachelor’s degrees in economics and physics. He moved to California in 1995 to attend Stanford University but decided instead to pursue a business career, co-founding the web software company Zip2 with brother Kimbal.
Musk was bullied throughout his childhood and was hospitalized after a group of boys threw him down a flight of stairs. He was branded as a novice at some point in his business dealings because some business associates saw him as incompetent.
He began to gain momentum when he co-founded a software company with Kimbal and Greg Kouri named Zip2 with funds from angel investors in 1995. In 1999, Musk co-founded X.com, an online financial services, and e-mail payment company. The startup was one of the first online banks to be federally insured, and, within its initial months, over 200,000 customers joined the service. In 2001, Musk became involved with the nonprofit Mars Society. He was inspired by plans to place a plant growth chamber on Mars and discussed funding the project himself. Finally, with $100 million of his early fortune, Musk founded Space Exploration Technologies Corp., traded as SpaceX, in May 2002.
His Eureka moment finally arrived when SpaceX succeeded in launching the Falcon 1 in 2008 after three failed attempts. It was the first private liquid-fuel rocket to reach Earth orbit. Under his leadership, SpaceX unveiled its next-generation launch vehicle and the spacecraft system, Big Falcon Rocket (BFR), later renamed to “Starship,” which would support all SpaceX launch service provider capabilities. Musk’s biggest achievement would later shake the world by surprise when he invented the first electric cars through his company known as Tesla, Inc. in 2008. This happens to be the same time he achieved a leadership role as CEO and product architect.
His other achievement includes co-founding Neuralink, a neurotechnology startup company to integrate the human brain with AI; The Boring Company specialized in constructing tunnels, and many more. Today, Musk is one of the wealthiest people globally and has earned himself a reputation as an individual who led the revolution of the paradigm shift from crude oil.