Please enable JavaScript.
Coggle requires JavaScript to display documents.
Elon Reeve Musk - Coggle Diagram
Elon Reeve Musk
Life
Pretoria, South Africa
Born June 28, 1971
Pretoria, one of the capital cities of South Africa
Age 10: developed an interest in computing and video games, teaching himself programming from an user manual.
-
Attended Waterkloof House Preparatory School, Bryanston High School and graduated from Pretoria Boys High School.
-
-
Father is Errol Musk, a South African electromechanical engineer, pilot, sailor, consultant, and property developer who was a half-owner of a Zambian emerald mine near Lake Tanganyika.
Mother is Maye Musk, a model and dietitian born in Saskatchewan, Canada and raised in South Africa.
Canada
-
-
1990-92: Queen's University in Kingston, Ontario
Transferred to the University of Pennsylvania, where he completed studies for a Bachelor of Arts degree in physics and a Bachelor of Science degree in economics from the Wharton School in 1995
-
United States
-
Business career
Zip2
1995, Musk, his brother Kimbal, and Greg Kouri borrowed funds from Musk's father and founded Zip2.
Company developed an Internet city guide with maps, directions, yellow pages, and marketed it to newspapers.
-
Compaq acquired Zip2 for $307 million in cash in February 1999,
and Musk received $22 million for his 7% share.
X.com and PayPal
1999, Musk co-founded X.com, an online financial services and e-mail payment company.
X.com was one of the first federally insured online banks and over 200,000 customers joined after its initial months of operation.
Even though Musk founded the company, investors regarded him as inexperienced and replaced with Intuit CEO Bill Harris by the end of the year.
2000: X.com merged with online bank Confinity to avoid competition as Confinity's money-transfer service PayPal was more popular than X.com's service.
-
2002: PayPal was acquired by eBay for $1.5 billion in stock, of which Musk—the largest shareholder with 11.72% of shares—received $175.8 million.
SpaceX
2001: Musk became involved with the nonprofit Mars Society and discussed funding plans to place a growth-chamber for plants on Mars.
October 2001: Musk travelled to Moscow to buy refurbished rockets that could send the greenhouse payloads into space.
Unable to find affordable rockets, Musk decided to start a company that could build affordable rockets.
With $100 million of his early fortune, Musk founded SpaceX in May 2002 and became the company's CEO and Chief Engineer.
2008: after multiple failed attempts that nearly caused Musk and his companies to bankrupt, SpaceX succeeded in launching the Falcon 1 into orbit
Later that year, SpaceX received a $1.6 billion Commercial Resupply Services program contract from NASA for 12 flights of its Falcon 9 rocket and Dragon spacecraft to the International Space Station, replacing the Space Shuttle after its 2011 retirement.
In 2012, the Dragon vehicle berthed with the ISS, a first for a private enterprise. Musk credited the NASA award, one of the last actions by Mike Griffin as NASA Administrator, for saving the company.
Working towards its goal of reusable rockets, in 2015 SpaceX successfully landed the first stage of a Falcon 9 on an inland platform.
In 2018, SpaceX launched the Falcon Heavy; the inaugural mission carried Musk's personal Tesla Roadster as a dummy payload.
Since 2019, SpaceX is developing Starship, a fully-reusable, super-heavy-lift launch vehicle intended to replace the Falcon 9 and Heavy.
In 2020, SpaceX launched its first crewed flight, the Demo-2, becoming the first private company to place astronauts into orbit and dock a crewed spacecraft with the ISS.
SpaceX's Mission Statement
“To revolutionize space technology, with the ultimate goal of enabling people to live on other planets.”
Tesla
Incorporated in 2003 by Martin Eberhard and Marc Tarpenning, who financed the company
-
Feb 2004, Musk led the Series A round of investment in; he invested $6.5 million, became the majority shareholder, and joined Tesla's board of directors as chairman.
2004, Musk took an active role within the company and oversaw Roadster product design but was not deeply involved in day-to-day business operations.
Under Musk, Tesla has also constructed multiple lithium-ion battery and electric vehicle factories, such as Gigafactory 1 in Nevada, Gigafactory 2 in New York, Gigafactory 3 in China, Gigafactory 4 in Germany, and Gigafactory 5 in Texas.
Since its initial public offering in 2010, Tesla stock has risen significantly; it became the most valuable carmaker in summer 2020.
In October 2021 it reached a market capitalization of $1 trillion, the sixth company to do so in US history.
As of 2019, Musk was the longest-tenured CEO of any automotive manufacturer globally.
-
Neuralink
In 2016, Musk co-founded Neuralink, a neurotechnology startup company with an investment of $100 million.
Neuralink Mission Statement:
Striving to improve the lives of countless individuals through our high-bandwidth brain-computer interfaces.
The Boring Company
Mission Statement:
The Boring Company's goal is to build the tunnel infrastructure necessary to enable fast, safe, and comfortable transportation, including Loop and Hyperloop. To feasibly build a large network of tunnels, one must first rapidly innovate to increase tunneling speed and reduce tunneling costs.
Wealth
-
First listed on the Forbes Billionaires List in 2012, with a net worth of $2 billion.
Start of 2020, Musk had a net worth of $27 billion.
End of 2020, his net worth had increased by $150 billion, largely driven by his ownership of around 20% of Tesla stock.
September 27, 2021, Forbes announced that Musk had a net worth of over $200 billion, and was the richest person in the world, after Tesla stock surged.
November 2021, Musk became the first person with a net worth over $300 billion.
-
Philanthropy
Musk is president of the Musk Foundation, whose stated purpose is to: provide solar-power energy systems in disaster areas; support research, development, and support science and engineering educational efforts.
Since 2002, the foundation has made over 350 donations. Around half were to scientific research or education nonprofits.
In 2012, Musk took the Giving Pledge, thereby committing to give the majority of his wealth to charitable causes either during his lifetimes or in his will.