Sunday, October 27, 2013
People in Tech: Elon Musk
Recently I've been hearing a lot in tech headlines about a man named Elon Musk. I first heard his name in an article about him driving a Tesla Motors Model S across the United States. After his name appeared in headlines a couple other times my interest was peaked about him, and I decided to do some research. Overall, I found Elon Musk to be a very interesting and important man, especially because his name doesn't produce a spelling error as I am writing this, and he is called the real life Iron Man. Today I will explain a little bit about this man and what he is involved in that makes him, in my opinion, one of the most interesting and successful men in the world.
To start off, Musk was born in South Africa and is now 42. Basically, the man is a complete winner in business. He was a cofounder of Zip2, PayPal, SpaceX, and Tesla Motors. If you haven't heard about any of these companies, let me tell you right now they are extremely valuable companies, the smallest on, Zip2, he sold for a total of $341 million. From that "small" project he moved onto what was to become PayPal. This company started out as X.com that was a financial services and e-mail payment company, and in an extremely smart business move they acquired PayPal and changed the name of the company to PayPal. This guy was acquired by eBay for a grand total of $1.5 billion.
Now to the big dogs. SpaceX was his next project, a company that focused on space exploration technology that was given a $1.6 billion contract by NASA, that's right, not even a buyout. SpaceX has gone on to create rockets on a partially private basis which makes it an extremely unique company and one which hopes to reach Mars faster than NASA probably will. And finally the most recent company, Tesla Motors. Tesla Motors makes luxury sports cars with a special feature, they're fully electric. That means no pollution and amazing gas mileage. Tesla Motors' Model S sports sedan goes for the nifty price of $100,000 per car and the company is proving to be extremely profitable despite the price tag for a car. So I hope that by now you've realized that Musk is either a genius in business, or the luckiest man in the world.
Now for an interesting part to wrap it up. Even though he is valued at $8.8 billion, Elon Musk is actually a very interesting man beyond the strict business world. For example, he recently spent over $80,000 tricking out a watch and a pair of boots to do awesome things such as shoot fire. He also bought the original James Bond underwater car and plans to make it fully functional. His personality is interesting as well, as he just commented on a Tesla Motors subject, saying fuel cells are "so bulls**t". As I hope I laid out for you, this little known but very rich man is a person to look up to and to look at to see just what he'll to next to impress the world.
Musk with a Tesla Model S
Musk by a SpaceX Project