Who Is Elon Musk, And What Made Him Big? - Business ...

Video launched by spacecraft maker Area, X commemorating its Dragon pill, which on May 25, 2012, became the very first commercial spacecraft to dock with the International Spaceport Station. Space, X (A Britannica Publishing Partner), (born June 28, 1971, Pretoria, South Africa), South African-born American entrepreneur who cofounded the electronic-payment firm Pay, Buddy and formed Space, X, maker of launch vehicles and spacecraft. He was likewise among the very first substantial investors in, along with primary executive officer of, the electrical car producer Tesla. Top Questions, Elon Musk was born upon June 28, 1971. Elon Musk cofounded the electronic payment company Pay, Friend and established the spacecraft company Area, X.

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Elon Musk established Area, X, a business that makes rockets and spacecraft. He became the ceo and a significant funder of Tesla, that makes electrical vehicles. Musk was born to a South African father and a Canadian mom. He showed an early skill for computers and entrepreneurship. At age 12 he created a computer game and sold it to a computer magazine. In 1988, after obtaining a Canadian passport, Musk left South Africa due to the fact that he was reluctant to support apartheid through required military service and due to the fact that he sought the higher financial opportunities available in the United States. Musk went to Queen's University in Kingston, Ontario, and in 1992 he moved to the University of Pennsylvania, Philadelphia, where he got bachelor's degrees in physics and economics in 1997.

In 1995 he established Zip2, a company that supplied maps and company directory sites to online newspapers. In 1999 Zip2 was purchased by the computer manufacturer Compaq for $307 million, and Musk then established an online financial services company, X.com, which later on ended up being Pay, Buddy, which focused on transferring cash online. The online auction e, Bay bought Pay, Pal in 2002 for $1. 5 billion. Musk was long persuaded that for life to endure, humanity needs to become a multiplanet species. However, he was dissatisfied with the great cost of rocket launchers. In 2002 he founded Area Expedition Technologies (Area, X) to make more affordable rockets.

A 3rd rocket, the Falcon Heavy (first launched in 2018), was developed to bring 117,000 pounds (53,000 kg) to orbit, almost twice as much as its largest competitor, the Boeing Business's Delta IV Heavy, for one-third the cost. Space, X has actually announced the successor to the Falcon 9 and the Falcon Heavy: the Super Heavy, Starship system. The Super Heavy very first stage would can raising 100,000 kg (220,000 pounds) to low Earth orbit. The payload would be the Starship, a spacecraft designed for supplying fast transportation in between cities in the world and developing bases on the Moon and Mars.

Dragon can bring as many as 7 astronauts, and it had a crewed flight bring astronauts Doug Hurley and Robert Behnken to the ISS in 2020. Musk looked for to decrease the expenditure of spaceflight by developing a completely recyclable rocket that might take off and return to the pad it introduced from. Beginning in 2012, Area, X's Insect rocket made several brief flights to test such innovation. In addition to being CEO of Space, X, Musk was likewise primary designer in constructing the Falcon rockets, Dragon, and Grasshopper. Get a Britannica Premium membership and gain access to exclusive content. Subscribe Now Musk had actually long been interested in the possibilities of electrical automobiles, and in 2004 he turned into one of the significant funders of Tesla Motors (later relabelled Tesla), an electrical car company established by business owners Martin Eberhard and Marc Tarpenning.