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Famous Entrepreneur Research Project
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Famous Entrepreneur Research Project
Elon Musk
Elon Musk
Who is Elon Musk?
Who is Elon Musk?
Elon Reeve Musk is a South African-born American entrepreneur and businessman who founded X.com in 1999 (which later became PayPal), SpaceX in 2002 and Tesla Motors in 2003.
Where Was he Born?
Where was Elon Born?
Musk was born on June 28, 1971, in Pretoria, South Africa.
Pretoria, South Africa
Elon's Childhood
As a child, Musk was so lost in his daydreams about inventions. At about the time of his parents’ divorce, when he was 10, Musk developed an interest in computers. In grade, he was bullied until he was 15 and learned how to defend himself with karate and wrestling
Childhood
Education
In 1992, Musk left Canada to study business and physics at the University of Pennsylvania. He graduated with an undergraduate degree in economics and stayed for a second bachelor’s degree in physics. Musk was short, introverted and bookish.
Schooling
Business
Musk launched his first company, Zip2 Corporation, in 1995 with his brother, Kimbal Musk. An online city guide. In 1999, Compaq Computer Corporation bought Zip2 for $307 million in cash and $34 million in stock options.
Business
How did it start?
How Did It Start?
In the ’90s, before he struck it rich as an entrepreneur, Musk had to sleep at the office because he couldn’t afford an apartment. “When my brother and I were starting our first company, instead of getting an apartment, we just rented a small office and we slept on the couch,” Musk said in a speech at the University of Southern California.
The Idea
The Idea
Musk conceived the idea, in 1993, of making it possible for computer users to find local businesses at a time when computers were not yet ubiquitous. He brought on his brother, Kimbal Musk, and a friend, Gregory Kouri, as partners. In 1995, after acquiring a disc containing a business directory, Musk persuaded Navteq, a provider of electronic navigable maps, to give him free mapping software. He then wrote the code necessary to put the two databases—business listing and map—together.
Other Info.
Other Info.
One of the obstacles faced was shortage of funds. Elon Musk had regularly slept on the couch in his office. Zip2 was Musk's first ever business and it became very successful. Since the business had started in 1995, Zip2 shutdown in 1999. Elon Musk then went on to start X.com(PayPal). He is also the CEO of Tesla Motors and SpaceX.