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Elon Musk

About Elon Musk

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Who is Elon Musk

Elon Musk is a South African-born American industrial engineer, entrepreneur, who co-founded Paypal and founded aerospace transportation services company SpaceX. He is also one of the early investors in Tesla, an electric car company, and now the Chief Executive Officer of the firm as well. With a $70.5 bn fortune, Musk sits comfortably at the 7th spot in the world's top 10 billionaires list.
Early years
 
Born in 1971, Elon Musk displayed an early talent in computers and video games and at the age of 12 created a video game code that earned him fame, as well as a fortune. He acquired a Canadian passport to avoid supporting apartheid in Africa at the time and also due to greater economic opportunities in the United States.
 
Paypal and SpaceX
 
Musk has created several successful firms since he left Stanford University in 1997. That year, he created the first company - Zip2. The firm,  which provided maps and business directories to online newspapers, was bought by Compaq in 1999. Then he created X.com which eventually merged with PayPal, which went public in 2001, and in 2002 eBay bought the firm for $1.5 bn. Musk in 2002, formed SpaceX and since then the aerospace firm has covered several milestones over the years. SpaceX became the first company to successfully relaunch and land at the first stage of an orbital rocket in late 2017. In 2020, SpaceX made history on May 30, after it flew NASA astronauts Doug Hurley and Bob Behnken, to space aboard its Crew Dragon spacecraft using a Falcon 9 rocket.
 
Tesla
 
In 2004, Musk invested heavily in Tesla, an electric car company as he believed electric vehicles to be the future of mobility. Two years after introducing the first car, Tesla, in 2008, introduced the Model S sedan, which was praised by automotive critics for its performance and design. The company eventually made him a billionaire at the age of 40 in 2012. Musk, as the CEO of Tesla, landed himself in several controversies which resulted in stocks tanking by a huge margin. In 2018, Musk ran into trouble after his tweet falsely claimed that he had secured funding and was considering taking Tesla private at $420 per share. It resulted in both him and Tesla paying a $20 million fine and Musk agreeing to step down as chairman of Tesla's board. However, despite controversies, Tesla stocks have continued to grow adding to his wealth

Latest Updates on Elon Musk

One obstacle for Starlink is the complexity of the certification process, Gigante said. She said IAG is evaluating various options, including when the group could install a new service

Updated On: 24 Dec 2024 | 11:39 AM IST

X offers premium-plus subscribers ad-free browsing and features such as expanded access to the Grok AI chatbot and Radar, which offers real-time analytics on emerging trends through keyword tracking

Updated On: 23 Dec 2024 | 7:50 PM IST

Sriram Krishnan is expected to shape the Trump administration's AI policy. In 2021, Krishnan and his wife Aarthi Ramamurthy gained recognition as the hosts of a podcast

Updated On: 23 Dec 2024 | 12:08 PM IST

Billionaire Jeff Bezos rejected reports that he was planning an extravagant $600 million wedding with partner Lauren Sanchez in Aspen, Colorado

Updated On: 23 Dec 2024 | 11:20 AM IST

A modern-day version would essentially lead to a break-up of Musk's increasingly monopolistic conglomerate of companies

Updated On: 23 Dec 2024 | 7:56 AM IST

Trump told a conservative audience in Phoenix, addressing growing complaints about the outsized role the Tesla boss has already had in his incoming administration

Updated On: 23 Dec 2024 | 7:47 AM IST

Musk's objections to the 1,547-page omnibus bill included misinformation about congressional salaries, federal funding and public health preparedness

Updated On: 21 Dec 2024 | 12:16 PM IST

Johnson insisted Congress would "meet our obligations" and not allow federal operations to shutter ahead of the Christmas holiday season

Updated On: 21 Dec 2024 | 6:53 AM IST

There's a larger coterie of tech world Trump supporters who are now working with the incoming administration

Updated On: 20 Dec 2024 | 8:23 AM IST

The stopgap spending measure, designed to extend government funding until March 14, met resistance from President-elect Donald Trump and Elon Musk

Updated On: 19 Dec 2024 | 2:55 PM IST

Trump's joint statement with Vice President-elect JD Vance, which stopped the bill in its tracks, punctuated a daylong torrent of social media posts by Musk attacking the budget legislation

Updated On: 19 Dec 2024 | 8:24 AM IST

Trump also rejected the interim spending package House Speaker Mike Johnson negotiated to keep the government operating beyond a Friday lapse

Updated On: 19 Dec 2024 | 8:17 AM IST

Donald Trump on Wednesday - just days before federal funding is set to expire - said he wanted lawmakers to include an increase to the debt ceiling in the package

Updated On: 19 Dec 2024 | 7:53 AM IST

Steve Davis, president of Boring Co., Musk's tunneling operation, and Michael Kratsios, former US chief technology officer, are among those leading interviews of potential candidates

Updated On: 19 Dec 2024 | 7:45 AM IST

Musk has time and again advocated for Donald Trump and advised him on government formation and taking a lead role in a new effort to cut federal spending

Updated On: 18 Dec 2024 | 12:50 PM IST

Experts are split on whether that overlap in public opinion is a good or bad thing for Musk's businesses or for Trump's politics

Updated On: 18 Dec 2024 | 12:06 PM IST

Elon Musk is required to disclose details about his private life, foreign travel, and other personal activities under the continuous vetting process required for security clearance at SpaceX

Updated On: 18 Dec 2024 | 10:54 AM IST

Starlink, known for offering satellite internet services, does not hold a license to operate in India

Updated On: 18 Dec 2024 | 10:42 AM IST

The recovery of the Starlink-like device has prompted relevant agencies to investigate how the equipment found its way to the strife-torn state

Updated On: 18 Dec 2024 | 7:27 AM IST

Nvidia CEO Jensen Huang gained $76 bn in 2024, driven by Nvidia's AI dominance. With a $115 bn net worth, he ranks third in wealth growth, trailing Musk and Zuckerberg

Updated On: 17 Dec 2024 | 4:00 PM IST