Elon Musk

CEO of SpaceX, CEO of Tesla, Owner of X Corp.

Business Leaders 🇿🇦 South Africa

Elon Reeve Musk is a visionary South African-born entrepreneur, investor, and business magnate who has profoundly influenced several industries, including automotive, aerospace, and artificial intelligence. Known for co-founding PayPal, founding SpaceX, co-founding Tesla, Inc., and acquiring Twitter (now X Corp.), he is a leading figure in the pursuit of sustainable energy, space exploration, and advanced technology. His ambitious goals include colonizing Mars and accelerating humanity's transition to renewable energy sources.

Biography

Early Life and Background

Elon Reeve Musk was born on June 28, 1971, in Pretoria, Transvaal, South Africa. His father, Errol Musk, was a South African engineer, property developer, and pilot, and his mother, Maye Musk (née Haldeman), was a Canadian-American model and dietitian. Elon has a younger brother, Kimbal Musk, and a younger sister, Tosca Musk. His parents divorced in 1980, and Elon primarily lived with his father in Pretoria. From an early age, Musk displayed a keen intellect and an intense interest in reading and computers. He taught himself computer programming at the age of ten and, by the age of twelve, created and sold the code for a video game called "Blastar" to PC and Office Technology magazine for approximately $500. His childhood was reportedly challenging, marked by bullying at school, which fostered a desire to leave South Africa and move to the United States.

Education

Musk attended Waterkloof House Preparatory School and Bryanston High School before graduating from Pretoria Boys High School. At the age of seventeen, in 1989, he moved to Canada to avoid compulsory service in the South African Defence Force and to pursue better economic opportunities. He enrolled at Queen's University in Kingston, Ontario, where he studied for two years. In 1992, he transferred to the University of Pennsylvania, where he pursued a dual-degree program. He earned a Bachelor of Science in Physics from the College of Arts and Sciences and a Bachelor of Science in Economics from the Wharton School in 1997. In 1995, Musk moved to California to attend Stanford University, where he was accepted into a Ph.D. program in applied physics and materials science. However, he dropped out of the program after just two days to pursue his entrepreneurial aspirations during the dot-com boom.

Career

Musk's entrepreneurial journey began in 1995 when he co-founded Zip2 Corporation with his brother, Kimbal Musk. Zip2 was a web software company that provided online city guides for newspapers. In 1999, Zip2 was acquired by Compaq for $307 million in cash and $34 million in stock, with Elon Musk receiving $22 million from the sale. Immediately after, in March 1999, Musk co-founded X.com, an online financial services and email payment company. X.com merged with Confinity in 2000, which owned the PayPal money transfer service. The merged company was renamed PayPal, and Musk briefly served as its Chief Executive Officer before being replaced. In 2002, eBay acquired PayPal for $1.5 billion in stock, of which Musk received $165 million.

Following the sale of PayPal, Musk founded Space Exploration Technologies Corp., known as SpaceX, in May 2002, with the ambitious goal of reducing space transportation costs and enabling the colonization of Mars. He serves as the Chief Executive Officer and Chief Engineer. SpaceX has developed several launch vehicles, including the Falcon 1, Falcon 9, and Falcon Heavy, as well as the Dragon spacecraft for cargo and crew transport to the International Space Station. The company is also developing Starship, a fully reusable super heavy-lift launch system, and the Starlink satellite internet constellation.

In 2004, Musk became a major investor and chairman of Tesla Motors, Inc. (now Tesla, Inc.), an electric vehicle company co-founded by Martin Eberhard and Marc Tarpenning. He played a crucial role in the development of the company's first product, the Tesla Roadster. In 2008, he assumed the role of Chief Executive Officer and Product Architect. Under his leadership, Tesla has expanded its product line to include the Model S, Model X, Model 3, Model Y, and the Cybertruck, along with developing battery energy storage, solar panels, and other related energy products. Tesla's Gigafactories have become significant manufacturing hubs globally.

Musk also co-founded SolarCity, a solar energy services company, with his cousins Lyndon and Peter Rive in 2006. Tesla acquired SolarCity in 2016. In 2016, he founded The Boring Company, an infrastructure and tunnel construction company aimed at developing underground public transportation systems. That same year, he co-founded Neuralink, a neurotechnology company focused on developing implantable brain-machine interfaces. Most recently, in October 2022, Musk acquired Twitter, Inc. for approximately $44 billion, subsequently renaming it X Corp. He served as Chief Executive Officer of X Corp. until June 2023, when he appointed Linda Yaccarino to the role, while he transitioned to Chairman and Chief Technology Officer.

Major Achievements

Elon Musk's major achievements span multiple industries. Through SpaceX, he revolutionized the aerospace industry by pioneering reusable rocket technology, significantly lowering the cost of space launches, and establishing private sector capabilities for crewed spaceflight. SpaceX became the first private company to send cargo and then astronauts to the International Space Station, and its Starlink constellation is rapidly expanding global internet access. At Tesla, he played a pivotal role in accelerating the global transition to electric vehicles, making them mainstream and developing advanced battery technology and autonomous driving capabilities. His companies have pushed the boundaries of artificial intelligence, sustainable energy, and neurotechnology. He has been recognized globally for his entrepreneurial spirit and his audacious vision for humanity's future, including making life multi-planetary through Mars colonization.

Personal Life

Elon Musk has been married three times, twice to the same woman. He married Canadian author Justine Wilson in 2000, and they had six children: a son named Nevada Alexander Musk, who died of SIDS at ten weeks old, and then twins Griffin Musk and Vivian Jenna Wilson (formerly Xavier Alexander Musk), followed by triplets Kai Musk, Saxon Musk, and Damian Musk. They divorced in 2008. He then married English actress Talulah Riley in 2010, divorced in 2012, remarried in 2013, and divorced again in 2016. He has three children with Canadian musician Grimes (Claire Boucher): a son named X Æ A-Xii Musk (pronounced 'X-Ash-A-Twelve'), a daughter named Exa Dark Sideræl Musk (known as 'Y'), and another son named Techno Mechanicus (known as 'Tau'). Additionally, he has twins with Neuralink executive Shivon Zilis, born in 2021. In total, Elon Musk is known to have eleven children. His personal life has often been scrutinized by the media, particularly his relationships and his candid, often controversial, remarks on social media platforms.

Legacy

Elon Musk's legacy is defined by his relentless pursuit of groundbreaking technological advancements and his audacious vision for the future of humanity. He is widely regarded as one of the most influential entrepreneurs of the 21st century, having disrupted established industries and inspired a new generation of innovators. His companies, SpaceX and Tesla, are at the forefront of space exploration and sustainable energy, respectively, with profound implications for environmental sustainability and our understanding of the universe. While often a controversial figure due to his public statements and management style, his impact on technology, business, and popular culture is undeniable. His long-term goals, such as establishing a self-sustaining human colony on Mars and transitioning the world to renewable energy, represent a monumental vision that will continue to shape discussions about humanity's future for decades to come.

Career Timeline

1971 – Present

Birth

Born Elon Reeve Musk in Pretoria, Transvaal, South Africa.

1995 – 1999

Co-founded Zip2

Zip2 Corporation

Co-founded a web software company providing online city guides; sold to Compaq for $307 million.

1999 – 2002

Co-founded X.com/PayPal

X.com / PayPal

Co-founded online financial services company X.com, which merged with Confinity (PayPal); PayPal was acquired by eBay for $1.5 billion.

2002 – Present

Founded SpaceX

Space Exploration Technologies Corp. (SpaceX)

Founded SpaceX with the goal of revolutionizing space transportation and enabling human colonization of Mars; currently serves as CEO and Chief Engineer.

2004 – Present

Joined Tesla, Inc.

Tesla, Inc.

Became a major investor and chairman of Tesla Motors, Inc., later becoming CEO in 2008, leading the company's growth in electric vehicles and sustainable energy.

2016 – Present

Founded Neuralink and The Boring Company

Neuralink / The Boring Company

Co-founded Neuralink to develop brain-machine interfaces and founded The Boring Company for tunneling and infrastructure projects.

2022 – Present

Acquired Twitter (X Corp.)

X Corp.

Acquired Twitter, Inc. for $44 billion, subsequently renaming it X Corp. and serving as its owner, Chairman, and CTO.

Related Profiles