Elon Musk - Businessperson Of The Year 2020 - Fortune

Video released by spacecraft maker Area, X celebrating its Dragon capsule, which on May 25, 2012, became the first business spacecraft to dock with the International Spaceport Station. Area, X (A Britannica Publishing Partner), (born June 28, 1971, Pretoria, South Africa), South African-born American business owner who cofounded the electronic-payment company Pay, Friend and formed Area, X, maker of launch lorries and spacecraft. He was also one of the very first significant financiers in, along with chief executive officer of, the electric car producer Tesla. Top Questions, Elon Musk was born on June 28, 1971. Elon Musk cofounded the electronic payment firm Pay, Pal and founded the spacecraft business Space, X.

Elon Musk founded Space, X, a company that makes rockets and spacecraft. He became the chief executive officer and a major funder of Tesla, which makes electric cars and trucks. Musk was born to a South African father and a Canadian mom. He showed an early talent for computer systems and entrepreneurship. At age 12 he created a computer game and sold it to a computer system magazine. In 1988, after getting a Canadian passport, Musk left South Africa due to the fact that he hesitated to support apartheid through compulsory military service and due to the fact that he sought the higher financial opportunities offered in the United States. Musk went to Queen's University in Kingston, Ontario, and in 1992 he transferred to the University of Pennsylvania, Philadelphia, where Visit this page he got bachelor's degrees in physics and economics in 1997.

In 1995 he founded Zip2, a business that supplied maps and service directories to online papers. In 1999 Zip2 was bought by the computer maker Compaq for $307 million, and Musk then founded an online financial services company, X.com, which later on became Pay, Pal, which specialized in moving cash online. The online auction e, Bay purchased Pay, Buddy in 2002 for $1. 5 billion. Musk was long convinced that for life to survive, humanity needs to become a multiplanet types. However, he was dissatisfied tesla elon musk baby name with the excellent expense of rocket launchers. In 2002 he founded Area Exploration Technologies (Space, X) to make more budget friendly rockets.

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A 3rd rocket, the Falcon Heavy (first launched in 2018), was designed to bring 117,000 pounds (53,000 kg) to orbit, almost two times as much as its biggest rival, the Boeing Company's Delta IV Heavy, for one-third the expense. Space, X has announced the follower to the Falcon 9 and the Falcon Heavy: the Super Heavy, Starship system. The Super Heavy very first phase would can raising 100,000 kg (220,000 pounds) to low Earth orbit. The payload would be the Starship, a spacecraft designed for providing quick transport in between cities in the world and constructing bases on the Moon and Mars.

Dragon can bring as numerous 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 lower the cost of spaceflight by developing a completely multiple-use rocket that could take off and go back to the pad it released from. Beginning in 2012, Area, X's Insect rocket made a number of short 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 Insect. Get a Britannica Premium subscription and gain access to unique content. Subscribe Now Musk had long had an interest in the possibilities of electrical cars, and in 2004 https://tfsites.blob.core.windows.net he ended up being one of the major funders of Tesla Motors (later on renamed Tesla), an electrical automobile business founded by business owners Martin Eberhard and Marc Tarpenning.