Ellon Musk, Founder of Paypal & SpaceX

Elon Musk is widely recognized as one of the founders of PayPal, money transfer services to consumers on the Internet. Musk founded Space Exploration Technologies, or Space X which became the first private company that launches a rocket into space. Not only that, Musk also act as a founder of Tesla Motors that make electric cars.Musk was born in South Africa in 1971. His father worked as an engineer and his mother was a nutritionist. He was very fond of computers, until the age of 12 years, Musk has spawned his first work in the form of a code for a video game called Blastar. He sold it for a profit.




Musk lecture at Queen's University in Kingston, Ontario, Canada. He then moved to the University of Pennsylvania. He successfully graduated from there in economics and physics. He then escaped to Stanfor University in California, to learn more deeply in the doctoral program in the field of energy physics. Here, life Musk experienced a dramatic turning point.In 1995, at age 24, Musk out of Stanford after two days following the lecture to set up his first company, Zip2 Corporation. Zip2 an online city guide that provides content to the new online version of the New York Times and the Chicago Tribune. She struggles to keep Zip2 survive but eventually had to sell a majority stake to venture capitalists to invest up to 3.6 million US dollars.In 1999, Compaq Computer Corporation bought Zip2 worth 307 million US dollars. From the fantastic number, part Musk 'only' 22 million. He immediately turned rich at the age of 28 years. Taste great success not make it stop entrepreneurship. He started the business again.





In 1999, Musk start X.com to fund $ 10 million of sales Zip2. X.xom is an online bank and Musk regarded as an investor who contributed to the discovery of safe money transfer method using the recipient's email address.In 2000, X.com buy Confinity who have started the process of transferring money in the Internet called "Paypal". Musk named X.com/ Confinity into PayPal and narrowing the focus of their business to the service provider of money transfer services that span the globe.2002 to witness a PayPal bought by eBay for $ 1.5 billion. Musk back rolling in money. This time he did not enjoy the results of 22 million but 165 million dollars in stock eBay acquired from a business deal with eBay.





Success with PayPal, Musk kept going. In 2002, Musk launch SpaceX (Space Exploration Technologies). Musk act as a loyal member of the Mars Society, a nonprofit organization that supports the exploration of Mars and he is interested in setting up a greenhouse on Mars. SpaceX is also developing rocket technology.Two years after founding SpaceX, Musk founded Tesla Motors and colleagues. This time he acted as the sole product architect. The company makes electric sports car "Tesla Roadster".In 2006, Musk re-establish a new business. This time he was interested in the solar energy sector. SolarCity, the company he founded, focusing on services and products fotofoltaik. He founded SolarCity with her cousin, Lyndon Rive.



Official Content is Created By: Soft SEIO
Author: Imannuel Bellatrix
 

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