![]() However, he broke up with Justine after eight years and, in 2010, got married a second time to a British actress named Talulah Riley, with whom he has lived for four years. In 2000, he met his future wife, Justine Musk, who gave birth to his five sons: Damian, Griffin, Xavier, Saxon, and Kai. At 19, he entered Queens University in Kingston, Ontario. At first, he worked in low-paid jobs and, for almost a year, was teetering on the brink of poverty. Having obtained Canadian citizenship, Elon went to Montreal. In 1989, Elon Musk moved to Canada to his mother’s relatives. In 2022, he acquired Twitter for $44 billion. He was an early investor in Tesla, which manufactures electric vehicles and batteries. However, he did not get into the United States right away.Įlon Musk is the co-founder of PayPal and the founder of SpaceX, two companies that manufacture payment systems and spacecraft, respectively. After graduating from a secondary school in Pretoria, he decided to leave his home and, without the support of his parents, to immigrate to the United States. The first one was Musk’s decision when he was only 17. ![]() In Elon Musk’s biography, there were at least two such episodes. At 12, he earned $500 by selling the computer game Blastar (a shooter similar to Space Invaders) he had created.īiographies of famous people usually contain key episodes leading them to an overwhelming success. Elon immediately got interested in programming and started to learn it by himself. Musk spent his childhood in South Africa, and at the age of 9, he got his first personal computer, the Commodore VIC-20. His father is a South African-born British engineer, Errol Musk, and his mother is a Canadian-English and dietetics expert, Maye Musk. After tough losses in 2019, Tesla rebounded strongly in 2020 with 500,000 vehicle deliveries helping stock prices to surge and driving Musk to the status of the world’s richest man.Elon Reeve Musk was born in Pretoria, South Africa, on June 28, 1971. When Tesla went public in 2010, it opened on the NASDAQ at $17 per share and raised $226 million through its IPO. With less than $10 million in cash on hand, 10 percent of the company was sold to Daimler and a loan from the Department of Energy for $465 million also helped it to survive. Despite launching the Roadster, the company’s first consumer product, in 2008, Tesla faced serious financial difficulties. Musk has long been associated with the Tesla brand, but he didn't join the company until 2004 when he invested $30 million into it and became chairman of the board of directors. The Starlink satellite program alone is worth over $40 billion and it's estimated that, by 2040, Starlink will reach an annual cash flow of up to $24 billion. Starlink boosts competition in heavily populated areas typically dominated by one or two providers and makes broadband service more accessible in rural areas. Much of SpaceX’s value comes from its Starlink satellites, in which the company received permission from the United States government to launch for the purpose of providing internet service. Elon Musk: Roadsters, Satellites, & Surging Stock It is difficult to value SpaceX due to its unique technology and because it is not publicly traded, but Morgan Stanley values the company at over $100 billion. In 2008, a well-established SpaceX was contracted by NASA to transport cargo to the International Space Station. With no training in aeronautical engineering, Musk was still able to create and lead a team of rocket scientists at SpaceX, taking the company to the level of NASA. Musk believes that mankind’s long-term survival is at risk if limited to only one planet and his ultimate goal is Mars colonization. Ever the serial entrepreneur, Musk founded SpaceX in 2002 with the intention of building spacecraft for commercial space travel. Since Musk was the largest shareholder in PayPal, over 11 percent of its equity, he suddenly held $165 million worth of eBay stock. In 2002, eBay bought PayPal for $1.5 billion worth of eBay shares. Related: Can Tesla's Full Self-Driving Beta Drive Crookedest Street In The World?
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