BUSINESS TIPS

Steps Elon Musk Built his Business Empire

We all know Elon musk, the great man who was able to  built his business empire of Tesla and space x, has made a lot of headlines with his present  accomplishment neural link. So in this post now available in this platform, we would be breaking down Elon’s journey to being not only a billionaire but a business tycoon.

  • Elon was born in South Africa to an engineer father and model mother on June 28, 1971.6
  • Reaching at the age 12, He sold his 1st video game that he coded for $500.
  • After being motivated by Hitchhiker’s Guide to the Galaxy, He made up his mind that that his new life mission would be to save humanity.
  • frond Stanford PhD program after two days to help found Zip2, which he started with a $28,000 loan from his father.
  • He later received return of $22 million from the sale of Zip2 to Compaq, which he used to start up x.com.
  • X.com merges with another online bank (Confinity) to form Paypal which everyone is now making use of.
  • Elon expelled as CEO from Paypal while on his honeymoon, yet still invests more money in the company regardless of what happened.
  • He discovers that space rockets are artificially overpriced, and starts SpaceX to build his own rockets.
  • Elon gets $250 million from the sale of Paypal to eBay.
  • Meets Tesla founders Marc Tarpenning and Martin Eberhard, and introduces them to JB Straubel. Elon invests in Tesla.
  • After having three SpaceX rockets explode while reaching bankruptcy with Tesla, Elon takes action.
  • He takes over as CEO of Tesla and raises an emergency fifth round of financing. Meanwhile, his fourth rocket launch with SpaceX succeeds and a $1.6B contract with NASA is signed.
  • Tesla goes public at $17 per share (it trades for ~$250/share today)
  • He made us know about reusable rockets that could make space flight 100x cheaper and promises to also send humans to Mars by 2021-2031.

 

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