Tesla's Elon Musk Now World's Richest Person - Transport ...

Video released by spacecraft maker Area, X celebrating its Dragon capsule, which on May 25, 2012, ended up being the first business spacecraft to dock with the International Area Station. Space, X (A Britannica Publishing Partner), (born June 28, 1971, Pretoria, South Africa), South African-born American entrepreneur who cofounded the electronic-payment company Pay, Pal and formed Area, X, maker of launch vehicles and spacecraft. He was also among the first significant financiers in, along with president of, the electric vehicle producer Tesla. Top Questions, Elon Musk was born on June 28, 1971. Elon Musk cofounded the electronic payment firm Pay, Friend and established the spacecraft business Space, X.

Elon Musk established Area, X, a business that makes rockets and spacecraft. He became the primary executive officer and a significant funder of Tesla, which makes electric cars. Musk was born to a South African dad 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 publication. In 1988, after acquiring a Canadian passport, Musk left South Africa since he hesitated to support apartheid through compulsory military service and since he looked for the greater economic chances readily available in the United States. Musk participated in Queen's University in Kingston, Ontario, and in 1992 he moved to the University of Pennsylvania, Philadelphia, where he received bachelor's degrees in physics and economics in 1997.

In 1995 he established Zip2, a company that offered maps and organization directories to online newspapers. In 1999 Zip2 was purchased by the computer producer Compaq for $307 million, and Musk then established an online financial services business, X.com, which later on became Pay, Friend, which specialized in transferring cash online. The online auction e, Bay bought Pay, Buddy in 2002 for $1. 5 billion. Musk was long convinced that for life to make it through, mankind needs to end up being a multiplanet species. However, he was disappointed with the excellent expenditure of rocket launchers. In 2002 he founded Area Expedition Technologies (Space, X) to make Homepage more economical rockets.

A third rocket, the Falcon Heavy (initially launched in 2018), was developed to bring 117,000 pounds (53,000 kg) to orbit, almost twice as much as its biggest competitor, the Boeing Business's Delta IV Heavy, for one-third the cost. Area, X has announced the successor to the Falcon 9 and the Falcon Heavy: the Super Heavy, Starship system. The Super Heavy first stage would can raising 100,000 kg (220,000 pounds) to low Earth orbit. The payload would be the Starship, a spacecraft developed for providing quick transport in between cities on Earth and constructing bases on the Moon and Mars.

Dragon can carry as numerous as 7 astronauts, and it had a crewed flight carrying astronauts Doug Hurley and Robert Behnken to the ISS in 2020. Musk sought to decrease the expense of spaceflight by establishing a completely recyclable rocket that could take off and go back to the pad it introduced from. Starting in 2012, Area, X's Grasshopper rocket made numerous short flights Continue reading to check such technology. In addition to being CEO of Area, X, Musk was also chief designer in building the Falcon rockets, Dragon, and Insect. Get a Britannica Premium membership and gain access to exclusive content. Subscribe Now Musk had long been interested in the possibilities of electric cars and trucks, and in 2004 he turned into one of the major funders of Tesla Motors (later on renamed Tesla), an electric vehicle business established by entrepreneurs Martin Eberhard and Marc Tarpenning.

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