The world which is changing with a astronomical speed with the grate innovation of the inventors like Ford,Edison,Steve Jobs,Bill Gate ,a another name added to that list is Elon R. Musk (Elon Reeve Musk).Born in South-Africa the Canadian American business magnate, investor, engineer, and inventor has a ton of inventions which is help the world to make a better place for live in.
He is the founder, CEO and CTO of Space X; a co-founder, Series A investor, CEO, and product architect of Telsa Inc.; co-chairman of Open AI; and founder and CEO of Nerulalink. Musk is also a co-founder and former chairman of Solarcity, co-founder of Zip2, and founder of X.com, which merged with Confinity and took the name PayPal.
Elon Musk founded tesla motors on 2003 at Palo Alto,California.The telsa motor is specialization in electric cars.lithium ion battery energy storage and residential photovoltic panels.Tesla who is bringing customers a full functional electric cars with auto drive mode that is called the car of future.Its model 3 starting price at $35,000.There is a huge demand of the cars because of it environment friendly specifications.
Founded in the year 1999,the giant startup organisation called X.com.Which is focused on financial services and email payments.A Year into their operations they merged with Confinity and adopted their best selling product PayPal.In 2014, eBay announced plans to spin-off PayPal into an independent company by mid-2015 and this was completed on July 18, 2015.On July 1, 2015, PayPal announced that it was acquiring digital money transfer company Xoom Corporation. PayPal spent $25 a share in cash to acquire the publicly traded Xoom, or about $1.09 billion. The deal was closed in the fourth quarter of 2015. The move strengthened PayPal’s international business, giving it access to Xoom’s 1.3 million active U.S. customers that sent about $7 billion in the 12 months ending on March 31, to people in 37 countries.
3. Space X
Tesla and Space X are two Parallel lines when in comes to popularity.Both are equally valuable though.Founded in 2002 , the eponymous Space X aims is reduced the transportation cost of space expeditions and colonization of Mars. SpaceX has since developed the Falcon launch vehicle family and the Dragon spacecraft family, which both currently deliver payloads into Earth Orbit.
The Hyperloop — high-speed travel in pods inside a partial-vacuum tube — is the brainchild of Tesla CEO Elon Musk, who open sourced the basic design in 2013 in the form of a white paper. The transportation system, which was introduced in 2013 aims to reduce the travel time from hours to minutes. It will be 4 times faster than a commercial flight.On August 12, 2013, Musk unveiled a concept for a high-speed transportation system incorporating reduced-pressure tubes in which pressurized capsules ride on an air cushion driven by liner induction motors and air compressor.
In 1992 Elon Musk and his brother started Zip2 ,a web software company.The company developed and marketed a internet city guide for the News paper industries with the contract of Chicago Tribuen and The New york Times.While at Zip2, Musk wanted to become CEO; however, none of the board members would allow it.Compac acquired Zip2 for US$307 million in cash and US$34 million in Stock options in February 1999. Musk received US$22 million for his 7% share from the sale.