In this technology and innovation era, who hasn’t heard of Elon Musk? He is a great technology entrepreneur, philanthropist, engineer, and industrial designer. He came with some crazy ideas and scale up the technical levels. In this blogpost we would be discussing some of the crazy yet successful companies started by him.
Elon Musk was born on 28th June, 1971 in South Africa. His actual journey to success started when he dropped out from Stanford where he was enrolled for Ph.D. and decided to start his own software company. In 1995, he started his company Zip2 and sold it in 1999 worth US$ 340 Mn.
He also contributed a lot in success if .com growth. After Zip2 he moved to another company, PayPal, which actually made him famous. PayPal was an online payment website. In 2002, Elon Musk sold it to eBay for US$ 1.5 Bn. This was just a start for his spectacular entrepreneurial career.
Let’s discuss some of his companies you should know about. It will also help you in knowing him better.
5 Successful Companies Created by Elon Musk
Have you ever looked at the sky and think of going into space or living on Mars or other planets? Well, apparently, Elon Musk thought the same and started a company named SpaceX n 2002. SpaceX is a privately held company, specialized in designing, manufacturing, and launching rockets into space.
And, the ultimate goal of Elon Musk is to turn our dream to live on other planets into reality. The company holds several world records for their excellent achievements.
In September 2008, SpaceX became the first company to put a satellite into Earth Orbit using its own Falcon1 rocket. As per Elon Musk, rockets should be reused after launch which can help in minimizing cost associated with space travel efficiently.
Initially, many space experts considered it impossible but in December 2015, Musk again created history when he managed to land Falcon rocket back onto the launch pad. As of now, the ongoing project of SpaceX is Starship, a spacecraft which is designed to launch all the Lunar-orbit, Earth-orbit and other interplanetary missions.
It also would be able to carry humans into space. Moreover, Elon Musk mentioned in his biography that his next target is to establish a Mars colony with a population of more than 80,000 people by 2020. Of course, it sounds difficult, but who knows!
Tesla Inc. was founded in July 2003. The company is one of the leading companies in the revolution of electric cars. In 2004, Elon Musk appointed as a chairman in Tesla and became product architect and CEO in 2008.
In 2019, Elon Musk was rewarded as a record holder as the longest-tenured chief executive officer of anu automotive manufacturing companies in the world. Tesla started from a small level with launch of their first electric sports care, the Tesla Roadster then moved further with Model S sedan.
In 20015 and 2016 Model S sedan registered highest sale and became the best-selling plug-in car in the world. Currently, Tesla sells four car models Model X, Model Y, Model 3, and Model S in which Model 3 registered highest sale in U.S. in 2018, with total sales of 139,782 cars per year. This also is a world record as no any electric car has registered sale of more than 100,000 units in a single year.
Elon Muskwanted to name the Model 3 as Model E as he wanted the name of Tesla’s first four vehicles i.e. Mosel S, Model E (Model3), Model X, and Model Y to spell “SEXY”. Though he could not do so as the Ford held the trademark for this model, but the idea was awesome 😀
Imagine if a time comes, when artificial intelligence controls human beings and even lead to their extinction. This could be a real concern for some people as AI is becoming more sophisticated every day.
Keeping this idea in mind, in December 2015, Elon Musk established OpenAI intended to make sure that AI make a safe and useful environment for humans in future and does not lead to any accidental harm for humans. Basically, OpenAI is basically saying better safe than sorry.
However, in February 2018, Musk resigned from the board of directors as Tesla was heavily investing in artificial intelligence and it can lead to a conflict of interest from him.
How about is you can connect your brain with artificial intelligence and turn into a human-robot with some extraordinary and mysterious powers. Yes, it actually is possible at some extent. A company named Neuralink exists, whose long-term focus is similar to this.
Elon Musk co-founded Neuralink in 2016 with an inspiration to a science fiction called neural lace. It is a brain computer interface which can be implanted into human brain and enables it for mind reading and other fantastic features.
The company is operating with employee strength of 90 who are working on a device which is being designed to implant very thin electrode threads into brain and enable it for mind reading.
The experiment was performed on lab-rats with more than 1500 electrodes (almost 15 times larger number than ever used on human brains. As per Neuralink, they will start human trial by the end of 2020.
What normal people do when they are stuck in traffic? Patiently wait to clear the traffic and vehicles start moving? Curse the drivers or traffic police as if it will help in disappearing the traffic or repeatedly sound the horn? You must be doing one of the above things when stuck in traffic. But, do you want to know what Elon Musk did when he was in traffic? In 2017, when he stuck in traffic, first he tweeted that traffic is driving him nuts and he is going to build a tunnel to escape from this situation. He established a privately funded company intended to fix the problems occurred by 2D transport system. He named the company Boring Company.
Elon Musk wanted to create tunnels or tubes under the ground to minimize the occurrences of traffic jams. These tunnels were supposed to have electrically powered autonomous vehicles with speeds of almost 250 km per hour. People can use these underground tunnels to travel from one place to another. The high speed of these vehicles would decrease travelling cost, traffic jams, and commute time. Also, it will help in minimizing greenhouse gas emissions. Currently, in United States there are several such tunneling projects are under progress including East Coast Washington D.C. to Baltimore Loop, The Chicago Express Loop, Las Vegas Convention Center Loop, and Dugout Los Angeles Loop.