It takes a man of this altitude, to initiate ride like this in life, and make it back. Building an industrial empire, from virtually nothing. Astonishing chronicles of a 21th century visionary industrialist: Elon Musk. (he actually breaks into tears at some point in interview) 1995: Emigrated to United States When we moved to California, we had nothing. We were sleeping in library, and taking shower in school gym, not to have anyone notice we sleep there 1998: Founded PayPal - Revolutionizing banking, making electronic payments mainstream 2002: Sold PayPal to eBay for $1.7 billion dollars. Elons share of the gain: $180M Invested this entire fortune on two futuristic companies: SpaceX - Commercial space transportation vehicles (2002), Tesla Motors - Luxury electric cars (2003) 2008: Both companies on the verge of bankruptcy. SpaceX - had three consecutive failure on test rocket launch (fourth would be game over) Tesla - had banked a dozen models, all failed to pass either on safety or quality assurance. Elon Musk - Lost his entire fortune of $180M, virtually broke and in debt, going through a divorce. ... 2014: SpaceX - Largest private provider of commercial satellite delivery systems, largest NASA contractor (only company ever rented Kennedy space station from US government) Tesla - world leader in electric car manufacturing, top rating in consumer and safety reports, top luxury brand in America. Market cap: $26.7B Elon Musk - At the age of 42, married, with 5 children, Annual salary: $1. Total networth: $12B. Keynotes: Tesla is the first successful start-up company in car manufacturing, in 90 years Four entities have ever successfully sent a vehicle to orbit and back: United States, Soviet Union, Republic of China, and Elon Musk Musks: I never thought someone would really get into a nervous break down. I was almost there in Dec. 2008... But we maid it :) Morale of the story: Upon yours to make.
Posted on: Wed, 02 Apr 2014 16:11:41 +0000
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