In the year 2002, when Paypal was sold to eBay for $1.5 billion, Elon Musk got $180 million from its share. From that, he invested $100 million in SpaceX, 70 million in Tesla, and $10 million in Solarcity and used to stay at the rented apartment. Before that, Musk went to Moscow, Russia, in 2001 to buy rockets at a lower price, but Russians rejected to sell at a price demanded by Musk. Musk then came back to U..S. at empty hand and built his own reusable rockets, which were much cheaper than buying rockets.
He worked hard and read books more than 10 hours a day about reusable rockets. He got the first failure in 2006 because of the rocket explosion, second in 2007, and third in 2008. In December 2008, Tesla and SpaceX were at bankruptcy, and they were having a cash balance of only two weeks for survival.
During the darkest days of the Model 3 program, Telsa's CEO attempted to sell his electric car company to Apple Company at 1/10th of the current value in 2013. At that time, Tesla's market value was $60 billion. But the CEO of the Apple company, Tim Cook, refused even to take the meeting. Later in the year, Musk tried to sell his company to his friend Larry Page, the co-founder of the Google Company as a potential savior of the company which by this point was in a nosedive, forced to quietly shut down its production facility and struggling to be taken seriously by high-end suppliers it relied on.
Musk demanded Google buy to Tesla for $6bn with a $5bn sum for factory expansions, with guarantees that Google wouldn’t simply break up the company and that Musk could run it for eight years or until it produced its third-generation car. But at the last hour, the sales of the tesla cars began to grow, and Musk refused the deal with Larry Page. He started investing in other companies like Hyperloop, Neuralink, OpenAI, and many other companies. Also, the 4th rocket launched got successful for SpaceX company and landed safely in the year 2018. Both the companies begin to grow to make Elon Musk in the billionaries.
Today Tesla company's market valuation is about $700 billion, out of which Elon Musk holds 22.4% of the stake of the Tesla company and SpaceX's valuation is $74 billion, out of which Elon Musk's stake is 54% of the SpaceX company, making him the second-largest richest person on the earth with $151 billion.
Elon Musk also has several other projects that don’t yet have a definite timetable or have none been made public. On top of these is the Hyperloop, which Musk decided would be something either Tesla or SpaceX would be more involved with. Another project in its earliest stages of development is Neuralink, Musk’s attempts to merge the human brain with AI. It’s easy to get lost with so many multifarious goals that Musk has across this smorgasbord of companies, so let’s put these down in a list; Here’s what Musk plans to achieve by 2030.
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