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Elon Musk South African American entrepreneur and inventor best known for founding SpaceX, cofounding Tesla Motors and PayPal
About • Born June 28. 1971 in Pretoria, South Africa • Resides in Bel Air, Los Angeles, California • Studied at University of Pennsylvania, School of Arts and Sciences (B.A. Physics, B.S. Economics) • Salary of $33,280 per year • Net worth of $2.4 billion • CEO and CTO of SpaceX • CEO of Tesla Motors • Chairman of SolarCity
Awards and recognition • One of Time Magazine’s 100 people who most affected the world in 2010. • Named as one of the 75 most influential people of the 21st century by Esquire magazine. • R&D Magazine Innovator of the Year for 2007 for SpaceX, Tesla and SolarCity.
Awards and recognition • Automotive Executive of the Year (worldwide) in 2010 for demonstrating technology leadership and innovation via Tesla Motors. • In 2011, Musk was honored as a Legendary Leader at the Churchill Club Awards. • In 2012, Musk was awarded with the Royal Aeronautical’s Society’s highest award – a Gold Medal.
• Musk co-founded X.com, an online financial services and payment company, in March 1999. One year later, in a 50/50 merger, X.com acquired Confinity (auction payment system). • In February 2001, X.com changed its legal name to PayPal Inc. • PayPal’s growth was due in large part to a successful viral growth campaign created by Musk. • In October 2002, PayPal was acquired by eBay for $1.5 billion in stock.
• Musk is a co-founder and currently head of product design at Tesla Motors. • Musk is principally responsible for an overarching business strategy that aims to deliver affordable electric vehicles to mass-market consumers. • In addition to it’s own cars, the Tesla Roadster and the Model S, Tesla sells electric powertrains systems to Mercedes-Benz and Toyota. • Musk’s aim is to bring other carmakers to develop electric powertrains in order to reduce the use of fossil fuels and emissions.
• Musk founded his third company, SpaceX, in June 2002. He is currently the CEO and CTO of SpaceX. • SpaceX develops and manufactures space launch vehicles with a focus on advancing the state of rocket technology. • SpaceX was awarded a $1.6 billion NASA contract on 23 December 2008, for 12 flights of their Falcon 9 and Dragon spacecraft to the International Space Station.
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U.P.B. F.A.I.M.A. I.M.A. 1513 A Coordinating Professor: Suzana Cismas Students: Serhan Gherghescu Alexandru Salajan Andrei Serban