Jeff Bezos, Elon Musk Top Forbes Billionaires List

Video released by spacecraft maker Area, X commemorating its Dragon capsule, which on May 25, 2012, became the first business spacecraft to dock with the International Area Station. Area, X (A Britannica Publishing Partner), (born June 28, 1971, Pretoria, South Africa), South African-born American entrepreneur who cofounded the electronic-payment company Pay, Buddy and formed Space, X, maker of launch lorries and spacecraft. He was also one of the very first substantial financiers in, in addition to ceo of, the electric vehicle maker Tesla. Top Concerns, Elon Musk was born on June 28, 1971. Elon Musk cofounded the electronic payment firm Pay, Friend and established the spacecraft business Area, X.

Elon Musk founded Space, X, a company that makes rockets and spacecraft. He ended up being the ceo and a significant funder of Tesla, that makes electric vehicles. Musk was born to a South African father and a Canadian mom. He displayed an early skill for computers and entrepreneurship. At age 12 he created a computer game and sold it to a computer system magazine. In 1988, after obtaining a Canadian passport, Musk left South Africa since he hesitated to support apartheid through required military service and since he looked for the greater financial chances available in the United States. Musk participated in Queen's University in Kingston, Ontario, and in 1992 he moved to the University of Pennsylvania, Philadelphia, where he got bachelor's degrees in physics and economics in 1997.

In 1995 he founded Zip2, a company that supplied maps and company directories to online newspapers. In 1999 Zip2 was bought by the computer producer Compaq for $307 million, and Musk then founded an online monetary services business, X.com, which later on ended up being Pay, Pal, which specialized in moving cash online. The online auction e, Bay purchased Pay, Friend in 2002 for $1. 5 billion. Musk was long persuaded that for life to make it through, humanity needs to become a multiplanet species. Nevertheless, he was dissatisfied with the fantastic cost of rocket launchers. In 2002 he founded Space Expedition Technologies (Space, X) to make more inexpensive rockets.

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A 3rd rocket, the Falcon Heavy (first launched in 2018), was created to bring 117,000 pounds (53,000 kg) to orbit, almost two times as much as its biggest competitor, the Boeing Business's Delta IV Heavy, for one-third the cost. Area, X has announced the successor to the Falcon 9 and the Falcon Heavy: the Super Heavy, Starship system. The Super Heavy first stage would be capable of raising 100,000 kg (220,000 pounds) to low Earth orbit. The payload would be the Starship, a spacecraft developed for supplying fast transportation between cities on Earth and constructing bases on the Moon and Mars.

Dragon can bring as many as seven astronauts, and it had a crewed flight bring astronauts Doug Hurley and Robert Behnken to the ISS in 2020. Musk looked for to lower the cost of spaceflight by developing a fully reusable rocket that could take off and go back to the pad it released from. Beginning in 2012, Space, X's Insect rocket made several short flights to test such technology. In addition to being CEO of Area, X, Musk was also chief designer in constructing the Falcon rockets, Dragon, and Insect. Get a Britannica Premium membership and gain access to special material. Subscribe Now Musk had actually long had an interest in the possibilities of electrical cars and trucks, and in 2004 he turned into one of the significant funders of Tesla Motors (later renamed Tesla), an electric vehicle business established by entrepreneurs Martin Eberhard and Marc Tarpenning.