Elon Musk Biography | Tesla Motors | Hyperloop | SpaceX | Startup Stories

[Music] startup stories in association with oh look dot n like talent and dedication come together the result is Elon Musk never want to rest on his laurels he Lord has moved from achievement to other all the time bringing to the world a fresh idea or invention Elon has made solar energy affordable for the public through his company's solar setae and has made the dream of an electric car possible and inexpensive with Tesla Motors if this was not enough his SpaceX space travel adventures have proven to be a major success with a very promising future ahead today we talk about the success story of the world's most daring entrepreneur who has always strived hard to make the world a better place to live this is the story of Elon Musk [Music] Elon Musk was born in 1971 in South Africa he didn't have much of a good childhood as he kind of had a rough family however Elon taught himself computer programming at an early age let's allow him to sell his first program by the age of 12 he created a space game called plaster and soldered for five hundred dollars later enon left home at the age of 17 avoiding serving the South African military he decided that he wanted to live in the u.s. believing that it is where great things are possible not content with two undergraduate degrees Elon moved to California to pursue PhD in energy physics at Stanford University however he quit only after two days at the program to become a part of the Internet boom Elon and his brother launched a software company in 1995 called zip - it was in $28,000 of their father's money the internet was beginning to expand by leaps and bounds and the newspapers were trying to figure out how they could make the best use of the new media the elands company developed online city guides for newspaper publishers and very soon zip2 had won contracts with the major players in the industry including the New York Times and the Chicago Tribune but things were not very smooth at zip to Elon wanted to be the CEO of the company why the both stood firm against the move in the year 1999 as the tech bubble was approaching at zenith the board sold the company to Compaq for 307 billion dollar along with thirty four million dollar and stock options in the sale Elon received 7% valuing up to twenty two million dollars later that same year Elon Musk co-founded XCOM an online banking company using ten million dollars from the sale of zip to her ear after that but the dot-com bubble fully popped up and a preponderance of tech companies closing their virtual doors x.com acquired confident a which was another online financial services firm and its money transfer service called PayPal it quickly became clear that PayPal was one of the most important elements of the company XCOM focused on the service and renamed itself as PayPal in 2001 it soon became the online payment system of choice with a few thousand users multiplying to more than 1 million users in just a few months but again bootrom troubles dogged Elon Musk was again ousted / CEO shirt / technical arguments concerning the future architecture of the service again those battles were followed by a sale at this time - ebay.com at the time of the sale 1 in 4 eBay transactions were completed using PayPal this sale was enormous by Internet company standards in 2002 right 1.5 billion dollar in stock changing hands post else Elon receive 165 million dollar for his eleven point seven percent stake in PayPal but even before the PayPal sale had closed Elon had begun to dream up a miniatura experiment green house that he could land on Mars by the flight back Elon decided to start a company that would build affordable rockets using vertical integration and modular approach of software engineering those ideas culminated in the launch of SpaceX in 2002 this was perhaps his greatest vision which was yet to eel technology that takes you and I to another planet being funded the project alone coming close to hundred million dollars Elon spent a majority of his net worth during that time company later also made money in 2006 NASA gave SpaceX a contract to develop the Falcon 9 launch maker which had followed up again with another 1.6 billion dollar contract in 2008 but beyond headlines and profits enon sees basics as filling a vital link he brought the same public idealism to the brand that gave Elon Musk a rise to fame Tesla Motors initially Elon came in as a lead investor but in 7.5 million dollar into a nascent car company in addition to bringing his reputation and cash Elon took an active role in the company managing the design of the Tesla Roadster and insisting on a carbon-fiber body heat continued to invest in the following year and later took over as a CEO of Tesla Motors in 2008 the company's first car the Tesla Roadster sold 2,500 vehicles in 31 countries later to address the production side of the energy equation enon came up with the idea for Solar City which his cousins Linden and Peter co-founded in 2006 the company designs finances and install solar panels it also constructs electric car charging stations in collaboration with Tesla Motors so far solar city has more than 15,000 employees Elon has promised to build a solar city factory in New York that would be three times the size of the largest solar plant in the United States the company has now grown to become the second largest provider of solar power systems in the United States and Elon is still the largest stakeholder in the company enon is someone who's always been farsighted and has always supported futuristic ideas in 2030 he released a proposal for a hypothetical machine that would carry passengers from Los Angeles to San Francisco in 35 minutes or less he calls it the Hyperloop and he has to me that it would cost six billion dollars to build a machine however if you thought that all of this was a cakewalk for the billionaire entrepreneur that it was certainly not Elon faced the worst crisis of his career when all of his three companies started collapsing things that appeared unneeded had to be closed down Elon had to lay off one by third of his staff and close Tesla's ranch in Detroit later Solar City began staggering and the bang that bagged their leases pulled out of the day Elon Musk wasn't the fight of his life but only a week's worth of cash in the bank there was little time to resolve Elon never thought it was possible to have a nervous breakdown forged into only one direction in hopes of keeping his empire of flow enon decided to raise 40 million dollars out of his own pocket to keep the company going and to keep the dream alive but after six years of perseverance funding and a Lansing his company's Elon Musk tasted success as the fourth launch through SpaceX was a humongous ed at since then there has been no stopping to Elon Musk today most of Ellen's innovative ideas and visions have become true his learning curves from failures and gnaws dent vanquishes visions and amazing goals for the future Iran never limits himself to dream back rather it be traveling to the Moon or Mars - changing the way that we drive and operate car enon musk has continually strived hard to pursue his goals to change humanity and live up to the expectations he set for himself and taking risks and self confidence even then years of effort seems to be a laws in the moment he believes that his success will still prevail startup stories salutes the colors and version of Elon Musk we hope he keeps inspiring many young generations to come [Music] you

Channel: Startup Stories

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Id: UPM2z3NkMsQ

Length: 8min 54sec (534 seconds)

Published: Tue Dec 06 2016