Elon Musk who is the second entrepreneur in Silicon Valley is the founder of SpaceX and The Boring Company. He is also CEO of Tesla Motors and Neuralink. At present, his Net Worth is $20.6 billion.
Elon Musk’s Initial Life
Every success story starts with failure and the story of Elon Musk is not exceptional. Elon Musk was born in Pretoria, South Africa. His father was a South African and mother was a Canadian. His parents got separated when he was 9 years old. But, it did not deeply affect him as he has a keen interest in books. Even, he used to study books during parties. He always had strong self-determination and as a result, he developed a game when he was 12. Later, he sold it for $500.
At the age of 17, Elon Musk moved to Canada to his mother’s relatives after completing graduation. In Canada, he had to face poverty and therefore he started working in some low paid jobs. However, he always had a strong interest in Physics and Economics. He got a scholarship from The University of Pennsylvania and completed his two bachelor degrees there. After that, he got a seat in Ph.D. at Stanford University. But, after two days, he dropped out in order to start a new business. He along with his brother borrowing $28000 from his father started a new company called Zip2. He used to sleep in his company and take showers in a gym for reducing the living cost. After four years, they sold the company for $341 million.
Elon did not stop himself there as he started another company, X.com that was later merged with its competitor and turned into Paypal. Elon was replaced as CEO but, his fortune planned something different as the company was later acquired by eBay for $1.5 billion. Consequently, he got his first big amount which was worth $165 million.
Elon’s Path to Success
Money brings happiness if it is utilized in a proper way. Elon Musk showed us how to do it. After getting a huge amount of money, he could have enjoyed his life buying luxurious things. But, instead of doing that, he took some risky decisions. He showed immense dedication to space and alternative energy technologies.
At that time, the concept of an electric car was new. People generally considered it to be slow because of its inability to generate speed. One company called Tesla wanted to change this mindset but they did not have financial support. Elon invested $80 million on this company and became the CEO of the company. Initially, the company did not see the face of success. Later, the strong mentality and firm determination of Elon changed the scenario. Roadster 2.0 which will be one of the world’s fastest electric cars is being manufactured by Tesla Motors. Besides, Tesla has also launched some electric cars as well as bikes.
The Lesson Learnt
The story of Tesla and SpaceX is inextricably related to each other. SpaceX did not get the taste of success initially. Their first three launches failed. But, the fourth launch brought success and NASA also dealt with them.
In conclusion, it may be remarked that Elon Musk is someone who never gives up. Failure is a very common thing but the way we get rid of it is the most important thing. The success story of Elon Musk really brings endless motivation and we all should learn one thing from it that instead of giving up, we must always keep pushing ourselves towards success.