CEO of SpaceX & Tesla, Elon Musk has launched world changing inventions
Elon Musk conceptualized “Mars Oasis”, a mission to land a small greenhouse on Mars that would contain food crops growing on the Martian regolith. Additionally, leading Tesla Motors, he has fulfilled enthusiasm of adventure lovers with varieties of electric cars.
Elon Musk’s SpaceX has launched and successfully landed four rockets back to earth
After Zip2 was acquired by Compaq and PayPal was acquired by eBay, he became more confident about his mission. He could invest $100 million of the amount he received for his 11.7% shares at PayPal for the establishment of his third company SpaceX (Space Exploration Technologies) in 2002 June.
Now, he is the Chief Executive Officer & Chief Technology Officer of the Hawthorne, California-based company that currently develops and manufactures space launch vehicles aiming to advance rocket technology. First two vehicles launched by the company are Falcon 1 & Falcon 9. Falcon 1 became the first privately funded vehicle to put a satellite into the earth orbit on 25 May 2012.
The aerospace company obtained a contract from NASA to continue the development & test of Falcon 9 and Dragon Spacecraft to handle cargo transport to international space in 2006. On May 1, 2017, SpaceX’s Falcon 9 was launched from NASA’s Kennedy Space Center. The 23-story rocket took off from launch pad Cape Canaveral, FL, at 7:15 ET and landed back on the earth at Cape Canaveral Airforce Station. He shared the awe-inspiring view of the rocket’s landing.
In 2014, SpaceX sued to US Air Force for its practice of sending vehicle using only United Launch Alliance, claiming that it awarded billions to only one company for national security launches. Now, the company holds two launch contracts with Air Force to launch Global Positioning System Satellites in 2018 & 2019.
Nowadays, SpaceX is testing rocket landings & launching used rockets. It’s Musk’s attempts to lower the rocket launching costs.
Elon Musk has been the chair of Tesla Motors since 2008 financial crisis
In 2003, Musk incorporated with the Tesla Motors, which was previously led by Marc Tarpenning and Martin Eberhard. Those two men financed the company until the Series A investment in 2004. That was when Musk joined Board of Directors of Tesla and became the Chairman. Afterward, he took an active role within Tesla and supervised Roadster product design at the detailed level.
He assumed leadership of the company as the Chief Executive Officer and product architect following 2008 financial crisis. He still holds the position. Tesla Motors launched an electric sports car named Tesla Roadster in 2008 and got the sales of approx. 2,500 vehicles in 31 countries. He received the Global Green 2009 Product Design Award for the design.
The company dedicated to producing mass-market electric cars launched IPO (Initial Public Offering) with a stake in company taken by Daimler and strategic collaboration with Toyota raising $226 million.
Tesla’s first electric sedan, Model S, capable of covering 265 miles between charges was launched in 2012. The car was honored as “The Car of the Year 2013” by Motor Trend magazine.
In 2014, Model S85D and P85D were unveiled that is the 1st electric cars with a dual motor with features like insane acceleration (0-97 kmh run of 3.2 sec), revolutionary autopilot system (including radar, forward-looking camera, 360-degree ultrasonic sensors).
In March 2016, Elon launched a five-seated car, Tesla Model 3, which is considered the most affordable Tesla car to date with price starting at $35,000. He claimed that Model 3 would be one of the world’s safest cars and deliveries will begin by late 2017.
In addition to building his own cars, Tesla sells electric powertrain systems to Daimler for the Mercedes B-Class Electric Class Electric Drive, Mercedes A-Class, and Smart EV & to Toyota for RAV4 EV. He brought both companies as longtime investors in Tesla. He has often been compared to Henry Ford for his dedication to the development of advanced vehicle powertrains.
His incredible critical management skills led to what the company is now. He gave his everything while the company was leading to the downturn quite a few times throughout the years.
He owns 30% of Tesla Motors, Inc. He was ranked #94 in the list of billionaires 2016, #15 in the list of Richest People in Tech and #21 in Powerful People in 2016 by Forbes. As of July 2017, he owns an estimated net worth of around $16.8 billion.