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Post In:  Rags to Riches

Doing A Job Of Cleaning A Boiler At $18 An Hour, Elon Musk Is The Founder Of Tesla And Spacex.

By       -   January 18th, 2016

When he came from South Africa to the US to work, his first job was cleaning a boiler at $18 an hour. In 1995, at the age of twenty-four, Elon Musk started his first company called Zip2 Corporation.

 

In 1999, the Compaq Computer Corporation bought Zip2 for $307 million. Out of that amount, Elon Musk’s share was $22 million.

 

Musk had become a millionaire at the age of twenty-eight. That same year Musk started his next company.  Elon Musk started X.com with $10 million dollars from the sale of Zip2. X.com was an online bank.

 

In 2000, X.com bought a company called Confinity, which had started an Internet money-transfer process called PayPal. In 2002, eBay bought Paypal for $1.5 billion and Elon Musk made $165 million in eBay stock from the deal.

 

In 2002, Elon Musk started SpaceX aka the Space Exploration Technologies. Elon Musk is a long-standing member of the Mars Society, a nonprofit organization that supports the exploration of Mars, and Musk is interested in establishing a greenhouse on Mars.

 

In 2004, Elon Musk cofounded Tesla Motors, of which he is the sole product architect. Tesla Motors builds electric vehicles.

 

The company has built an electric sports car, the Tesla Roadster, the Model S an economy model four door electric sedan, and plans to build more affordable subcompacts in the future.

 

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