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Elon Musk is a South African-born businessman and the wealthiest person in the world, with an estimated net worth of US$402 billion as of February 8, 2025, according to the Bloomberg Billionaires Index, [416] and $397 billion according to Forbes, [417] primarily from his ownership stakes in Tesla, Inc., and SpaceX. [418]
SpaceX's first rocket was named Falcon 1 by Musk, taking inspiration from the Millennium Falcon from Star Wars, and also because the rocket would have only one booster engine. [ citation needed ] [ further explanation needed ] Falcon 1 was designed with a core tenet of low launch cost; according to contemporary sources the rocket has an ...
In March 1999, [15] Musk co-founded X.com, an online financial services and e-mail payment company with $12 million of the money he made from the Compaq acquisition. [16] X.com was one of the first online banks that was federally insured, and over 200,000 customers joined in its initial months of operation.
The richest person in the world just hit an even higher milestone. Elon Musk’s net worth has reached $400 billion, according to Bloomberg, making him the first person ever to cross that mark.
Elon Musk − whose wealth and influence have skyrocketed since President-elect Donald Trump’s victory – is the first person to reach $400 billion in net worth. The Tesla CEO was already the ...
In early 2002, Elon Musk started to look for staff for his company, soon to be named SpaceX. Musk approached five people for the initial positions at the fledgling company, including Griffin, who declined the position of Chief Engineer, [ 19 ] : 11 Jim Cantrell and John Garvey (Cantrell and Garvey would later found the company Vector Launch ...
In a high-stakes bid that could reshape the future of artificial intelligence, Elon Musk is leading a group of investors that have offered to buy OpenAI, the parent company of ChatGPT, for $97.4 ...
Musk's first venture was a residential painting business with College Pro Painters in 1994, the same year he and his elder brother, Elon, started their second company, Zip2. Zip2 was an online city guide that provided content for the new online versions of The New York Times and the Chicago Tribune newspapers.