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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.
Elon Musk is 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, [415] and $397 billion according to Forbes, [416] primarily from his ownership stakes in Tesla, Inc. and SpaceX.
According to Musk, the crucial component for a sustainable Mars program is a low launch cost. [ 1 ] : 11–12 In early 2002, with that realization, Musk met with aerospace engineers at a hotel in Los Angeles International Airport to discuss founding a space launch company, with reportedly some having scoffed at the idea.
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Elon Musk said Tesla will begin launching unsupervised self-driving models in Austin, Texas, by June and several other U.S. cities by the end of the year. At the fourth quarter earnings call ...
In early 2001, Elon Musk met Robert Zubrin and donated $100,000 to his Mars Society, joining its board of directors for a short time. [13]: 30–31 He gave a plenary talk at their fourth convention where he announced Mars Oasis, a project to land a greenhouse and grow plants on Mars.
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.
Musk was elected a Fellow of the Royal Society (FRS) in 2018. [12] [a] In 2022, Musk was elected to the National Academy of Engineering. [14] Time has listed Musk as one of the most influential people in the world in 2010, [15] 2013, [16] 2018, [17] and 2021. [18] Musk was selected as Time ' s "Person of the Year" for 2021.