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Elon Musk was born on June 28, 1971 is an entrepreneur and business magnate. He is the founder, CEO, and Chief Engineer at SpaceX, early stage investor, CEO, and Product Architect of Tesla, Inc., founder of The Boring Company, and co-founder of Neuralink and OpenAI. With an estimated net worth of around US$243 billion as of January 2022, Musk is the wealthiest person in the world according to both the Bloomberg Billionaires Index and the Forbes real-time billionaires list.
Musk was born to a Canadian mother and a South African father and was raised in Pretoria, South Africa. He studied briefly at the University of Pretoria before moving to Canada at the age of 17 to avoid recruitment. He enrolled at Queen’s University and two years later transferred to the University of Pennsylvania, where he earned a bachelor’s degree in economics and physics, then moved to California in 1995 to attend Stanford University, but instead He decided to pursue a business career, co-founding web software company Zip2 with his brother Campbell. The startup was acquired by Compaq in 1999 for 307 million. That same year, Musk founded the online bank X.com, which merged with Confinity in 2000 to form PayPal. The company was bought by eBay in 2002 for 1.5 billion.
In 2002, Musk founded SpaceX, an aerospace manufacturer and space transport services company, of which he is CEO and CTO. In 2004, he joined electric vehicle manufacturer Tesla Motors, Inc. (now Tesla, Inc.) as chairman and product architect, becoming its CEO in 2008. In 2006, he helped create SolarCity, a solar energy services company that was later acquired by Tesla and became Tesla Energy. In 2015, he co-founded OpenAI, a nonprofit research company that promotes friendly artificial intelligence. In 2016, he co-founded Neuralink, a neurotechnology company focused on developing brain–computer interfaces, and founded The Boring Company, a tunnel construction company. Musk has proposed the Hyperloop, a high-speed vactrain transportation system.
Aware that it would be easier to enter the United States from Canada, Musk applied for a Canadian passport through his Canadian-born mother. While awaiting the documentation, he attended the University of Pretoria for five months; this allowed him to avoid mandatory service in the South African military. Musk arrived in Canada in June 1989, and lived with a second-cousin in Saskatchewan for a year, working odd jobs at a farm and lumber-mill. In 1990, he entered Queen’s University in Kingston, Ontario. Two years later, he transferred to the University of Pennsylvania, where he graduated in 1995 with a Bachelor of Science degree in economics and a Bachelor of Arts degree in physics.