Elon Musk (born 28 June 1971) is an American business magnate, investor, and inventor.He is currently the CEO & CTO of SpaceX and CEO & Chief Product Architect of Tesla Motors. After studying commerce at the Queen’s School of Business for two years, Musk transferred to the University of Pennsylvania to obtain a Bachelor of Science degree in economics and a Bachelor of Science degree in physics. He founded SpaceX and led Tesla Motors and PayPal.
In March 1999, Musk co-founded X.com, an online financial services and e-mail payment company. One year later, the company acquired Confinity, which operated a subsidiary called PayPal. Musk developed the person-to-person payment platform and renamed his company PayPal.
PayPal’s early growth was due in large part to a successful viral growth campaign created by Musk. In October 2002, PayPal was acquired by eBay for US$1.5 billion in stock. Before its sale, Musk, the company’s largest shareholder, owned 11.7% of PayPal’s shares.
Musk founded his third company, Space Exploration Technologies (SpaceX), in June 2002 and is the CEO and CTO. SpaceX develops and manufactures space launch vehicles with a focus on advancing the state of rocket technology. The company’s first two launch vehicles are the Falcon 1 and Falcon 9 rockets and its first spacecraft is Dragon.