Video launched by spacecraft maker Area, X commemorating its Dragon capsule, which on May 25, 2012, became the very first business spacecraft to dock with the International Spaceport Station. Area, X (A Britannica Publishing Partner), (born June 28, 1971, Pretoria, South Africa), South African-born American entrepreneur who cofounded the electronic-payment company Pay, Pal and formed Space, X, maker of launch automobiles and spacecraft. He was also one of the first substantial investors in, as well as president of, the electric car producer Tesla. Top Questions, Elon Musk was born upon June 28, 1971. Elon Musk cofounded the electronic payment firm Pay, Friend and founded the spacecraft company Area, X.
Elon Musk founded Area, X, a business that makes rockets and spacecraft. He became the president and a significant funder of Tesla, which makes electric vehicles. Musk was born to a South African daddy and a Canadian mother. He showed an early talent for computer systems and entrepreneurship. At age 12 he produced a video game and offered it to a computer publication. In 1988, after getting a Canadian passport, Musk left South Africa because he hesitated to support apartheid through compulsory military service and because he looked for the higher economic opportunities readily available in the United States. Musk attended Queen's University in Kingston, Ontario, and in 1992 he transferred to the University of Pennsylvania, Philadelphia, where he got bachelor's degrees in physics and economics in 1997.
In 1995 he established Zip2, a business that offered maps and business directory sites to online papers. In 1999 Zip2 was purchased by the computer manufacturer Compaq for $307 million, and Musk then established an online financial services business, X.com, which later on became Pay, Buddy, which focused on transferring money online. The online auction e, Bay purchased Pay, Pal in 2002 for $1. 5 billion. Musk was long persuaded that for life to survive, mankind needs to become a multiplanet species. However, he was disappointed with the excellent expense of rocket launchers. In 2002 he established Area Expedition Technologies (Space, X) to make more inexpensive rockets.
A 3rd rocket, the Falcon Heavy (first launched in 2018), was created to carry 117,000 pounds (53,000 kg) to orbit, nearly two times as much as its biggest competitor, the Boeing Business's Delta IV Heavy, for one-third the cost. Area, X has actually announced the follower to the Falcon 9 and the Falcon Heavy: the Super Heavy, Starship system. The Super Heavy very first phase would be capable of lifting 100,000 kg (220,000 pounds) to low Earth orbit. The payload would be the Starship, a spacecraft created for offering fast transport in between cities in the world and developing bases on the Moon and Mars.

Dragon can bring as many as seven astronauts, and it had a crewed flight bring astronauts Doug Hurley and Robert Behnken to the ISS in 2020. Musk sought to reduce the cost of spaceflight by establishing a completely reusable rocket that could take off and return to the pad it launched from. Beginning in 2012, Area, X's Grasshopper rocket made numerous brief flights to test such innovation. In addition to being CEO of Space, X, Musk was also primary designer in developing the Falcon rockets, Dragon, and Insect. Get a Britannica Premium subscription and gain access to unique material. Subscribe Now Musk had actually long been interested in the possibilities of electric automobiles, and in 2004 he turned into one of the significant funders of Tesla Motors (later renamed Tesla), an electric car company established by business owners Martin Eberhard and Marc Tarpenning.