Elon Musk, the CEO of Tesla, is one of the world’s richest businessmen. According to Forbes, his net worth will surpass 190 billion US dollars in October 2021. Nonetheless, Elon Musk is one of the most prominent entrepreneurs for the millennial age, aside from being wealthy and well-known. With a single tweet, he may jolt the market or send a company’s stock soaring. Companies like Etsy and Signal are basic examples. In January 2021, he modified his bio description to just Bitcoin, resulting in an enormous increase in the value of bitcoin.
What makes Elon Musk so unique? What is it about his remarks that makes them so useful and impactful? The following data will persuade you that the Musk effect is more than a catchphrase; it is a revolution that affects all of us. Of course, with the assistance of Musk’s brilliant brains.
1. Born entrepreneur
Elon Musk, a natural-born entrepreneur, made his first large sum of money when he was 12 years old. And this wasn’t simply some harmless toy trading, as most of us did as adolescents. Elon went a little too far. He created his own game, Blastar, and sold it for $500 before investing in pharmaceutical firm stock.
He joined Stanford at the age of 24 but left a week later to establish his own business. The Zip2 Corporation was founded by Musk and his brother Kimball. It was eventually sold to the American computer business Compaq, for which Musk got $22 million.
His most ambitious firm, SpaceX, accomplished the first-ever privately manned space launch of the Crew Dragon spaceship on May 30, 2020. SpaceX is also working on a project to launch Internet satellites into low-Earth orbit. Musk’s goal is to build a worldwide network that will enable Internet access wherever in the world.
3. Transforming the automobile industry
Despite the fact that Elon Musk joined Tesla Motors barely a year after its inception, his effect has been really revolutionary. Musk took Tesla to a whole new level. As a result, the Tesla Model S 70D was crowned “Automobile of the Century” in 2015, and the Tesla Model S (2013) became the greatest car to obtain the “Car of the Year” title in the previous 70 years.
4. Plans for Mars colonisation
Furthermore, Tesla’s SolarCity subsidiary offers solar panels and batteries. Space Exploration Technologies Corporation, or SpaceX, is currently developing the Falcon 1, Falcon 9, Falcon Heavy, and Dragon spacecraft. Elon has long been captivated by the concepts of space travel and potential Mars colonisation. As a result, he said in January 2020 that he intends to send 1 million people to Mars by 2050. Musk wants to develop a thousand reusable spacecraft in 10 years, and SpaceX engineers are already hard at work on this.
5. Bringing plane-like speed to railroads
The first full-scale hyperloop system was built by Hyperloop Transportation Technologies. The Hyperloop is expected to be twice as fast as an aeroplane and three to four times faster than a high-speed passenger rail. The concept is being implemented by Musk and many rival teams.
6. Defending mankind from the harmful effects of AI
Elon has consistently voiced worry about the future of human-machine connections, claiming that artificial intelligence (AI) might represent the greatest threat to mankind and become even more destructive than nuclear weapons. The non-profit organisation OpenAI is working to steer artificial intelligence (AI) in ways that benefit humankind as a whole.
7. Brain-strengthening technology
The billionaire unveiled its newest development, the N1 brain chip, in July 2019. A tiny wireless device is implanted in the brain to assist persons suffering from dementia or paralysis. Neuralink held the first demonstration of the chip in August 2020, and in the spring of 2021, it displayed a monkey playing a video game with an implanted chip.
As you can see, Elon Musk is not just another billionaire who is only interested in generating money. His initiatives are a living example of how technology may become humanity’s best friend. That humanistic approach is one of the main reasons why the entire globe is so wary of what Elon says and why a single tweet may cause so many market swings.
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