Elon Musk Leadership Assignment
Elon Musk Leadership Assignment
Education Page 2
References Page 20
Abstract
Elon Musk is one of the most influential leaders in the twenty first century. He
has been changing how the world works by introducing technology via
companies like PayPal, Tesla and SpaceX. Elon Musk is one of the most
successful people in the world. His successes range from electric cars to space
travel. Elon Musk managed to succeed twice in the tech industry, something
that most tech entrepreneurs cannot do even once. Musk is different in his
motivations from a typical businessman. He puts first: the desire to help
humankind with a deep empathy. Despite having a difficult early life musk
encountered his challenges head on and succeeded on becoming one of tech
worlds biggest names. He is a person who is working on taking humanity to
the very next stage of Evolution.
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Introduction
Elon Reeve Musk (born June 28, 1971) is a technology entrepreneur, investor,
and engineer. He holds South African, Canadian, and U.S. citizenship and is the
founder, CEO, and chief engineer/designer of SpaceX; co-founder, CEO, and
product architect of Tesla, Inc.; co-founder of Neuralink; founder of The Boring
Company; co-founder and initial co-chairman of OpenAI;[10] and co-founder
of PayPal. In December 2016, he was ranked 21st on the Forbes list of The
World's Most Powerful People. He has a net worth of $22.8 billion and is listed
by Forbes as the 40th-richest person in the world.
Education
Career
Zip2
In July 2017, Musk purchased the domain X.com from PayPal for an undisclosed
amount, stating that it has sentimental value to him.
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SpaceX
In 2001, Musk conceived Mars Oasis, a project to land a miniature
experimental greenhouse on Mars, containing food crops growing on
Martian regolith, in an attempt to regain public interest in space exploration. In
October 2001, Musk travelled to Moscow with Jim Cantrell (an aerospace
supplies fixer), and Adeo Ressi (his best friend from college), to buy
refurbished Dnepr Intercontinental ballistic missiles (ICBMs) that could send the
envisioned payloads into space. The group met with companies such as NPO
Lavochkin and Kosmotras; however, according to Cantrell, Musk was seen as a
novice and was consequently spat on by one of the Russian chief designers, and
the group returned to the United States empty-handed. In February 2002, the
group returned to Russia to look for three ICBMs, bringing along Mike Griffin.
Griffin had worked for the CIA's venture capital arm, In-Q-Tel, as well as
NASA's Jet Propulsion Laboratory, and was just leaving Orbital Sciences, a
maker of satellites and spacecraft. The group met again with Kosmotras, and
were offered one rocket for US$8 million; however, this was seen by Musk as too
expensive; Musk consequently stormed out of the meeting. On the flight back
from Moscow, Musk realized that he could start a company that could build the
affordable rockets he needed. According to early Tesla and SpaceX
investor Steve Jurvetson, Musk calculated that the raw materials for building a
rocket actually were only 3 percent of the sales price of a rocket at the time. It
was concluded that theoretically, by applying vertical integration and the modular
approach from software engineering, SpaceX could cut launch price by a factor
of ten and still enjoy a 70-percent gross margin. Ultimately, Musk ended up
founding SpaceX with the long-term goal of creating a true spacefaring
civilization. With US$100 million of his early fortune, Musk founded Space
Exploration Technologies, or SpaceX, in May 2002. Musk is chief executive
officer (CEO) and chief technology officer (CTO) of the Hawthorne, California-
based company. By 2016, Musk's private trust holds 54% of SpaceX stock,
equivalent to 78% of voting shares.
Musk believed that the key to making space travel affordable is to make rockets
reusable, though most experts in the space industry did not believe that reusable
rockets were possible or feasible. On December 22, 2015, SpaceX successfully
landed the first stage of its Falcon rocket back at the launch pad. This was the
first time in history such a feat had been achieved by an orbital rocket and was a
significant step towards rocket reusability lowering the costs of access to
space. This first stage recovery was replicated several times in 2016 by landing
on an autonomous spaceport drone ship, an ocean-based recovery platform, and
by the end of 2017, SpaceX had landed and recovered the first stage on 16
missions in a row where a landing and recovery were attempted, including all 14
attempts in 2017. 20 out of 42 first stage Falcon 9 boosters have been recovered
overall since the Falcon 9 maiden flight in 2010. [73] In 2017 SpaceX launched 18
successful Falcon 9 flights, more than doubling their highest previous year of 8.
[74]
SpaceX is both the largest private producer of rocket engines in the world and
holder of the record for the highest thrust-to-weight ratio for a rocket engine
(the Merlin 1D). SpaceX has produced more than 100 operational Merlin 1D
engines. Each Merlin 1D engine can vertically lift the weight of 40 average
family cars. In combination, the 9 Merlin engines in the Falcon 9 first stage
produce anywhere from 5.8 to 6.7 MN (1.3 to 1.5 million pounds) of thrust,
depending on altitude.
An asteroid or a super volcano could destroy us, and we face risks the dinosaurs
never saw: an engineered virus, inadvertent creation of a micro black hole,
catastrophic global warming or some as-yet-unknown technology could spell the
end of us. Humankind evolved over millions of years, but in the last sixty years
atomic weaponry created the potential to extinguish ourselves. Sooner or later,
we must expand life beyond this green and blue ball—or go extinct. Musk's goal
is to reduce the cost of human spaceflight by a factor of 10. In a 2011 interview,
he said he hopes to send humans to Mars' surface within 10–20 years. In Ashlee
Vance's biography, Musk stated that he wants to establish a Mars colony by 2040,
with a population of 80,000.[33] Musk stated that, since Mars' atmosphere lacks
oxygen, all transportation would have to be electric (electric cars, electric trains,
Hyperloop, electric aircraft). Musk stated in June 2016 that the first uncrewed
flight of the larger Interplanetary Spaceship was aimed for departure to the red
planet in 2022, to be followed by the first crewed ITS Mars flight departing in
2024. In September 2016, Musk revealed details of his architecture to explore
and colonize Mars.
In late 2017, SpaceX unveiled the design for its next-generation launch vehicle
and spacecraft system—BFR (later renamed to Starship)—that would support all
SpaceX launch service provider capabilities with a single set of very large
vehicles: Earth-orbit, Lunar-orbit, interplanetary missions, and
even intercontinental passenger transport on Earth, and totally replace the Falcon
9, Falcon Heavy and Dragon vehicles in the 2020s. Starship will have a 9-meter
(30 ft) core diameter. Significant development on the vehicles began in 2017,
with an initial prototype unveiled in September 2019, while the new rocket
engine (Raptor) development began in 2012, with a first test flight performed in
August 2019.
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Tesla
Tesla, Inc. (originally Tesla Motors) was incorporated in July 2003 by Martin
Eberhard and Marc Tarpenning, who financed the company until the Series A
round of funding. Both men played active roles in the company's early
development prior to Elon Musk's involvement. Musk led the Series A round of
investment in February 2004, joining Tesla's board of directors as its
chairman. Musk took an active role within the company and oversaw Roadster
product design at a detailed level, but was not deeply involved in day-to-day
business operations. Following the financial crisis in 2008 and after a series of
escalating conflicts in 2007, Eberhard was ousted from the firm. Musk assumed
leadership of the company as CEO and product architect in 2008, positions he
still holds today. Indeed, as of 2019, Elon Musk is the longest tenured CEO of
any automotive manufacturer globally.
Tesla Motors first built an electric sports car, the Tesla Roadster, in 2008, with
sales of about 2,500 vehicles to 31 countries. Tesla began delivery of its four-
door Model S sedan on June 22, 2012. It unveiled its third product, the Model X,
aimed at the SUV/minivan market, on February 9, 2012; however, the Model X
launch was delayed until September 2015. In addition to its own cars, Tesla sold
electric powertrain systems to Daimler for the Smart EV, Mercedes B-Class
Electric Drive and Mercedes A Class, and to Toyota for the RAV4 EV. Musk
was able to bring in both companies as long-term investors in Tesla. usk favored
building a more affordable Tesla model and building and selling electric vehicle
powertrain components so that other automakers could produce electric vehicles
at affordable prices without having to develop the products in-house; this led to
the Model 3 that was unveiled in 2016, with a planned base price
of US$35,000. Several mainstream publications have compared him with Henry
Ford for his work on advanced vehicle powertrains.[101]
In a May 2013 interview with All Things Digital, Musk said that to overcome the
range limitations of electric cars, Tesla planned to expand its network of
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supercharger stations, tripling the number on the East and West coasts of the U.S.
that June, with plans for more expansion across North America, including
Canada, throughout the year.
In 2014, Musk announced that Tesla would allow its technology patents to be
used by anyone in good faith in a bid to entice automobile manufacturers to speed
up development of electric cars. "The unfortunate reality is electric car programs
(or programs for any vehicle that doesn't burn hydrocarbons) at the major
manufacturers are small to non-existent, constituting an average of far less than
1% of their total vehicle sales," Musk said
According to ABC News, "As recently as Oct. 4 2018, Musk issued a sarcastic
tweet, describing the agency [SEC] as the 'Shortseller Enrichment Commission,'
despite having agreed to settlement terms a week earlier that his company, Tesla,
would monitor his tweets and other communications." [115] In a December 2018
interview with CBS's “60 Minutes”, Musk mentioned that since reaching an
agreement with SEC, none of his tweets have been censored. He further
mentioned that he has no respect for the SEC by saying, "I want to be clear. I do
not respect the SEC." On February 19, 2019, according to Forbes, Musk stated in
a tweet that Tesla would build half a million cars in 2019. The SEC reacted to
Musk's tweet by filing in court, initially asking the court to hold him in contempt
for violating the terms of settlement agreement with such a tweet, which was
disputed by Musk. This was eventually settled by a joint agreement between
Musk and the SEC clarifying the previous agreement details.
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SolarCity
Musk provided the initial concept and financial capital for SolarCity, which was
then co-founded in 2006 by his cousins Lyndon and Peter Rive. By 2013,
SolarCity was the second largest provider of solar power systems in the United
States. SolarCity was acquired by Tesla, Inc. in 2016 and is currently a wholly
owned subsidiary of Tesla.
The underlying motivation for funding both SolarCity and Tesla was to help
combat global warming. In 2012, Musk announced that SolarCity and Tesla
would collaborate to use electric vehicle batteries to smooth the impact of rooftop
solar on the power grid, with the program going live in 2013.
Hyperloop
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Hyperloop One, a company unaffiliated with Musk, had announced that it had
done its first successful test run on its DevLoop track in Nevada on July 13, 2017.
It was on May 12, 2017, at 12:02 a.m. and had lasted 5.3 seconds, reaching a top
speed of 70 mph.
On July 20, 2017, Elon Musk announced that he had received verbal government
approval to build a hyperloop from New York City to Washington, D.C.,
stopping in both Philadelphia and Baltimore. However, the New York City
Transit Authority, Southeastern Pennsylvania Transportation
Authority, Washington Metropolitan Area Transit Authority, Maryland Transit
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Neuralink
In 2016, Musk co-founded Neuralink, a neurotechnology startup company to
integrate the human brain with artificial intelligence. The company is centered on
creating devices that can be implanted in the human brain, with the eventual
purpose of helping human beings merge with software and keep pace with
advancements in artificial intelligence. These enhancements could improve
memory or allow more direct interfacing with computing devices. [150] Musk sees
Neuralink and OpenAI as related: "OpenAI is a nonprofit dedicated to
minimizing the dangers of artificial intelligence, while Neuralink is working on
ways to implant technology into our brains to create mind-computer interfaces.
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Views
Well, I do. Do I think that there's some sort of master intelligence architecting all
of this stuff? I think probably not because then you have to say: "Where does the
master intelligence come from?" So it sort of begs the question. So I think really
you can explain this with the fundamental laws of physics. You know it's
complex phenomenon from simple elements.
Musk has stated that he does not pray, or worship any being, although he asked
"any entities that [were] listening" to "bless [the] launch" before an
important Falcon 1 launch. When asked whether he thought science and religion
could co-exist, Musk replied "Probably not.
Extraterrestrial life
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Although Musk believes there could be simple life on other planets, he is unsure
whether other intelligent life is likely. Musk later said that he "hope[s] that there
is other intelligent life in the known universe", and stated that it is "probably
more likely than not, but that's a complete guess."
Artificial intelligence
Musk has frequently spoken about the potential dangers of artificial intelligence,
calling it "the most serious threat to the survival of the human race". During a
2014 interview at the MIT AeroAstro Centennial Symposium, Musk described AI
as humanity's largest existential threat, further stating, "I'm increasingly inclined
to think that there should be some regulatory oversight, maybe at the national and
international level, just to make sure that we don't do something very foolish."
Musk described the creation of artificial intelligence as "summoning the demon".
Musk has said that his investments are "not from the standpoint of actually trying
simulation, to which he answered:
Musk's warnings about artificial intelligence have brought him some controversy.
He and Facebook founder Mark Zuckerberg have clashed, with the latter calling
his warnings "pretty irresponsible".[252] Musk responded to Zuckerberg's censure
by saying that he had discussed AI with Zuckerberg and found him to have only a
limited understanding of the subject. In 2014, Slate's Adam Elkus argued that
current AIs were as intelligent as a toddler, and only in certain fields, going on to
say that Musk's "summoning the demon" analogy may be harmful because it
could result in significant cuts to AI research budgets.
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Inc Magazine Entrepreneur of the Year award for 2007 for his work on Tesla
and SpaceX
2007 Index Design award for his design of the Tesla Roadster. [308] Global
Green 2006 product design award for his design of the Tesla Roadster,
presented by Mikhail Gorbachev.
National Space Society's Von Braun Trophy in 2008/2009, given for leadership
of the most significant achievement in space. Prior recipients include Burt
Rutan and Steve Squyres.
Listed as one of Time's 100 people who most affected the world in 2010.
In December 2016, Musk was ranked 21st on Forbes list of The World's Most
Powerful People.
In May 2017, Musk was awarded the Oslo Business for Peace Award.
Musk was awarded as member (fifth class) of the Most Admirable Order of the
Direkgunabhorn on 4 March 2019 for his contribution in the rescue at Tham
Luang cave, Chiang Rai Province, Thailand.
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References
1. https://en.wikipedia.org/wiki/Elon_Musk
2. "Billionaire Tesla CEO Elon Musk Buys Neighbor's Home in Bel Air
For Million". Forbes. Retrieved November 1, 2013.
3. ^ "Inside Elon Musk's M Bel Air Mansion". Bloomberg News. Archived
from the original on February 7, 2015. Retrieved August 21, 2013.
4. ^ Jump up to:a b "Elon Musk". Forbes. Retrieved October 30, 2019.
5. ^ Curtis, Sophie (November 10, 2014). "Elon Musk 'to launch fleet of
internet satellites'". The Daily Telegraph. London. Retrieved June 23,
2015. Elon Musk, inventor and business magnate
6. ^ Vance, Ashlee (September 13, 2012). "Elon Musk, the 21st Century
Industrialist". Bloomberg BusinessWeek. Archived from the original on
April 26, 2017. Retrieved June 23, 2015.
7. ^ "Engineer in Focus: Elon Musk". asme.org. Archived from the original
on November 19, 2018. Retrieved November 4, 2015.
8. "Introducing OpenAI". OpenAI Blog. December 12, 2015. Retrieved
March 8,2019.
9. ^ Jump up to:a b "The World's Most Powerful People". Forbes.
December 2016. Retrieved December 14, 2016.
10. ^ Jump up to:a b LaMonica, Martin (September 21, 2009). "Tesla
Motors founders: Now there are five". CNET.