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1. Video released by spacecraft maker Space, X celebrating its Dragon capsule, which on May 25, 2012, became the first commercial 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, Friend and formed Area, X, maker of launch vehicles and spacecraft. He was also among the very first considerable financiers in, in addition to president of, the electrical vehicle producer Tesla. Top Questions, Elon Musk was born upon June 28, 1971. Elon Musk cofounded the electronic payment company Pay, Buddy and founded the spacecraft business Area, X. Elon Musk founded Area, X, a company that makes rockets and spacecraft. He became the chief executive officer and a major funder of Tesla, which makes electrical cars. Musk was born to a South African father elon musk and a Canadian mother. He displayed an early skill for computer systems and entrepreneurship. At age 12 he developed a computer game and sold it to a computer publication. In 1988, after acquiring a Canadian passport, Musk left South Africa since he was reluctant to support apartheid through obligatory military service and due to the fact that he sought the higher financial opportunities offered in the United States. Musk went to 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 company that supplied maps and company directory sites to online newspapers. In 1999 Zip2 was bought by the computer maker Compaq for $307 million, and Musk then established an online financial services company, X.com, which later ended up being Pay, Friend, which concentrated on moving money online. The online auction e, Bay purchased Pay, Friend in 2002 for $1. 5 billion. Musk was long convinced that for life to make it through, humankind needs to end up being a multiplanet species. However, he was disappointed with the terrific cost of rocket launchers. In 2002 he established Area Exploration Technologies (Space, X) to make more cost effective rockets. A third rocket, the Falcon Heavy (initially launched in 2018), was developed to carry 117,000 pounds (53,000 kg) to orbit, almost twice as much as its biggest rival, the Boeing Company's Delta IV Heavy, for one-third the expense. 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 stage would can lifting 100,000 kg (220,000 pounds) to low Earth orbit. The payload would be the Starship, a spacecraft developed for providing quick transportation in between cities on Earth and constructing bases on the Moon and Mars. Dragon can carry as numerous as seven astronauts, and it had a Visit this page crewed flight carrying astronauts Doug Hurley and Robert Behnken to the ISS in 2020. Musk sought to lower the expense of spaceflight by establishing a fully multiple-use rocket that could raise off and return to the pad it released from. Beginning in 2012, Area, X's Insect rocket made numerous brief flights to evaluate such innovation. In addition to being CEO of Area, X, Musk was also chief designer in building the Falcon rockets, Dragon, and Insect. Get a Britannica Premium membership and gain access to special material. Subscribe Now Musk had actually long been interested in the possibilities of electric vehicles, and in 2004 he became one of the major funders of Tesla Motors (later on relabelled Tesla), an electrical vehicle business established by entrepreneurs Martin Eberhard and Marc Tarpenning.