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1. Video released by spacecraft maker Area, X celebrating its Dragon capsule, which on May 25, 2012, ended up being 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 business owner who cofounded the electronic-payment company Pay, Pal and formed Area, X, maker of launch automobiles and spacecraft. He was also among the first considerable investors in, in addition to chief executive officer of, the electric vehicle producer Tesla. Leading Concerns, Elon Musk was born on June 28, 1971. Elon Musk cofounded the electronic payment company Pay, Pal and founded the spacecraft company Area, X. Elon Musk established Area, X, a business that makes rockets and spacecraft. He became the president and a significant funder of Tesla, which makes electrical cars. Musk was born to a South African daddy and a Canadian mom. He displayed an early skill for computer systems and entrepreneurship. At age 12 he produced a video game and offered it to a computer magazine. In 1988, after acquiring a Canadian passport, Musk left South Africa because he was reluctant to support apartheid through compulsory military service and because he sought the greater economic opportunities offered 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 received bachelor's degrees in physics and economics in 1997. In 1995 he founded Zip2, a company that provided maps and service directories to online papers. In 1999 Zip2 was purchased by the computer manufacturer Compaq for $307 million, and Musk then founded an online financial services business, X.com, which later became Pay, Pal, which focused on transferring money online. The online auction e, Bay bought Pay, Friend in 2002 for $1. 5 billion. Musk was long convinced that for life to make it through, mankind needs to become a multiplanet types. However, he was dissatisfied with the fantastic cost of rocket launchers. In 2002 he established Area Exploration Technologies (Space, X) to make more budget-friendly rockets. A third rocket, the Falcon Heavy (first introduced in 2018), was developed to carry 117,000 pounds (53,000 kg) to orbit, almost two times as much as its largest competitor, the Boeing Company's Delta IV Heavy, for one-third the expense. Space, X has announced the follower to the Falcon 9 and the Falcon Heavy: the Super Heavy, Starship system. The Super Heavy very first phase would can raising 100,000 kg (220,000 pounds) to low Earth orbit. The payload would be the Starship, a spacecraft created for supplying fast transport in between cities on Earth and building bases on the Moon and Mars. Dragon can carry as lots of as 7 astronauts, and it had a crewed flight bring astronauts Doug Hurley and Robert Behnken to the ISS in 2020. Musk sought to decrease the expenditure of spaceflight by developing a Look at this website completely reusable rocket that might take off and return to the pad it released from. Beginning in 2012, Area, X's Grasshopper rocket made a number of brief flights to test such technology. In addition to being CEO of Area, X, Musk was likewise primary designer in constructing the Falcon rockets, Dragon, and Grasshopper. Get a Britannica Premium subscription and gain access to unique content. Subscribe Now Musk had actually long had an interest in the possibilities of electric cars, and in 2004 he turned into one of the major funders of Tesla Motors (later on relabelled Tesla), an electric car business founded by entrepreneurs Martin Eberhard and Marc Tarpenning.