Elon Musk: Entrepreneur Extraordinaire
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Questions and Answers

What year did Elon Musk co-found Zip2?

  • 1995
  • 1999 (correct)
  • 2002
  • 2004
  • What company acquired PayPal in 2002?

  • Zip2
  • Tesla Motors, Inc
  • Compaq
  • eBay (correct)
  • What did Elon Musk pay as part of a settlement agreement with the SEC in 2018?

  • $20 million (correct)
  • $307 million
  • $1.5 billion
  • $44 billion
  • Study Notes

    • Elon Musk was born on June 28, 1971, in Pretoria, South Africa.
    • He attended the University of Pretoria before moving to Canada at age 17, acquiring citizenship through his Canadian-born mother.
    • Two years later, he matriculated at Queen's University and transferred to the University of Pennsylvania, where he received bachelor's degrees in economics and physics.
    • He moved to California in 1995 to attend Stanford University, but dropped out after two days to instead pursue a business career.
    • He co-founded the web software company Zip2 with his brother Kimbal; the startup was acquired by Compaq for $307 million in 1999.
    • The same year, Musk co-founded the online bank X.com, which merged with Confinity in 2000 to form PayPal.
    • eBay bought PayPal in 2002 for $1.5 billion.
    • In 2002, Musk founded SpaceX, an aerospace manufacturer and space transport services company.
    • He is its CEO and chief engineer.
    • In 2004, he was an early investor in the electric vehicle manufacturer Tesla Motors, Inc. (now Tesla, Inc.).
    • He became its chairman and product architect, eventually assuming the position of CEO in 2008.
    • In 2006, he helped create SolarCity, a solar energy company that was later acquired by Tesla and became Tesla Energy.
    • In 2015, he co-founded OpenAI, a nonprofit artificial intelligence research company.
    • The following year, he co-founded Neuralink—a neurotechnology company developing brain–computer interfaces—and The Boring Company, a tunnel construction company.
    • In 2022, Musk purchased the social media platform Twitter for $44 billion.
    • He has made controversial statements on politics and technology, particularly on Twitter.
    • He has also been criticized for making unscientific and misleading statements, such as spreading COVID-19 misinformation.
    • In 2018, the U.S. Securities and Exchange Commission (SEC) sued Musk for falsely tweeting that he had secured funding for a private takeover of Tesla.
    • Musk stepped down as chairman of Tesla and paid a $20 million fine as part of a settlement agreement with the SEC.

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    Test your knowledge about the entrepreneurial journey of Elon Musk, from co-founding PayPal to venturing into space exploration and electric vehicles. This quiz covers his career milestones, controversial statements, and significant contributions to various industries.

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