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Tag: spacex

  • Business Model of SpaceX | How does SpaceX makes money

    When it comes to life and Mars, what’s better than Elon Musk’s SpaceX? Yes, SpaceX is an absolutely dedicated space organization founded by Elon Musk. The work and agendas of SpaceX towards the exploration of space and manufacturing satellites and rockets for better communication during the exploration.

    Elon Musk founded this organization to complete his mission of bringing life to Mars. He holds the vision of bringing humanity to multiple planets in the universe. Besides SpaceX, Elon Musk also founded the extremely popular and successful Electric vehicle and clean energy company, Tesla. His compassion towards both of these prominent companies is Splendid.

    ‌‌SpaceX is the company that is taking aerospace manufacturing to a next level of evolution. The company manages all the aspects required for building rockets and satellites but also, keeps the finances superior over the contemporaries.

    Today, SpaceX is a well-established reliable brand that commercializes space-traveling, pretty affordable and fascinating. Although SpaceX is still a private organization, it manages to be incredibly successful in exploring space travel.

    With the immense success of SpaceX, people often wonder about the business model of the company. And that’s what we are discussing in this article. Let’s begin!

    About SpaceX
    What are the top launch facilities operated by SpaceX?
    Competitors of SpaceX
    Target Audience of SpaceX
    Business Model of SpaceX
    How does SpaceX make money?
    FAQ

    About SpaceX

    ‌‌SpaceX, the incredibly reliable brand which is officially termed Space Exploration Technology Corporation aka SpaceX. The company is an American aerospace producer as well as space transportation services provider, headquartered in  Hawthorne, California, United States.

    ‌‌Elon Musk founded this tremendous company in 2002, with the aim of minimizing the cost of overall space transportation and enabling humanity on Mars. SpaceX is known as the first-ever private organization that funded the liquid-propellant rocket- Falcon 1, to reach orbit and successfully recover back.

    SpaceX is an enormous part of the space transport industry. The company transformed the industry by minimizing the cost of manufacturing a satellite or rocket and brought back the usage of boosters.

    ‌‌SpaceX is entirely based on three subtle offers, that is, Accessibility, performance, and brand status. These hold the biggest fraction behind the success of SpaceX.

    What are the top launch facilities operated by SpaceX?

    ‌‌SpaceX has achieved some remarkable success in the exploration and production of space transportation. The company operates the top four launch facilities, that are:

    • Cape Canaveral Space Launch Complex 40 (SLC-40)
    • Kennedy Space Center Launch Complex 39A (LC-39A)
    • Vandenberg Space Force Base Space Launch Complex 4E (SLC-4E)
    • Brownsville South Texas Launch Site

    Competitors of SpaceX

    ‌‌SpaceX aims to be the first-ever company to operate commercial space travel. The founder, Elon Musk sets the goal to colonize Mars. With its enormous success, the company has dozens of competitors in the market who are willing to finance space travel commercially.

    ‌‌The biggest competitor of SpaceX is Virgin Galactic by Richard Branson and Blue Origin by Jeff Bezos. However, SpaceX is backed by the government of the United States that’s why it ought to be on top.

    Target Audience of SpaceX

    ‌‌SpaceX entirely targets the government and few private companies across the globe. The establishment of SpaceX is based on bringing life on Mars, that’s why its ultimate goal is to serve the complete mankind with its mission of space travel.

    Top 5 Innovative Space Startups of India
    There are many best space startups in India that can see a light at the end of the tunnel. Here we are going to talk about the new space startups or top space startups in India.
    StartupTalkyArbaz Sayed

    Business Model of SpaceX

    ‌‌The first-ever private company that gained the official license from NASA, for launching payloads and humans to space, is SpaceX. The company was founded by Elon Musk in 2002 that makes space travel absolutely affordable. SpaceX follows a very distinct business model along with bold successful strategies.

    Elon Musk believes that the only possible way to colonize Mars is to count on endurable and scalable transportation methods. SpaceX is growing tremendously and getting ready to carry people to Mars.

    ‌‌Since 2002, after the launch of the company, SpaceX has performed dozens of space launches. As of 2020, the company launched 26 missions. SpaceX combines a set of distinct sectors such as aerospace suppliers, manufacturers, subsidiaries, and distributors.

    SpaceX is working towards developing the next level of space transportation by reusing rockets in order to make traveling possible for people and cargo around the orbit of the earth. The achievements of SpaceX are contemplated as the first for any private company.

    How does SpaceX make money?

    ‌‌SpaceX is an extremely successful aerospace company that generates its money by shipping rocket missions to space and directing satellite plans for its clients.

    Last year, in 2020, SpaceX sent two NASA astronauts to the International space station through its reusable rocket, Falcon 9. This was known as the first-ever commercial manned launch.

    In fact, the company signed 15 different commercial missions, estimated to the worth $80 million per launch. The company would earn around $1.2 billion in revenue through this.

    ‌‌SpaceX aims to launch such a rocket that can carry civilians and travel them in Space. The ticket price for this is yet to be disclosed but the estimated value is above millions.

    ‌‌Moreover, SpaceX sells beta access to Starlink projects at the price of $99 per month with a one-time asset of router and disk at $499. The company has also aimed to expand its internet services to airlines.


    Conclusion

    ‌‌The Space Exploration Technologies Corporation, SpaceX has redefined the whole aerospace manufacturing and space travel transportation services and offers with its incredible technology usage. The company aims to make space travel commercial and minimize the total expenditure on manufacturing rockets and satellites. SpaceX is a globally recognized and well-established company with a distinct business model, which is surely beneficial for investing. Stay tuned for more updates!

    FAQ

    Who is the CEO of SpaceX?

    Elon Musk is the founder and current CEO of SpaceX.

    What is the valuation of SpaceX

    The valuation of SpaceX is $74 billion as of 2020.

    How much of SpaceX does Google own?

    Google owns around 8.33% of SpaceX.

  • What Makes A Unicorn Startup & How To Build One

    People know about popular unicorn companies like Uber, Swiggy, Airbnb, Snapchat, and Pinterest and their journey to success, but most people don’t know what a unicorn company exactly means. What are the different criteria for a startup company to become a unicorn? A unicorn in the Business world indicates a privately owned startup company that has a valuation of $1 billion.

    The term was initially coined by a well-known venture capitalist Aileen Lee, who choose the mythical animal to represent the statistical rarity of successful startup companies. The simplest definition of a startup has remained unchanged ever since, while the number of unicorns has gone up. Unicorn has now become a catchphrase within the global startup market. When a startup becomes a unicorn, it shows how the business model of the company and its value proposition is in the eyes of the investors. The unicorn helps grows in both visibility and operational outlay, which often leads directly to greater business opportunities for the organization.

    The article ahead will give you an insight on How to become a Unicorn Startup, the Features & Characteristics of a Unicorn Company, and more.

    The Characteristics of Unicorn Startup
    Investors of the Unicorn Companies
    Can Only Startups be a Unicorn?
    Disruption and Value Seeding
    Market Size of the Unicorn Companies
    Maximizes Growth and Net Profit
    Which Indian Startups turned Unicorn in 2021?
    FAQ’s
    Conclusion

    The Characteristics of Unicorn Startup

    The process to be a unicorn is not easy and each and every unicorn has its own story. All the unicorn companies have a similar set of features that makes them a unicorn startup.

    • Groundbreaking innovations: The unicorn companies have brought a disruption in the field they belong to. Uber, for example, changed the way people commuted. While Airbnb is known to have changed the way people planned their way while traveling. The innovative strategies are what make them a unicorn company.
    • The First innovations: The unicorn companies are mostly the starters in their industry. They change the way people do things and gradually create a necessity for themselves. They are also known to continuously innovate and stay ahead of competitors which might later boom.
    • High Technology: Most unicorn companies have a business model run on a higher level of technology. Almost 87% of the unicorn products are software, 7% of them being hardware, while the other 6% of them being based on products and services.
    • Consumer-focused startups: Their main goal into simplify and make things easy for consumers and be a part of their day-to-day life. Over 62% of the unicorns are particularly B2C companies. Another key ingredient is keeping their products and services affordable.
    • Privately owned: Many known unicorn companies are nowadays privately owned which gets their valuation bigger when an established company invests in it. There are more than 361 private companies around the world valued at over $1 billion. India has 16 of these companies, that are taking up 4% of the overall share.
    Popular unicorn companies outside US
    Popular unicorn companies outside the US

    Key ingredients of a Unicorn

    • To make a simple solution to an existing problem
    • Make a strong and highly marketable value proposition
    • Make a plan in order to have a clear vision for the future of the company and the products and services they offer
    • Unicorn companies have Potential beta testers and customers
    • They usually have an easy-to-use UX that allows users to quickly adapt and get the product.

    Investors of the Unicorn Companies

    Great ideas usually don’t have value until you do something with them, which is what the unicorns companies are good at as they have the right people, skills, tools, and data to make the magic happen. This is taken into consideration by the investors for deciding which startup to fund. It is very important to project revenue and growth.

    Some projections need to be backed by hard data and the forecasting growth for the next 6, 12, or 18 months. If a startup in need of funding without any numbers to back up its claims, the potential investor may not be interested in good. Recent startups wait in order to seek out investors until they have a marketable product with proven demand as well as a number of opportunities coming your way.

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    Can Only Startups be a Unicorn?

    The answer is yes because the unicorn is a term given only to startups who have a valuation of over a billion. The only startups that have a valuation of 10 billion are grouped under the term called decacon (which is a super unicorn). Dropbox, SpaceX, and WeWork are some examples of decacon.

    For the startups that are based out of Canada, there is an exclusive term for what we call a unicorn. It is the narwhal. This means that any Canadian startup company with a valuation of over 1 billion is called a narwhal. Some of the famous narwhale companies are Hootsuite and Wattpad.

    How to become a unicorn startup in 2020

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    Which Indian Startups turned Unicorn 2021?

    Startup Unicorn 2021
    Indian Unicorn Startups 2021

    Here’s the list of Top Unicorn Startups in India 2021

    Disruption and Value Seeding

    The main reason behind the growth and success of each and every unicorn is the disruptive impact it has on its chosen market. A well-known example of this is the on-demand taxi aggregator Uber. Uber uses smartphones as a medium to connect consumers with their nearby cab drivers at the touch of the button, the only reason that has driven the massive success that the company continues to enjoy.

    Uber not only made booking a cab booking more convenient for the end-user but also headed more operational efficiency for cab drivers and taxi service providers by helping them optimize their revenue streams. As a result, the company is now one of the most successful unicorns with a valuation of 64.5 billion in 2020.

    Market Size of the Unicorn Companies

    It is important for startups aspiring to make the title of a unicorn in order to analyze the market they are operating in. Entrepreneurs must understand and analyze their target markets well in advance in order to aim for the title of a unicorn in order to analyze the markets they are operating in. They must analyze their target market and target audience well in advice before aiming to make their startups into the next big thing in the startup community.

    An example of the is Airbnb. Founded as an alternative lodging/hotel solution for business travelers all over the world, the company then changed its approach to target the much larger global hotel industry, which is currently worth 550 million.

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    Maximizes Growth and Net Profit

    There no fixed rule that requires a company to be profitable in order to become a unicorn. In fact one of the earliest unicorns, Nutanix earned the status in 2013 despite a complete lack of profits. The point is that profits and growth don’t always go hand in hand. In fact, going after profit can sometimes slow your ability to increase revenue.

    The startups must work towards building sustainable growth rather than opting for a quick, short-sighted bump in profits. Instead of only focusing on growing your margins to impress investors with fast ROI, they must also focus on perfecting your product, increasing your total revenue, and growing your user base.

    FAQ’s

    What is a startup unicorn?

    A term that describes a privately-owned startup with a valuation of over $1 billion.

    What is a unicorn in a startup?

    In finance, “unicorn” is a term that describes a privately-owned startup. The term was introduced by venture capital investor, Aileen Lee, in 2013 to describe rare tech startups that were valued at more than $1 billion. The phenomenon of unicorns is quite controversial.

    Which Indian startup became unicorns in 2020?

    In all, 11 Indian startups — Unacademy, Pine Labs, FirstCry, Zenoti, Nykaa, Postman, Zerodha, Razorpay, Cars24, Dailyhunt, and Glance — became unicorns this year.

    Which is India’s fastest Unicorn startup?

    Bengaluru and San Francisco-based SaaS startup Postman became the fastest SaaS startup to reach unicorn status. In June 2020, the six-year-old startup secured a Series C funding of $150 million at a valuation of $2 billion.

    Which country has the most unicorns?

    The number of unicorn companies found in China in early 2020 was bigger than those of 29 other countries, including Germany, India, and the UK, combined.

    Conclusion

    Hope you got an idea on how to build a unicorn startup & what are the unicorn startups’ characteristics. Startups into tech will now embrace machine intelligence mostly in its devices or products. Artificial intelligence is the future and is making innovations in the tech industry for years. But its presence will become more in the coming years. This in turn will give rise to unicorn startups which will dominant the startup industry. The moto is not to make unicorn startups but to create something that takes away the human effort by making the world a little better.

  • Why Elon Musk wants to sell his Last Remaining House?

    Elon Musk had always been in the lime light and lately has been facing a lot of criticism due to the cryptocurrency market as well as questions raised on his sustainability projects. The most recent criticism faced by him was about non payment of taxes and very little payment of taxes.

    However, any tweet posted by Elon Musk had always been the headlines of the news, even the recent tweet as well. Elon Musk had gone to Twitter and tweeted that he would want to sell his last remaining house. Let’s look at why he would want to sell his house.

    Elon Musk – Latest News
    Reason Why Elon Musk is selling his house
    Major Reason Why Elon Musk is selling his house
    FAQ

    Elon Musk – Latest News

    The Chief Executive Officer of Tesla, Elon Musk had conveyed through Twitter that he is going to sell his last remaining house. The tweet was posted on 9 June 2021 which is a week after Elon Musk and other billionaires were criticized for the payment of their tax returns.


    Elon musk said that he had decided to sell his last remaining house and added that it is a special place and would want to find a large family who would want to live there.

    He conveyed that he had only one house left in the San Francisco Bay area which is being rented out for events to be held and added that if he would sell it, the house would see a lesser use until and unless it is bought by a large family.

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    Reason Why Elon Musk is selling his house

    Elon Musk had mentioned through his tweet which said that he had sold all his property and houses and there was only one left in the Bay area of San Francisco which is actually rented out for events to be held.

    He further added in his tweet that he is working on sustainable energy on Earth with the help of Tesla, protecting the future of consciousness by trying to make life multiplanetary by working on SpaceX, working on AI risk mitigation through Neuralink and fixing the traffic faced with The Boring Company.

    The Chief of Tesla, Elon Musk had announced about his plans to sell his property more than a year ago. This was a step taken by the him in order to cut down the criticism he faced regarding his wealth. However, it was found the within the span of few days he had put two of his properties for sale in the market.

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    Major Reason Why Elon Musk is selling his house

    One of the major reasons was because at the beginning of June 2021 Elon Musk, CEO of Amazon, Jeff Bezos and the Chairman of Berkshire Hathaway. Elon Musk had been criticized for paying a very little amount as Income Tax returns when compared to the wealth they possess. This was regarding the citing of valuable resources by the Internal Revenue Service Data on Tax returns for the thousands of Wealthiest Americans.

    It was found that Elon Musk had paid no income taxes in the year 2018 and had paid around USD 70, 000 in the years 2015 and 2019. After the report from Pro Publica, Elon Musk had conveyed that he would keep paying the Income Tax in the state of California with regards to his stay in the place.

    Elon Musk's house in Boca Chica
    Elon Musk’s house in Boca Chica 

    Elon Musk had moved from California to Texas the previous year and conveyed that he rents a property which is estimated to be around USD 50,000. It is a house in Boca Chica from the Space Exploration Technologies Corp and also has a launch site in the area.

    Conclusion

    Elon Musk had been criticized for an innumerable amount of reasons lately and the most effective was the video that was released by the Anonymous group which had exposed a lot of controversies against the billionaire.

    FAQ

    Why Elon Musk sold his houses?

    One of the reasons that Elon Musk sold his houses could be to cut down the criticism he faced regarding his wealth.

    What is the Net worth of Elon Musk?

    The estimated net worth of Elon Musk is 15,320 crores USD.

    How much is Elon Musk’s house worth?

    Elon Musk sold a contemporary 9.309-square-foot mansion with six bedrooms and seven bathrooms for $29.72 million. He also sold a Colonial-style home for $6.77 million, and a third small property for $4.43 million.

  • Elon Musk: The Real Life Iron Man

    This figure needs no introduction. The man with the citizenship of South Africa, Canada, and the United States, the entrepreneur is without second thoughts the most talked about man in the tech industry now. There’s nothing that this man can achieve. At 47, he has achieved almost everything one can dream of. Starting from launching rockets into the orbit, making cash payment easy (through PayPal), launching electric vehicle, and building Hyperloops, Musk has had his finger in all possible pies. His appearance in television shows and gracing award shows makes him a favorite for tabloids. His appearance in Rick and Morty, a television series that has gained a huge following, attests to his popularity. Elon Musk is the real-life Tony Stark!.

    Elon Musk”s net worth is $176.4 Billion as of April,2021.

    Elon Musk Story
    Elon Musk Companies
    Elon Musk-Zip2 Corporation
    Elon Musk-PayPal
    Elon Musk-Space X
    Elon Musk-Tesla Motors
    Elon Musk-The Boring Company
    Why Elon Musk is Famous?
    Elon Musk – FAQs

    Elon Musk Story

    Born in Pretoria, South Africa, Elon always wanted to do something big about his fantasies. He was lost in his imaginary world so much that his parents had to consult a doctor to have his hearing checked.

    To see your parents getting separated is the last scene a child would like to see. It leads to all kind of trauma. Elon, who was ten at the time of his parent’s divorce, kept himself from getting distracted by immersing himself in the world of computers. At twelve, he created his first software, a game called Blastar.

    As a child, Elon was an introvert and a bookworm. Unfortunately, he was bullied at school until he learnt karate and basic wrestling.

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    Elon Musk Companies

    Elon Musk has founded and has been associated with many companies. He founded Zip2 Corporation in 1995 and later launched other companies like X.com, Space X, The Boring Company, and more. He is the CEO, and product architect of Tesla.

    Elon Musk-Zip2 Corporation

    Zip2 Corporation - Elon Musk Company
    Elon Musk Zip2 Corporation Logo

    The startup Zip2 Corporation provided Elon’s first shot at becoming a household name. Elon and his brother, Kimbal Musk, were the founders behind Zip2 Corporation. Zip2 Corporation was an online city guide and provided content for companies like The New York Times and the Chicago Tribune. A division of Compaq Computer Corporation brought Zip2 Corporation for $307 million.

    Elon Musk-PayPal

    PayPal - Elon Musk Company
    Paypal Logo

    His next step to fame was introducing X.com, which later became PayPal. He worked with Kimbal Musk and the brothers used the money received from the sale of Zip2 to set up X.com in 1999. X.com (PayPal) was an online financial services and payments company. Acquisition by another domain of the same name lead to a name change and the company was renamed to PayPal. Elon’s net worth saw a steep rise in 2002 when PayPal was acquired by the giant eBay for $1.5 billion.

    Elon Musk-Space X

    space X - Elon Musk Company
    space X Logo

    The name Space X will be forever associated with Elon Musk. Space X stands for Space Exploration Technologies Corporation. Space X was launched in 2002 with the intention of exploring the outer world for commercial purposes. The rise of Space X wasn’t linear, there were many obstacles in the path. Numerous rocket failures during launch plagued a smooth sail. The invention of Space robots and much more space equipment made headlines all around the world. In the year 2008, when Space X had cemented its reputation, NASA awarded the company a contract to handle cargo transport for the International Space station. This move was made to replace NASA’s own space shuttle missions.

    2012 was a grand year for Musk and Space X when the Falcon 9 rocket was launched into space. Falcon 9 was sent to the International Space Station with 1,000 pounds of supplies and extra backup for the astronauts. This was a significant synergy as a private company was collaborating with the International Space Station. A successful attempt to carry a satellite into the geosynchronous orbit was achieved by Falcon 9. It was a landmark achievement since this was a distance at which the satellite would lock into an orbital path matching the earth’s rotation.

    There were more successful attempts by Space X to revolutionize the spacecraft industry and recently, they launched a batch of 60 rockets into space which was followed by another batch of the same size in November 2019.

    Safe to say, mankind wouldn’t have seen such rapid achievements in a decade had it not been for Elon Musk.

    Elon Musk-Tesla Motors

    Tesla - Elon Musk Company
    Tesla Logo

    The automotive industry is another domain Elon Musk has established his dominance in. Elon is the co-founder, CEO and product architect at Tesla Motors. Tesla Motors was founded in 2003. This company develops affordable and eco-friendly mass-electric cars and battery products.

    The unveiling of the iconic Roadster in 2008 was a milestone for Tesla. Roadster can accelerate from 0 to 60 mph in just 3.7 seconds and has upset many sports cars brands that were unchallenged till now.

    Model S, the company’s first electric Sedan was another offering that took the industry by storm. Model S was awarded the 2013 Car of The Year award due to its capability to cover 265 miles between consecutive charges.

    Elon Musk-The Boring Company

    The Boring Company - Elon Musk Company
    The Boring Company Logo

    The most recent offering by Elon Musk is The Boring Company that was launched in 2017. This company is devoted to boring and building tunnels to ease traffic. The foundation of The Boring Company was laid by a test dig on the Space X property in Los Angeles.

    In 2019, the company received a $48.7 million contract from the Las Vegas Convention and Visitors Authority to build an underground loop.

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    Why Elon Musk is Famous?

    Achieving multimillionaire status and envy worthy success in mid 20s is no less than legendary. At the age when children spend most of their time mugging up science theories, Elon Musk had created his own software. With the wish to work for the betterment of humanity, Elon has already garnered a dedicated following. While most billionaires indulge is philanthropy for publicity, Elon Musk has his sights set on doing noteworthy deeds that would be remembered for generations to come. The kind of inventions Elon Musk is coming up with makes him a real life Tony Stark!

    Elon Musk – FAQs

    Who is the richest person in world?

    Elon Musk is among the top ten richest people in the world as of March 2021.

    When was Elon Musk born?

    Elon Musk was born on June 28, 1971.

    What is net worth of Elon Musk?

    Elon Musk has a net worth of $176.4 billion dollars.

    What is the Education of Elon Musk?

    Elon Musk is a graduate in 1997 with a Bachelor of Science and  Bachelor of Arts from the University of Pennsylvania.

    What is the Elon Musk age?

    Elon Musk is 49 years as of  April 2021.

    Why is Elon Musk so famous.?

    At the age when children spend most of their time mugging up science theories, Elon Musk had created his own software. Elon Musk came to the limelight in May 2012, after his founded company SpaceX launched a rocket that would send the first commercial vehicle to the International Space Station.

  • Side Projects of Elon Musk

    The South African-born American entrepreneur Elon Musk, (born June 28, 1971 in Pretoria, South Africa) cofounds PayPal as an electronic payment firm, and creates SpaceX, the launch vegetable and spacecraft manufacturer. He has also been one of the first major investors in the electric car manufacturer Tesla as well as Chief Executive Officer.

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    Early life

    Musk came from a father from South Africa and a mother of Canada. He showed early computer and entrepreneurial talent.  In 1988, Musk left South Africa after obtaining the Canadian passport because he refused to support apartheid by the military and because he wanted the greater economic opportunities available in the United States.

    Early Talent
    Early Talent 

    After his studies, he joined Stanford University, but after just two days bravely dropped out with his brother to launch Zip2’s first company. Zip2 just arrived to help companies get online at the start of the Internet boom.

    Musk then sold his Zip2 share to co-found X.com in 1999, with the millions raised, and PaysPal was later merged. Despite disagreements and dismissal of Paypal as a CEO as the larger shareholder in 2000, eBay earned millions of dollars in the $1.5 billion deal acquired by Pay Pal to kick off the Musk Revolution we know so much today. An impressive amount of business plan, start-ups and side projects is acquired by the billionaire, each working on revolutionizing.

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    Elon Musk Side Projects:

    1. The Boring Company

    The Boring Company Logo
    The Boring Company Logo

    The Boring Company (TBC) develops safe, fast-to-dig, and low-cost transport-, utilities and freight tunnels. The company was founded by Elon Musk, founder of Tesla and SpaceX. Our Loop service is planned to be the fastest and best system ever.

    It can be claimed that the Dull Business was recognised more for its name or whacky goods (not least “Not A Flamethrower”) than the brilliant piece of work before the enthusiastic presence of Elon Musk on the Joe Rogan Experience padcast. The name is taken from its key function: bore tunnels and was created in 2016 as a result of the frustration of traffic, as revealed by Elon Musk on Twitter.

    This organization installs tunnels and infrastructures in crowded cities to alleviate pollution. Building contracts in Chicago, Los Angeles, and California are still in place.

    2. Hyperloop

    Hyperloop Logo
    Hyperloop Logo

    In a white paper written by Elon Musk, CEO of Tesla and SpaceX in 2013, Hyperloop is an ultra-high-speed land transportation system planned for passengers and freight. It consists of partially evacuated tubes and high-speed passenger and cargo capsules.

    Some found the most ambitious development of Hyperloop Musk yet, which is a major assertion if you believe it succeeds in space and creates thirty-layer long tubes. Hyperloop is a proposed mode of transportation, according to Elon Musk, for 380 plus miles of journey from Los Angeles to San Francisco in just 35 minutes.

    When do you expect this to happen? With a tunnel, the rail system is built that can operate with reduced drag 800 miles per hour. Currently, Hyperloop is still much in its planning stages, although there were first leaks.

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    3. Solar City

    SolarCity Logo
    SolarCity Logo

    SolarCity is an Elon Musk initiative that we as makers of renewable and energy-saving goods keep tight to our hearts. It was not clearer that Elon shared our view of a better world – and our mission to contribute to it – than SolarCity.

    The brothers Peter and Lyndon Rive created SolarCity in 2006 on the basis of a recommendation of their cousin Elon Musk, chairman and promoter of the organization for a solar business idea. The installed solar panels could produce 440 megawatts (MW) of power by 2009.

    SolarCity is the second-largest solar panel supplier in the USA, an affiliate of Tesla. It pushes the big step towards self-consuming electricity, just as we do at myenergy, from its long-lasting glass to its transparent solar cells.

    Neuralink Logo
    Neuralink Logo

    Elon Musk wants to have brain surgery among everyone. In fact, he needs everybody to have a brain implant — Neuralink, his company’s brain-machine interface. He says that he will overcome several conditions – paralysis, fear, and addiction. He says that it can.

    Scientists must understand even more about the brain and how it can be realized from all other theories. The brain is still enigmatic, and problems like fear and depression are still uncertain about their physiological origins. In the new video from Verge Technology, we discuss what Neuralink might do and what aspects of Musk’s ideas need more science.

    Elon Musk to create Brain – Machine Interface with Neuralink
    In an hour-long interview in Joe Rogan’s podcast, SpaceX [/tag/spacex/] and Tesla [/tag/tesla/] CEO Elon Musk said that his neuro-tech company Neuralink isgoing to launch the first product that can make any brain function as asuperhuman AI. San Francisco headquartered Neuralink is developing impl…
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    4. Open AI

    OpenAI logo
    OpenAI logo

    Musk has been worried about the possible risks of artificial intelligence for some time now. The organization has for several years warned that AI represents the biggest existential danger for human life, as does the technology “invoking the demon.” In the light of this strong position with respect to artificial intelligence, it was a little interesting that Musk announced in December 2015 the launch of its own AI research firm. Open AI is funded by investments of more than $1 billion and focuses on the protection and responsibility of evolving AI technologies.

    By making it available to all, Musk insists that this is the way for major businesses who wish to take advantage of the invention for their own financial benefit.

    His Successful Projects:

    1. Spacex

    Spacex Logo
    Spacex Logo

    “SpaceX designs and manufactures and launches advanced rockets and spacecraft,” founded in 2002 with the aim of revitalizing global interest in space exploration while massively lowering costs. The reusable Falcon Strong, the world’s most efficient operating rocket that holds approximately 64 kilograms, is now mastered by Elon Musk and SpaceX’s 6000 employees. It arrives in February 2018 after his successful test flight.

    With the Falcon 1, a two-stage liquid-fuel craft, the organization entered the arena to bring small satellites into orbit. The Falcon 1 was much cheaper in terms of design and functioning than its rivals, a spacecraft sector mostly dominated by publicly owned and government-funded businesses like Lockheed Martin and Boeing. The SpaceX-developed Merlin engine, a cheaper alternative to those used by other firms, made part of rocket economic efficiency feasible. SpaceX also aimed at making reusable warheads

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    2. Tesla

    Tesla Logo
    Tesla Logo

    Without referencing Tesla, didn’t you think we would celebrate Elon Musk’s finest, did you?

    Elon Musk had a profoundly positive influence on the automotive industry alongside original Tesla designers Martin Eberhard and Marc Tarpenning. In addition to what once was the limited, unchanged, and increasingly under deployed electric and hybrid vehicles market, he has accelerated towards a more competitive future.

    Tesla Motors started with the roadster and proceeded with the X, S and Model 3, which will be in the immediate future. In each model, competitive demand has grown to build their own electric and hybrid cars and the increasing promise of petrol and diesel replacements is illuminated more clearly.

    Tesla has changed the story well and truly in terms of renewable technology on the highways, manufacturing cars capable of driving up to 315 miles with only one charge and hitting 0-60 mph in 2.9 seconds.

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    The failures faced by Elon Musk

    We all know that Elon Musk is an utter visionary with unbelievably better ideas than other citizens. In a recent interview with Joe Rogan, Musk said it was nearly like a curse that he had so many valuable ideas that he always failed to concentrate on a project.

    On the other hand, we are also mindful that on a number of occasions the South African contractor has struggled, many of which include extremely problematic scenarios. Yet Elon Musk seems to be still at the forefront of all the adversities and all the odds.

    Therefore, I wanted to speak about these failures and demonstrate how Elon repeatedly overcomes the most destructive blows and uses the lessons to boost his company:

    1. Netscape Denial and Ousted at Zip2

    Elon Musk did not give up
    Elon Musk did not give up

    When Elon first started out, he applied to a variety of new tech firms, including Netscape, without success. He created a searchable business directory named Zip2 in view of these rejections, which was effectively an online equivalent of a telephone book.

    It might now sound like a very easy concept, but at a time when the use of computers was still very limited, this was groundbreaking. Sadly, in the early years, Zip2 failed and most founders showed little interest in financing the idea.
    In 1996, however, Zip2 finally obtained some much-needed funding, but Elon Musk was ousted as the company’s CEO and given a much smaller role. The entrepreneur chose, after great success, to move forward to focus on a brand-new project that would be the beginning of what we all know as PayPal.

    2. Paypal Was Initially Voted ‘the Worst Business Concept of the Year’

    Believe it or not, as it was launched as authentication software for the PalmPilot and other mobile devices, PayPal was voted the worst business concept of the year in 1999. Musk and co-founder Max Levchin, however, continued to concentrate on building an online wallet that was beginning to gain momentum. Eventually, PayPal received funding to grow this project and the business went public in 2002.

    Conclusion

    It’s true that Elon Musk is not only a genius, considering his many mistakes, but also an extremely ambitious human with a burning desire to excel. Although Tesla and Space X are sure to enjoy a prosperous future, it is a tribute to his character that we can clearly not doubt or imagine what the next South African will do!
    The media’s tendency to run through the mistakes as an entrepreneur is one thing we should not all skip over. Never doubt, though, as an upcoming entrepreneur. And when you do make it, they will already be off for your achievements.

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  • SpaceX to send Billionaire Yusaku Maezawa on First Private Voyage to the Moon

    After sending Doug Hurley and Bob Behnken on the first manned flight of the Falcon 9 on May 30, SpaceX CEO, Elon Musk revealed the first private customer to ride around the Moon in his project called Dear Moon on SpaceX’s future massive rocket, the Big Falcon Rocket (BFR). On September 17, 2018, SpaceX announced fashion innovator and globally recognized art curator Yusaku Maezawa, a Japanese billionaire and founder of Zozotown, will be SpaceX’s first private passenger to fly around the Moon in 2023 after successful Falcon 9 voyage.

    This first private lunar passenger flight, featuring a fly-by of the Moon as part of a week-long mission, will help fund development of SpaceX’s Starship and Super Heavy. It will be an important step in enabling access for everyday people who dream of flying to space. You can watch Elon Musk announcing the details about first private space voyage around the Moon in following video:

    SpaceX First Private Voyage

    Yusaku Maezawa, a Japanese retail entrepreneur and art collector’s first words were “I choose to go to the moon.” Standing in front of a small crowd in SpaceX’s corporate office, he announced that he wants artists of different background and specialities – director, painter, dancer, novelist, musician, fashion designer, sculptor, photographer, and architect, to accompany him to the moon. He is yet to select the invitees on the trip which will take about a week.

    Also Read: Elon Musk : Billionaire CEO of SpaceX and Tesla[A Case Study]

    The Japanese billionaire, Yusaku Maezawa said,
    “ I would like to invite six to eight artists from around the world to join me on this mission to the Moon. These artists will be asked to create something after they return to Earth, and these masterpieces will inspire the dreamer within all of us.”
    Maezawa didn’t comment on how much he paid but said that the trip will be free for the artists accompanying him. According to Forbes, Yusaku Maezawa is the 18th-richest person, with a net worth estimated at $2.7 billion, in Japan and the head of the e-commerce company Start Today, which is worth $12 billion.  Earlier this July Maezawa’s Zozotown unveiled its first in-house line of clothes in 72 countries, including the US.

    The estimated cost of the BFR is around $5 billion and SpaceX have heaps of work to complete before the aspiration can be materialized. “We have to set some kind of date. If everything goes 100 percent right, then this is the date. But there are many uncertainties,” Elon Musk said.

    Also Read: Elon Musk to create CYBORG with Neuralink

    The SpaceX’s latest variation of the BFR has the payload capacity to Earth orbit of at least 100,000 kg which makes it a super-heavy-lift launch vehicle.
    Elon Musk has always been outspoken about his aspiration for human beings to colonize Mars. The idea was conceived by the conceptualization of Mars Oasis, a project to land miniature versions of experimental greenhouse and grow plants on Mars in a bid to make the planet habitable.