Elon Musk is CEO and Chief Technology Officer of SpaceX, a company which focuses on space exploration technologies.
Prior to founding SpaceX, Musk founded a company Zip2, which helps newspaper companies put classified ads and other local information on Web sites. He sold it to Compaq for $307 million in cash.
Musk used that to start his next business, PayPal, which enabled e-mail payments. Months after taking it public, he sold it to eBay for $1.5 billion.
Born in South Africa, Musk came to North America at age 17. He graduated from the University of Pennsylvania, where he earned undergraduate degrees in physics and business.
Well, I should point out that actually our long-term goal is human transportation. We're starting off with satellites because I think that it is an existing market. It can serve as a beachhead essentially for us. So we can go in there. We can dominate...(Full transcript available to logged in subscribers.).
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