Elon Musk is the founder, CEO and CTO of SpaceX, co-founder of Tesla Motors, and chairman of SolarCity. He is also the founder of The Boring Company, a tunnel construction company. In March 2018, he founded Neuralink, a neurotechnology company focused on developing brain–computer interfaces, and founded OpenAI, a non-profit research company that promotes friendly artificial intelligence.
In December 2016, he joined the board of directors of Hyperloop One. Musk has also proposed the Hyperloop, a high-speed vactrain transportation system.
Musk was born to a Canadian mother and South African father and raised in Pretoria, South Africa. He briefly attended the University of Pretoria before moving to Canada aged 17 to attend Queen’s University. He transferred to the University of Pennsylvania two years later, where he received dual bachelor’s degrees in economics and physics. He moved to California in 1995 to attend Stanford University but decided instead to pursue a business career, co-founding web software company Zip2 with his brother Kimbal.
The start-up was acquired by Compaq for $307 million in 1999. Musk co-founded online bank X.com that same year, which merged with Confinity in 2000 to form the company PayPal and was subsequently bought by eBay in 2002 for $1.5 billion.
In 2002, Musk founded SpaceX, an aerospace manufacturer and space transport services company, of which he is CEO, CTO, and lead designer. In 2004, he joined electric vehicle manufacturer Tesla Motors, Inc. (now Tesla, Inc.) as chairman and product architect, becoming its CEO in 2008. In 2006, he helped create SolarCity, a solar energy services company and current Tesla subsidiary.
In 2015, he co-founded OpenAI, a nonprofit research company that promotes friendly artificial intelligence in order to benefit humanity as a whole. In 2016, he co-founded Neuralink Corp., a neurotechnology company focused on developing brain–computer interfaces (BCI), and founded The Boring Company (TBC), a tunnel construction business. Musk has also proposed the Hyperloop (a high-speed vactrain transportation system), and has released plans for the Mars Colonial Transporter (MCT), a spacecraft intended to transport humans to Mars within one generation time frame.
As of August 2020, Musk has an estimated net worth of $37 billion and is listed by Forbes as the 31st-richest person in the world.. On July 31st 2020 it was revealed that Elon sold 10% of his bitcoin holdings
This caused many people to question whether Elon sold all his bitcoin holdings or if he just sold 10%?
Elon has been very public about his support for Bitcoin and blockchain technology. He even accepted Bitcoin as payment for Tesla cars back in 2013.
So it came as quite a shock when it was revealed that he had sold some of his Bitcoin holdings earlier this year. .
This caused many people to question whether Elon sold all his Bitcoin or if he just sold 10%. However, it should be noted that Elon still owns some Bitcoin as well as Ethereum holdings according to his public disclosures.
It is still unclear why Elon decided to sell some of his Bitcoin holdings earlier this year but it could be due to the volatile nature of cryptocurrency prices or perhaps he needed the cash for other ventures such as SpaceX or Tesla. Regardless of the reason behind the sale, it is clear that Elon is still bullish on Bitcoin and blockchain technology despite selling some of his holdings this year.