• Entrepreneur Elon Musk is the co-founder of PayPal. He is currently chairman of Solar City and CEO of Tesla Motors and SpaceX. Musk founded SpaceX, a developer and manufacturer of space launch vehicles, in 2002. On September 28, 2008, the Falcon 1 rocket became the first privately financed liquid powered vehicle to achieve earth orbit.TechRadar: Falcon 1 launched into space... finally (September 29, 2008)

• Fast Facts

  1. Born: June 28, 1971 (age 37)Inc.com: Entrepreneur of the Year: Elon Musk
  2. Residence: Bel-Air, CaliforniaInc.com: Entrepreneur of the Year: Elon Musk
  3. Education: B.A. Economics and Physics from University of PennsylvaniaInc.com: Entrepreneur of the Year: Elon Musk
  4. Net worth: $328 millionInc.com: Entrepreneur of the Year: Elon Musk
  5. Spouse: Justine MuskInc.com: Entrepreneur of the Year: Elon Musk
  6. Children: 5Inc.com: Entrepreneur of the Year: Elon Musk

• Tesla Funding

  In an interview with Car and Driver magazine for the May 2009 edition, Musk reported that Tesla Motors had secured additional funding, with one of the primary contributors being GE. After being reported by the blog Gawker, GE responded to the claim saying that the funding did not go through and the offer had been pulled after the interview with Musk.Gawker: Tesla CEO Says GE's ... (March 30, 2009)

• Background

  The son of a South African engineer and a Canadian mother, Elon Musk was born and raised in South Africa. His father bought him his first computer at age 10 and he taught himself how to program. By the age of 12 he sold his first commercial software, a space game called Blaster. At the age of 17 Musk left South Africa in part because of compulsory service in the South African military and enrolled at Queen's University in Ontario, Canada. Musk transferred to the University of Pennsylvania after receiving a scholarship to the Wharton School of Business. There he received a bachelors degree in Economics and stayed an extra year to finish a degree in Physics.Inc.com: Entrepreneur of the Year: Elon Musk

• Entrepreneur

  In 1995, Musk left a graduate program in physics at Stanford University to start the online content publishing software provider Zip2. The company was bought by Compaq's AltaVista division for $307 million in cash and $34 million in stock options in 1999. In March 1999, Musk co-founded X.com, an online financial services and email payments company which later became PayPal. PayPal was acquired by eBay for $1.5 billion in stock in October 2002.Inc.com: Entrepreneur of the Year: Elon Musk

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