At 39, entrepreneur is at the top of two very different companies that quite possibly could change the world.
On one end of the Paypal co-founder’s business spectrum is SpaceX, a rocket and spacecraft company that stands poised to cash in on a billion-dollar cargo delivery contract to keep astronauts on the International Space Station stocked with clothes, vittles and any other supplies they might need.
At the other is Tesla Motors, the electric car manufacture which Musk has helped through a multimillion-dollar IPO. BusinessNewsDaily recently spoke with Musk to learn the guiding principles behind his entrepreneurial success.
In our business world today, we revere many of our most financially successful business leaders with intense fervor. Think about all the impromptu memorials at Apple stores for Steve Jobs when he passed away. Look at the attention and respect that Elon Musk, Jeff Bezos and Richard Branson demand. But is this deserved and should small business owners try to imitate them? Or are they ultimately bad for capitalism?
On The Small Business Radio Show this week, David Gelles, New York Times columnist has interviewed a lot of CEOs. His new book is “The Man Who Broke Capitalism: How Jack Welch Gutted the Heartland and Crushed the Soul of Corporate America—and How to Undo His Legacy”
When David got started as a business reporter, he explains that this isn’t the type of book he imagined he would one day be writing since he “started at Forbes magazine who one of the publications playing a “boosterish role” for these CEOs.” David wanted to write this book because over the last several years, things are not working for this country.”
The impressive feat — most flights are spaced out at least a full day apart, with many averaging between five and seven days — made it the fastest three-flight series for orbital rockets in the history of space exploration.
The company’s Falcon 9 rocket is also breaking records, as it was used for the 13th time this weekend, making it SpaceX’s most launched spaceship.
SpaceX launched 53 Starlink satellites from the NASA Kennedy Space Center in Florida Friday, followed by a launch out of Vandenberg Space Force Base in California Saturday for the German military. The final mission was back in Florida Sunday at Cape Canaveral Space Force Station, carrying a satellite to orbit for communications company Globalstar.
Tesla boss Elon Musk has ordered staff to return to the office full-time, declaring that working remotely is no longer acceptable.
The new policy was shared in emails that were leaked to social media.
Tesla did not respond to a request for comment on the messages, one of which appeared to be addressed to executives.
People who are unwilling to abide by the new rules can “pretend to work somewhere else” Mr Musk said on Twitter, when asked about the policy.
“Everyone at Tesla is required to spend a minimum of 40 hours in the office per week,” he wrote in one of the emails. “If you don’t show up, we will assume you have resigned.”
The transition from Twitter being a publicly traded company led by CEO Parag Agrawal to a privately-held company owned by billionaire Elon Musk has been anything but smooth and drama free.
Musk’s purchase, which is widely expected to close by the end of 2022, has been the cause of contention among shareholders Twitter employees who have been vocal about their concerns for the company moving forward.
It seems as though some of these concerns were well-founded last week when Agrawal told employees that two top Twitter execs — Kayvon Beykpour (general manager of consumer) and Bruce Falck (revenue product lead — would be leaving the company, shortly after Musk himself explained that his bid on the company was “on hold” pending an accurate report of what percentage of Twitter users are actually bots and spam accounts.
Agrawal did not publicly comment on the matter at the time but took to Twitter over the weekend to break his silence regarding Musk’s deal and the departure of the employees, noting that he does “expect the deal to close.”
A powerful geomagnetic storm has doomed 40 Starlink satellites launched by SpaceX last week, the company has announced.
Elon Musk’s company launched a Falcon 9 rocket bearing the 49 satellites from Kennedy Space Center in Florida on Thursday (Feb. 3), but a geomagnetic storm that struck a day later sent the satellites plummeting back toward Earth, where they will burn up in the atmosphere.
“Unfortunately, the satellites deployed on Thursday were significantly impacted by a geomagnetic storm on Friday,” SpaceX said in a statement. “Preliminary analysis show[s] the increased drag at the low altitudes prevented the satellites from leaving safe mode to begin orbit-raising maneuvers, and up to 40 of the satellites will reenter or already have reentered the Earth’s atmosphere.”
Bitcoin and cryptocurrency investors were yesterday glued to one of the most hotly-anticipated events in the crypto calendar so far this year—a live discussion between Tesla and SpaceX billionaire Elon Musk, Twitter’s Jack Dorsey, and major Tesla and bitcoin investor Cathie Wood.
The bitcoin price jumped in anticipation of the virtual event, climbing back from under $30,000 per bitcoin to over $32,000, and finding fresh support after Musk revealed that his rocket company SpaceX has joined Tesla TSLA -0.9% in holding bitcoin.
Elon Musk took to Twitter this morning to announce that customers will soon be able to buy a new Tesla using bitcoin instead of fiat currency.
The move to accepting bitcoins as payment comes roughly a month after Tesla announced it bought $1.5 billion worth of bitcoin and that it had plans to enable bitcoin as a payment option in the future.
In a further tweet, Musk clarified that Tesla would not convert the bitcoin payments into fiat cash, and would instead hold onto the bitcoin as bitcoin.
SpaceX CEO Elon Musk is getting into the city-building business.
On Tuesday, Musk tweeted about “creating the city of Starbase, Texas.” He followed that up with a few other details, some of which are typically Muskian — for example, he says the city will be dog friendly and its leader will be The Doge, a pun on a medieval elected lord title of the same name and the cryptocurrency DOGE, which is Musk’s favorite.
However, it appears that Musk is serious about creating a new city. SpaceX’s launch and development site for Starship resides in the unincorporated community in Cameron County, Texas. Musk claims he wants to incorporate the village and the land that surrounds it into a much bigger city called Starbase.
If you want your Tesla to drive itself down some streets and on the highway (with you still at the wheel, paying attention, of course) you need to put down some serious cash for the Full Self-Driving (FSD) mode. But in 2021, there might be more options.
Instead of paying $10,000 to add FSD mode to the Tesla advanced driving system, called Autopilot, Tesla CEO Elon Musk tweeted Sunday about subscription access. That means anyone with a Tesla could pay month-to-month for the driving mode. It’s currently in beta with a select group of Tesla users and that’s it.
It’ll open up to more people at some point in 2021. Even though Musk had previously mentioned a rollout by the end of 2020.