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• Born in 1971, South Africa
• At age 12, Musk taught himself computer
programming and created a video game called Blastar
• Graduated from University of Pennsylvania. Dropped out
of Stanford University to take advantage of internet boom.
• Started with online newspaper company , Zip2. ,sold the
company in 1999 for $307 million.
• In 1999 he co-founded X.com, which changed its name to
PayPal (online payment company)
• Co-founded Tesla motors in 2004 , CEO and chief product
• Co-founded solar city along with his cousins with him as
the highest stake-holder.
• Founded Space-X in 2002 , with an aim of advanced and
efficient rocket technology.
• Referred as thrillionaire.
• In 2013- Musk introduced his new endeavor – The
Hyperloop (5th mode of transport).
Who is he?
Journey from Worst to Worth Company
• Established in December 1998, at Confinity.
• Confinity is a company that developed security software for hand held devices.
• Developed & launched as money transfer service at Confinity, founded by John
• Initially worked as Palm Pilot payments.
• Confinity merged with X.com, an online banking company founded by Elon
• President and CEO of X.com Bill Harris left the company.
• X.com will terminate its other internet banking opterations and focus on PayPal services.
• The company X.com was then renamed PayPal.
• Companies executive decides to take PayPal to public.
• IPO listed ticker at $13 per share and ended up generating over $61 million.
•In J uly 2002 PayPal was acquired by eBay for $1.5 billion.
•PayPal became the payement method used by a majority of eBay users.
•Paypal had over 100 million active user accounts in 190 markets through 25 different currencies.
•Hacktivist grouped tried to distrup PayPal's operations.
•Focused on International growth.
•Accounted for 40% of the eBay's revenue.
• eBay decided to spin off PayPal into a seperat publicity trade company.
• PayPal acquired Xoom corporation for about $1.9 billion.
• This strengthen the PayPal's internatonal business, giving access to 1.3 million active U.S.
• PayPal operates 203 markets and has 179 million active, registered accounts, and allow
use of 26 currencies.
• PayPal joined the Fortune 500 for the first time.
• Founders and early employers of PayPal are informally termed as
PayPal Mafia. After PayPal was acquired by eBay, around 200 employees
departed. Most of this employees who left PayPal started their own
company and majority of them became successful. These companies
includes LinkedIn, YouTube, Reddit, etc.
• PayPal is trying to crack the Chinese market and they have failed with
their effort till date. The day they break into China is the day 165 million
users turns into more than 300 million.
• The total revenue generated by PayPal is amounted to a fraction under
$8 billion, and the processing amount is above $61 billion in first three
months of the year. This means everyday PayPal processes $9.3 million.
Facts About PayPal
• PayPal is available in 203 markets around the globe, and it processes
payment in 100 different currencie.
• In United States, PayPal accounts for as much as 30% of all online
transactions, making it third most popular method behind credit
cardsand debit cards.
• The company’s only transaction medium eBay, now accounts for only
45% of the total transaction.
• PayPal is growing day by day, as evidence by the fact that their total
transaction volume amounted to $180 billion in 2013, but had to $228
billion in 2014.
Availability and Growing
Inception and Progress
• Falcon 1 -Founded in 2002,the first
private company to launch liquid fuel
rocket in the orbit( september 2008).
• Falcon 9-First private company to
launch and recover a
• Dragon-First private company to
send a space craft to ISS.
• Falcon 9-First water landing of a first
stage orbital rocket(april 2016).
• Falcon 1- All three rocket engines were privately
• Falcon 9- US government funded a portion in development.
• August 2012-SpaceX joined a large development contract
• At year end of 2012 SpaceX had 40 launches on his manifest
representing about $4 billion in contract revenue.
• January 2015-SpaceX raised $1 billion in funding from
google and fidelity.
Future of Space Exploration..
• Privatizing space transportations.
• Making it possible for humans to live on other
• Fully reusable aircrafts.
• Making it economical to travel in space.
1. unique approach to R&D.
2. Reusable rocket system.
3. competitive prices
1.in future, more expensive
2. investment in vain.
3. future profitability.
4. invest a lot in R&D
Leading role in rocket development.
Lots of revenue.
Raw material cost increases.
Labor cost increases.
Loss of contract from bigger agencies.
They don’t create missions of their own.
If government lose their interest.
• 1799 , first patent of pressurized tube transportation by British mechanical
• Coined the word hyper(hypersonic) + loop (runs in loop) in July 2012 at
a PandoDaily event in Santa Monica, California .
• This would be immune to weather, collision free, twice the speed of a plane,
low power consumption, and energy storage for 24-hour operations.
• From late 2012 until August 2013, a group of engineers from
both Tesla and SpaceX worked on the conceptual modelling of Hyperloop.
• Musk made hyperloop an open source design.
• June 2015 – Space X made 1.6 mile long hyperloop test track beside SpaceX
Hawthorne facility for test run by third parties.
• By November 2015 , several companies and student’s team are working on
hyperloop’s concept in Hawthorne facility , improvising the design.
Inception and progress
• Announced their plan to connect LA and Las Vegas in Feb 2015
• They have organized board with group of 100 engineers , raised capital of 90 million USD.
• On May 11, 2016 Hyperloop One conducted the first live trial of Hyperloop technology.
• In July 2016, they released a preliminary study that suggested a Hyperloop connection
between Helsinki and Stockholm would be feasible, reducing the travel time between the
cities to half an hour. The construction costs were estimated to be around €19 billion (US$21
billion at 2016 exchange rates).
• Group of 500 part time engineers located across US
• They are working on the route connecting San Francisco and Los Angeles.
• Finalized deal in May 2015 with landowners to build 5 Km test track in the proposed route.
• Partnered with Oerlikon Leybold Vacuum and AECOM to assist in the development and
construction of the test track
• estimated to take 32 months to complete at a cost of US$150 million.
Groups that acquired funding
• A Toronto Based startup that intends to connect Toronto and Montreal
• Their full scale model will be revealed in InnoTrans Rail show – Berlin in
• Their infrastructure is capable of being solar powered with computer
• TransPod has announced a plan to produce a commercial vehicle by
2020 and to work with regulatory agencies for approval of its first
hyperloop lines between 2020-25.
Groups that acquired funding
Less expensive than other
ideas • Modern • Fast •
Easier to build •
Earthquake resistant •
Reduced drag and friction
• Foreign mode of transportation
• Fast speeds may deter people •
Hyperloop is not yet perfected •
Overlap with other proposals •
Proposed tube size may “choke”
• New and unknown • Not
everyone wants to travel that
fast • Not much room in each
“capsule” • Trains work fine
and people like them • Turns
prevent it from hitting top
• New • Exciting • Safety •
Efficiency • Can be used in
Mars Transportation • Faster
than normal trains
5th Mode of transportation : The future?
The Hyperloop will be viewed as an astonishing advancement in
current transportation technology. Because it will be safer, quieter,
cheaper, environmentally friendly, and most importantly, faster.
Through the use of “The Fifth Mode,” people will see how the
Hyperloop really is the way of the future. This communications
strategy will bring the many positives of building the Hyperloop
forward so potential investors and consumers alike will see that
investing and using the Hyperloop is a smart choice for everyone.