Home / Science / Love him or hate him, Elon Musk enjoys a spectacular run

Love him or hate him, Elon Musk enjoys a spectacular run

Whether you find it admirable or disgusting, Elon Musk has had a fantastic year.

SpaceX, the company he founded in 2002, blew up two American astronauts to the International Space Station in late May and brought them home safely on a historic splashdown Sunday, heralding a new era in private space travel. Tesla Inc., its electric car maker, recently celebrated its fourth consecutive quarter and may soon be included in the S&P 500 index. This year’s stock rally has made the California company the most valuable automaker in the world, with a market value of around $ 267 billion at the close on Friday.

And then there̵

7;s Musk himself. The 49-year-old South African immigrant, who like the Silicon Valley CEO is a celebrity in Los Angeles, is the tenth richest person in the world according to the Bloomberg Billionaire index.

While the chief executives of the Big Four technology companies – Amazon.com Inc., Apple Inc., Facebook Inc. and Google Inc. – were mocked as “cyber barons” at the convention grilling last week on musk musk basking in the Sunday New York Times in Style Section Treatment.

It’s been a remarkable turning point since the dark days of 2018, when Tesla struggled to boost production of the Model 3 sedan, numerous executives quit, and Musk was sued by the U.S. regulators for his notorious “go private” tweet.

Coronavirus controversy

File photo - A protester holds a sign outside Tesla's main vehicle factory in Fremont, California after CEO Elon Musk announced that he was opposing local officials' instructions to remain closed.
File photo – A protester holds a sign outside Tesla’s main vehicle factory in Fremont, California after CEO Elon Musk announced that he was opposing local officials’ instructions to remain closed. (REUTERS)

Since then, he hasn’t made himself popular with everyone. Musk came under fire for downplaying the coronavirus pandemic. In early March, he tweeted that “coronavirus panic is stupid” and then predicted that the US would have “almost zero new cases” by the end of April. In California, where Tesla’s huge auto plant employs approximately 10,000 people, Musk defied Alameda County health agencies by late closing and reopening the plant and dared to arrest him.

(Also Read – Timeline: Elon Musk vs. California Authorities Against Covid-19)

But in a year in which much of the nation has crumpled or withdrawn due to increasing viral infections and widespread economic fears, Musk is exuberant and expanding. Tesla, which employs 55,000 people worldwide, is setting up and building a new auto plant in Austin, Texas, for its upcoming electric pickup. Musk suggested on Friday that Tesla’s workforce could grow to 65,000 by the end of the year.

“We are full of admiration” for the entire Tesla team, James Anderson of Scottish money manager Baille Gifford, Tesla’s second largest shareholder after Musk himself, said in an email: “What they are doing is a rare but central wave of.” Light in a dark world. “

Baillie Gifford declined to comment on the success of SpaceX, in which it also invests. Musk’s privately held company, which is currently raising $ 1 billion, is one of the most valuable venture-backed companies in the United States.

SpaceX successes

SpaceX – formerly Space Exploration Technologies Corp. – is best known for launching the Falcon 9 reusable missile for customers, including commercial satellite operators, the National Aeronautics and Space Administration, and the U.S. military. The successful flight of astronauts Bob Behnken and Doug Hurley is the first time that SpaceX has flown people – great evidence of a company founded to colonize Mars.

“Welcome back to planet Earth and thank you for flying SpaceX,” said Mission Control after the astronauts were injected in the dragon capsule in the Gulf of Mexico. Congratulations on Twitter from President Donald Trump and his predecessor Barack Obama to competitors like Blue Origin and Boeing Co.

After the test flight “Demo-1” has been completed, SpaceX can start the operational trips for NASA. Mission Crew-1 is scheduled for late September.

SpaceX is also testing Starship, the next generation rocket that will fly humans to the moon and then to Mars. It is also preparing to launch its own space-based Internet service called Starlink. And later this month, Musk promises to release a “progress update” to Neuralink, its startup for the brain-machine interface.

“If you want the person to change the world, you will have some rough edges,” said Gene Munster, managing partner of Loup Ventures, in a Sunday interview about Musk. “Ultimately, success speaks for itself. And although it feels like everything has come together for him this year, he has laid the foundation stone in the past ten years.”

This story was published by a wire agency feed with no changes to the text.

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