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'''Elon Reeve Musk''' ({{IPAc-en|ˈ|iː|l|ɒ|n}}; born June 28, 1971) is a<!--Talk page consensus is that "South African-born" or "Canadian" should not be placed in this first sentence; please leave citizenship and place of birth for later in the lead, per MOS:BLPLEAD.--> businessman and investor<!-- Talk page consensus is to not describe Musk as an engineer but mention his title at SpaceX. --><!-- If something has already been added/removed from this lead several times, please get consensus on the talk page before adding/removing it again.--> known for his key roles in space company [[SpaceX]] and automotive company [[Tesla, Inc.]] Other involvements include ownership of [[X Corp.]], formerly Twitter, and his role in the founding of [[The Boring Company]], [[xAI (company)|xAI]], [[Neuralink]] and [[OpenAI]]. He is one of the [[The World's Billionaires|wealthiest people in the world]]; {{As of|2024|7|df=US|lc=y}}, ''[[Forbes]]'' estimates his net worth to be US$221 billion.<!-- Do not update his net worth everyday – stick to once a week at most. --><ref>{{Cite web|url=https://www.forbes.com/sites/forbeswealthteam/article/the-top-ten-richest-people-in-the-world/|title=The Top 10 Richest People In The World (July 2024)|website=Forbes|date=July 1, 2024|access-date=July 2, 2024|archive-date=July 2, 2024|archive-url=https://web.archive.org/web/20240702170307/https://www.forbes.com/sites/forbeswealthteam/article/the-top-ten-richest-people-in-the-world/|url-status=live}}</ref>
Musk was born in [[Pretoria]] to model [[Maye Musk|Maye]] and businessman [[Musk family|Errol Musk]] and briefly attended the [[University of Pretoria]] before immigrating to Canada at age 18, acquiring citizenship through his Canadian-born mother. Two years later, he [[Matriculation|matriculated]] at [[Queen's University at Kingston]] in Canada. Musk later transferred to the [[University of Pennsylvania]] and received bachelor's degrees in economics and physics. He moved to California in 1995 to attend [[Stanford University]], but dropped out after two days and, with his brother [[Kimbal Musk|Kimbal]], co-founded online [[city guide]] software company [[Zip2]]. The startup was acquired by [[Compaq]] for $307 million in 1999. That same year, Musk co-founded [[X.com (bank)|X.com]], a [[direct bank]]. X.com merged with [[Confinity]] in 2000 to form [[PayPal]]. In October 2002, [[eBay]] acquired PayPal for $1.5 billion. Using $100 million of the money he made from the sale of PayPal, Musk founded SpaceX, a [[spaceflight]] services company, in 2002.
In 2004, Musk was an early investor who provided most of the initial financing in [[electric vehicle]] manufacturer Tesla Motors, Inc. (later Tesla, Inc.), assuming the position of the company's chairman. He later became the product architect, and in 2008 the CEO. In 2006, Musk helped create [[SolarCity]], a solar-energy company that was acquired by Tesla in 2016 and became [[Tesla Energy]]. In 2013, he proposed a [[hyperloop]] high-speed [[vactrain]] transportation system. In 2015, he co-founded OpenAI, a nonprofit [[artificial intelligence]] research company. The following year, Musk co-founded Neuralink—a [[neurotechnology]] company developing [[brain–computer interfaces]]—and The Boring Company, a tunnel construction company. In 2018, the [[U.S. Securities and Exchange Commission]] (SEC) sued Musk, alleging that he had falsely announced that he had secured funding for a private takeover of Tesla. To settle the case, Musk stepped down as the chairman of Tesla and paid a $20 million fine. In 2022, he [[acquisition of Twitter by Elon Musk|acquired Twitter]] for $44 billion. He subsequently merged the company into newly created X Corp. and rebranded the service as X the following year. In March 2023, Musk founded xAI, an artificial intelligence company.
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