Musk owns a 16 percent stake and stocked the board with friendly faces, including his brother and Antonio Gracias, a longtime friend and investor. He poured more than $100 million of his own money into SpaceX in its early years and has majority control of the firm. Musk built new businesses - he founded SpaceX in 2002 and invested in Tesla in 2004 - he ensured he could exert his will at each company. Musk, who soon embraced the idea that he - and he alone - should be in charge of future ventures.Īs Mr. Musk over disagreements about the company’s direction. In 2000, X.com’s board and the executive Peter Thiel ousted Mr. They had to race to make the feature a reality, the person said. It was the first time his engineers had heard about the feature, said a person who worked with him at the time. Musk said the company would guarantee transactions on all auctions on eBay, the e-commerce site. In a live television appearance that year, Mr. student in physics at Stanford University. After starting college in Canada, he moved to the United States in 1992, graduating with degrees in economics and physics from the University of Pennsylvania and then enrolling as a Ph.D. Musk became interested in computers and programming languages as a child.
In a deposition over a botched effort to take Tesla private that same year, he was rueful, saying, “If I had a hindsight machine, that would be really great.” Keeping Controlīorn in Pretoria, South Africa, Mr. Musk called himself an idiot in vulgar terms. In emails about a 2018 defamation case stemming from one of his tweets, Mr. Musk, who did not respond to requests for comment, is far from ignorant of the chaos that he leaves behind.
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Musk has embraced a flawed understanding of the free speech issue.
To push the $44 billion deal through, he turned to a small inner circle, including Jared Birchall, the head of his family office, and Alex Spiro, his personal lawyer.
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He had no plan for how to finance or manage Twitter, Mr. Musk, the world’s richest man, did the opposite. As Twitter negotiated a sale to Elon Musk last month, the social media company pulled out a corporate takeover playbook.