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Elon Musk – Forbes

REAL TIME NET WORTH

$28.8B

as of 4/2/20

Stats

Age48

Source of WealthTesla Motors, SpaceX, Self Made

ResidenceLos Angeles, California

CitizenshipUnited States

Marital StatusDivorced

Children5

EducationBachelor of Arts/Science, University of Pennsylvania

Musk was accepted to a graduate program at Stanford, but deferred attendance to launch his first business, software company Zip2.

As a kid Musk taught himself to code; he sold his first game, Blastar, for about $500.

$12B

Billionaires March 2015

$13.3B

Forbes 400 September 2015

$10.7B

Billionaires March 2016

$11.6B

Forbes 400 October 2016

$13.9B

Billionaires March 2017

$20.8B

Forbes 400 October 2017

$19.9B

Billionaires March 2018

$19.6B

Forbes 400 October 2018

$22.3B

Billionaires March 2019

$19.9B

Forbes 400 October 2019

I operate on the physics approach to analysis. You boil things down to the first principles or fundamental truths in a particular area and then you reason up from there.

4 hours ago

Elon Musks SpaceX has banned the use of Zoom after growing concerns over the video conferencing apps privacy and security.

Mar 30, 2020

Last week, the most famous person in tech started retweeting posts about the coronavirus.

Mar 26, 2020

The electric car company's first cases come days after it idled production at its main California plant.

Mar 24, 2020

The Tesla CEO acquired 1,200 ventilators from China to help Los Angeles fight against the coronavirus.

Mar 19, 2020

The mercurial billionaire took to Twitter to say his electric car company is willing to produce the critical medical devices for hospitals running short of them.

Mar 18, 2020

The company told California production workers early Wednesday that there were no changes to normal assignments

Mar 17, 2020

Musk reportedly wrote in a memo that it was totally ok if you want to stay home for any reason.

Mar 13, 2020

Since then, concerns over the disease have spread exponentially.

Mar 10, 2020

Concerns about the economic impact of the coronavirus may be causing many CEOs to hold off on new multibillion-dollar capital investment projects. Not Elon Musk.

Mar 10, 2020

The breathless surge in Tesla shares raised expectations Musk would soon hit the first tranche of a jaw-dropping pay package worth at least $55 billion over a decade

Mar 9, 2020

SpaceXs Starlink constellation will not cause any problems for astronomy, the companys CEO and founder Elon Musk said today, Monday, March 9, despite many astronomers already being affected by the rapidly growing constellation.

Mar 9, 2020

Case in point: The latest tweet from Elon Musk about the coronavirus now has almost two million likes on Twitter, and its gaining more retweets, replies, and likes by the hour.

Mar 4, 2020

Your cell phone call is dropped, no problem. Your AV loses all communication, is this a problem ?

Mar 2, 2020

A billionaire investor may want Jack Dorsey out from Twitter. But some of Dorsey's employeesand another high-profile tech billionairedon't seem to share that sentiment.

Mar 2, 2020

It was bold but wrong for the Tesla and SpaceX CEO to proclaim the end of manned fighter aircraft in front of U.S. Air Force officers. Here's why manned fighters will hold the competitive edge over drones and remote-piloted aircraft for decades into the future.

Feb 29, 2020

Tesla's CEO tells a roomful of 'fighter mafia' that their days are numbered. In many respects he's right, but here's why it may take a lot longer than he predicted before drones displace manned fighter aircraft.

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Elon Musk - Forbes

Dear Elon Musk: Stop Tweeting About Coronavirus And Focus On Solutions – Forbes

WASHINGTON, DC - MARCH 09: Elon Musk, founder and chief engineer of SpaceX speaks at the 2020 ... [+] Satellite Conference and Exhibition March 9, 2020 in Washington, DC. Musk answered a range of questions relating to SpaceX projects during his appearance at the conference. (Photo by Win McNamee/Getty Images)

Last week, the most famous person in tech started retweeting posts about the coronavirus. His goal? To counter the argument that the pandemic is getting worse.

The problem is: Most predictions are proving accurate.

Experts have certainly stated on the record that there are serious concerns. Just today, Dr. Deborah Birx, representing The White House, said as many as 200,000 people could die in the U.S. if the outbreak is handled perfectly in every way.

Who and what you retweet can reveal a lot.

Musk had retweeted a book author and journalist named Alex Berenson, saying the estimates for infection and deaths are inflated. Berenson also mentioned how the lockdown in the U.K. is working after only two days. Its all a bunch of theories and counter-arguments, but it seems as though Musk agrees with them.

Earlier this month, Elon Musk noted how it is dumb to panic during the pandemic. I was surprised he didnt parse out the fact that the word panic is literally part of pandemic (the first three letters and the last two). Not all panic is 100% negative, by the way. Panic is a valid response in some situations where we need to act fast and find workable solutions.

In one post late last week, Musk mentioned the idea of administering an antibody test for COVID-19 to see if you are immune. Heres the tweet:

(Side note: To find out more about giving blood in your area, visit this link. Another great piece is here with information about how you can get involved with the counterattack. Ill keep adding more links soon with helpful info.)

Its all good information about antibodies and I appreciate the efforts Tesla is putting into the problem. Last week, the company Musk co-founded donated hundreds of ventilators.Great! Now for the open letter portion of this post.

Dear Elon Musk, please stop.

I dont want to hear about overestimates or counter-arguments or whether we should panic. As the Governor of Michigan recently explained to President Trump (saying she doesnt have time for every slight and just needs help), its not the best time for rhetoric. What we really need is for smart entrepreneurs to figure out solutions and to focus on resolving problems. I want more tweets about that.

Im not sure what the retweets were designed to accomplish, to be honest. Maybe its to calm people down and help us all to think logically. I dont care. I want to read about solutions. There are enough good sources for information about the pandemic, including the CDC website. In fact, there are thousands and thousands of links and millions of tweets. Adding more links doesnt help. One quick check of the BuzzSumo site that shows trending stories and you can see that everyone has an opinion and there are hundreds of news articles.

You have almost 33 million followers.

When you say anything, people jump into action. Instead of a series of retweets about how things are not so bad, how about a series of tweets about how people can get involved, how they can help and how you can be part of the solution.

Were running out of time.

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Dear Elon Musk: Stop Tweeting About Coronavirus And Focus On Solutions - Forbes

Elon Musk’s SpaceX bans Zoom over security and privacy concerns – Business Insider – Business Insider

There's no room for Zoom at SpaceX, it would seem.

Elon Musk's aerospace manufacturing firm has barred its staff from using Zoom over security concerns and is said to have disabled all company access to the videoconferencing service, effective immediately.

People familiar with the matter told Reuters that SpaceX staff members had been told to use email, text, or phone calls instead.

In a whirlwind 48-hour period this week, reports surfaced that Zoom didn't use end-to-end encryption for its video meetings and had leaked thousands of users' email addresses to strangers.

It's also been suggested that attackers could use the Zoom Windows client to steal network credentials.

The security concerns have emerged in spite or perhaps because of a huge surge in Zoom use around the world. Amid a coronavirus-induced increase in remote working, Zoom is thought to have gained more users so far this year than it did in all of 2019.

In a statement on its website published Wednesday, Zoom's founder, Eric Yuan, said the firm was "looking into each and every one" of the security concerns raised and "addressing them as expeditiously as we can."

"We did not design the product with the foresight that, in a matter of weeks, every person in the world would suddenly be working, studying, and socializing from home," he added.

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Elon Musk's SpaceX bans Zoom over security and privacy concerns - Business Insider - Business Insider

Elon Musk | SpaceX

Elon Musk leads Space Exploration Technologies (SpaceX), where he oversees the development and manufacturing of advanced rockets and spacecraft for missions to and beyond Earth orbit.

Founded in 2002, SpaceXs mission is to enable humans to become a spacefaring civilization and a multi-planet species by building a self-sustaining city on Mars. In 2008, SpaceXs Falcon 1 became the first privately developed liquid-fuel launch vehicle to orbit the Earth. Following that milestone, NASA awarded SpaceX with contracts to carry cargo and crew to the International Space Station (ISS). A global leader in commercial launch services, SpaceX is the first commercial provider to launch and recover a spacecraft from orbit, attach a commercial spacecraft to the ISS and successfully land an orbital-class rocket booster. By pioneering the development of fully and rapidly reusable rockets and spacecraft, SpaceX is dramatically reducing the cost of access to space, the first step in making life on Mars a reality in our lifetime.

Elon also leads Tesla, which makes electric cars, giant batteries and solar products.Previously, Elon co-founded and sold PayPal, the world's leading Internet payment system, and Zip2, one of the first internet maps and directions services, which helped bring major publishers, including the New York Times and Hearst, online.

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Elon Musk | SpaceX

Elon Musks Starlink satellites light up skies over the UK – Telegraph.co.uk

Stargazers in the UK have reported seeing trains of bright lights shooting across the sky in recent days, as Elon Musk's Starlink satellite network grows.

One Britonsaid he had seen as many as 60 of the satellites shooting over the UK yesterday evening. "It's getting like Star Wars up there," he wrote on Twitter.

Another commented that there were "weird and mysterious UFO-like lights spotted in the Somerset sky".

Similar sightingsare likely in the days and weeks ahead, experts claim. You can see the best time to spot a satellite passing here.

Mr Musk's SpaceX business has been launching the satellites in batches of 60 since last May, with a total of 300 having been fired into the sky so far. However, the numbers are expected to ramp up rapidly.

The company has US approval to launch12,000 satellites, and is hoping to do so by the mid-2020s. Last year, it filed paperwork to launch an extra30,000 Starlink satellites.

The plan is ultimately to create an orbiting network which can provide global internet coverage.

It is an expensive process, and sightings of the Starlink satellites in the UK comes just days after rival satellite company OneWeb filed for bankruptcy and laid off most of its staff.

It said talks for a new funding round with its bigger backer SoftBank had broken down"because of the financial impact and market turbulence related to the spread of Covid-19".

OneWeb had launched around 70 satellites into orbit and had been planning to grow its network to around 640, but experts had suggested this would take a lot more cash to implement than the 2.6bn OneWeb had already raised.

BossAdrian Steckel had said it was a "difficult day for us at OneWeb".

"So many people have dedicated so much energy, effort, and passion to this company and our mission.

"Our hope is that this process will allow us to carve a path forward that leads to the completion of our mission, building on the years of effort and the billions of invested capital."

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Elon Musks Starlink satellites light up skies over the UK - Telegraph.co.uk

Being Indistractable is a Modern Superpower. Elon Musk Has It (Thanks to How He Schedules His Days) – Inc.

"If you could have any superpower, what would it be?" Eyalasks his daughter. But before she can answer, Eyal's phone buzzes and an email distracts him from the conversation.

"I wish I could tell you what she said in that moment, but I can't. While she was telling me her dream superpower, I was busy staring at my phone," Eyal recalls. "By the time I looked up, she had left the room. I'd blown a perfect daddy-daughter moment because I was distracted." At that moment he decided on his dream superpower. Forget flying or X-ray vision, Eyal wantedto be indistractable. Eyalwrote a whole book to figure out how to get there.Here are some insights from the book that can help you get there, too.

It's called timeboxing, or a zero-based calendar,and it boils down to scheduling literally every minute of your day, even periods you devote to daydreaming or eating breakfast.

That might sound like a level of organization only required of billionaire moguls, but Eyal offers a version of the technique that anyone can use. Startup RescueTime has a helpful in-depth explainer. Here are the basics:

Reflect on your priorities. Why are you doing this? Knowing what yourgoals arewill help you decide what to schedule and how you'll put it intoyour day.

Start with your routine. Most basic tasks--meals, exercise, spending time with loved ones--follow a daily rhythm. Start filling in your calendar with those activities, such as "Eat breakfast and get ready" every day from 6 to 7 a.m.

Schedule your most focused tasks. Now that you have a basic framework for your day, schedule in the most complex and meaningful tasks that demand unbroken blocks of concentration.

Block out "reactive" time.Deep work isimportant, butthat's not your entire day. You need time toreactto stuff and putout fires, so block out reactive timeeach day.

Add a daily to-do list. What's left? All the little minutiae of day-to-day life. "Write out your tasks for the day and fit them into the appropriate slots,"instructs RescueTime.

Is this time consuming? Sure, timeboxing demands real effort. But Eyal suggestsif you want to tame your distractions and control how you spend your time (and your life), you should take the time to schedule every minute.

Published on: Apr 1, 2020

The opinions expressed here by Inc.com columnists are their own, not those of Inc.com.

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Being Indistractable is a Modern Superpower. Elon Musk Has It (Thanks to How He Schedules His Days) - Inc.

TomorrowWorld Returns As New Space-Bound Festival In Partnership With Elon Musk – Your EDM

Though the fate of Tomorrowland in July is still uncertain, fans will be pleased to know that the epic TomorrowWorld is making its official return this year, and organizers have some huge plans in store. According to a press release from the festival, it will now invariably ring true to its name as it moves tospace.

The problem we faced with the last TomorrowWorld was the inclement and unpredictable weather, festival organizers said. So we thought, why not take weather out of the equation?

In order to bring the idea to fruition, the festival had to find a partner who was well-versed in large gatherings, space, and logistics no small feat. Thankfully, Elon Musk turned out to be the consummate individual for the job.

Once we brought the idea to Elon, we could immediately see the wheels start turning in his head. He offered a bunch of ideas, but nothing that would quite match with the vision we had in mind. Thankfully, SpaceX has been developing a floating fortress secretly ever since Elon saw Captain America: Winter Soldier and theyve graciously agreed to not only unveil it for the first time for the return of TomorrowWorld this year, but also give us use of its facilities for the whole weekend!

Attendees will travel to Nellis Air Force Base in Nevada where theywill board sub-space shuttles to take them to the fortress where they will walk through military-grade sanitizing rooms to avoid any contamination. The ship sports nearly 50,000 individual crew bays where ticket holders will be able to bunk by themselves, along with 20,000 doubles and 10,000 triples, for a maximum of 120,000 attendees for this one-of-a-kind event.

Artists will apparently be shuttled in by day and will leave all together after the night is done to alleviate any overcrowding on the fortress.

Of the partnership, Elon Musk says, Im honored to be debuting our Air Fortress for the first time with TomorrowWorld, a company that shares many of the values that I prioritize in my own companies. We will work night and day to make sure everything is ready by the time all 120,000 people are ready to board and party until they drop well, not off the fortress, that would be bad.

Disclaimer: Happy April Fools. We know right now that everyone is hurting, and #NoAprilFools is even trending, but we felt that to not bring levity and laughter to an otherwise very grim period in our lives wouldnt be in line with how we do things. Though we aim to briefly deceive, our aim is not to anger or inflame any pre-existing issues, but to flip the script and examine a world where the inconceivable thrives. We hope you and yours are staying healthy during these trying times.

Photo via Rukes.com

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TomorrowWorld Returns As New Space-Bound Festival In Partnership With Elon Musk - Your EDM

Johnny Depps Shocking Cheating Allegations Against Amber Heard, Elon Musk Denied By Representative – International Business Times

KEY POINTS

Johnny Depp accused Amber Heard of having an affair with Elon Musk while she was still married to the Pirates of the Caribbean star.

In the lawsuit obtained by People, Depp alleged that Heard received late-night visits from Musk while he was out of the country filming. The actor also said that Musk was allowed entry into his and Heards home on the same night that the Aquaman star stepped out in public with her battered face.

However, a representative for Musk denied Depps claims. He said that Heard and Musk did not start seeing each other until May 2016. This was the month that Heard and Depp separated. Musks representative also said that Heard and Musks relationship didnt become romantic until a few months later.

This frivolous action is just the latest of Johnny Depps repeated efforts to silence Amber Heard. She will not be silenced. Mr. Depps actions prove he is unable to accept the truth of his ongoing abusive behavior. But while he appears hell-bent on achieving self-destruction, we will prevail in defeating this groundless lawsuit and ending the continued vile harassment of my client by Mr. Depp and his legal team. Heards attorney, Eric M. George told the publication.

Meanwhile, Depps $50 million defamation case against Heard will head to trial after the coronavirus pandemic. The former couple was scheduled to face each other in court last week but Depp had the meeting adjourned due to the global health pandemic.

However, Heards team was not convinced that this is the real reason why Depp had the trial canceled. They said that Depp refused to face his ex-wife in court because hes afraid that the truth will finally come out.

Todays decision leaves it to a jury to decide the meaning of Ms. Heards op-ed and the truth of what she said. As we have said, the courts have strong mechanisms in place for determining the truth. Here, we remain confident that Ms. Heard will prevail at trial when the jury is presented with evidence on the question that the Court identified namely, whether Ms. Heard was abused by Mr. Depp, they told Deadline.

Amber Heard and Johnny Depp attend The Art of Elysium HEAVEN Gala in Culver City, California, Jan. 9, 2016. Photo: Getty Images

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Johnny Depps Shocking Cheating Allegations Against Amber Heard, Elon Musk Denied By Representative - International Business Times

Elon Musk – forbes.com

Stats

Age48

Source of WealthTesla Motors, SpaceX, Self Made

ResidenceLos Angeles, California

CitizenshipUnited States

Marital StatusDivorced

Children5

EducationBachelor of Arts/Science, University of Pennsylvania

Musk was accepted to a graduate program at Stanford, but deferred attendance to launch his first business, software company Zip2.

As a kid Musk taught himself to code; he sold his first game, Blastar, for about $500.

$12B

Billionaires March 2015

$13.3B

Forbes 400 September 2015

$10.7B

Billionaires March 2016

$11.6B

Forbes 400 October 2016

$13.9B

Billionaires March 2017

$20.8B

Forbes 400 October 2017

$19.9B

Billionaires March 2018

$19.6B

Forbes 400 October 2018

$22.3B

Billionaires March 2019

$19.9B

Forbes 400 October 2019

I operate on the physics approach to analysis. You boil things down to the first principles or fundamental truths in a particular area and then you reason up from there.

24,532 views|

Mar 14, 2020

Elon Musk tweeted that coronavirus panic was dumb last Friday. Since then, the value of his Tesla stock has tanked by $5.5 billion.

24,920 views|

Mar 13, 2020

Since then, concerns over the disease have spread exponentially.

3,240 views|

Mar 10, 2020

Concerns about the economic impact of the coronavirus may be causing many CEOs to hold off on new multibillion-dollar capital investment projects. Not Elon Musk.

6,463 views|

Mar 10, 2020

The breathless surge in Tesla shares raised expectations Musk would soon hit the first tranche of a jaw-dropping pay package worth at least $55 billion over a decade

5,945 views|

Mar 9, 2020

SpaceXs Starlink constellation will not cause any problems for astronomy, the companys CEO and founder Elon Musk said today, Monday, March 9, despite many astronomers already being affected by the rapidly growing constellation.

45,361 views|

Mar 9, 2020

Case in point: The latest tweet from Elon Musk about the coronavirus now has almost two million likes on Twitter, and its gaining more retweets, replies, and likes by the hour.

95,027 views|

Mar 4, 2020

How about REVERSE smart summon?

1,115 views|

Mar 4, 2020

Your cell phone call is dropped, no problem. Your AV loses all communication, is this a problem ?

35,335 views|

Mar 4, 2020

Elon Musk, who's still running his victory lap after his electric car company Tesla proved its detractors wrong, has once again gone out to bat for his "fav" bitcoin alternativesending its price sharply higher...

8,217 views|

Mar 2, 2020

A billionaire investor may want Jack Dorsey out from Twitter. But some of Dorsey's employeesand another high-profile tech billionairedon't seem to share that sentiment.

8,246 views|

Mar 2, 2020

It was bold but wrong for the Tesla and SpaceX CEO to proclaim the end of manned fighter aircraft in front of U.S. Air Force officers. Here's why manned fighters will hold the competitive edge over drones and remote-piloted aircraft for decades into the future.

24,793 views|

Feb 29, 2020

Tesla's CEO tells a roomful of 'fighter mafia' that their days are numbered. In many respects he's right, but here's why it may take a lot longer than he predicted before drones displace manned fighter aircraft.

19,518 views|

Feb 21, 2020

Tesla raised $2.3 billion from a secondary stock offering it announced a week ago. In the same time frame, Musks net worth surged by an even higher figure.

11,804 views|

Feb 18, 2020

We live in the crazy world of social media where famous billionaires take swipes at one another.

29,943 views|

Feb 14, 2020

The handbook is like its founderno-nonsense, direct and to the point.

4,919 views|

Feb 13, 2020

The new offering is a surprise as Musk recently said the company didn't need to raise funds.

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Elon Musk - forbes.com

Elon Musk tells SpaceX workers: ‘Driving is deadlier than coronavirus’ – ZDNet

Outspoken entrepreneur Elon Musk has sent a memo to SpaceX employees informing them that they're more likely to be killed in a car crash than dying from COVID-19.

Exactly what point Musk was making in his email on Friday to SpaceX workers isn't clear, but he appears to have wanted to allay panic by pointing out the relative risks of driving versus being infected by the novel coronavirus, which causes COVID-19.

SpaceX is gearing up for its first launch with NASA astronauts onboard in May, but that, like so many other events in all industries, could be disrupted by COVID-19.

The World Health Organization says there are currently 164,837 confirmed cases and 6,470 deaths due to COVID-19. Ina March 12 updateit warned that a surge in "critically ill patients requiring mechanical ventilation has strained some health systems and exhausted biomedical supplies and staff".

Musk's email, seen by BuzzFeed News, tells workers that all the evidence he had seen about COVID-19 "suggests that this is *not* within the top 100 health risks in the United States". In the US, there have been 1,678 confirmed cases.

"As a basis for comparison, the risk of death from C19 is *vastly* less than the risk of death from driving your car home," Musk wrote to SpaceX employees. "There are about 36,000 automotive deaths per [year], as compared to 36 so far this year for C19."

The message is consistent with a tweet Musk posted on March 6 that "the coronavirus panic is dumb" a week before Donald Trump announced a ban on travel to the US from the EU that has since been extended to the UK and Ireland.

Of course, health officials across the globe have highlighted that the point of measures like self-isolation are aimed at preventing the spread of the novel coronavirus to vulnerable people, including the elderly and those with medical conditions, who have a much higher chance of dying than the young and healthy.

Per CNBC, Musk has reportedly told employees that if they're feeling ill "it's always better to stay home and take care of yourself".

However, unlike others in the $400bn space industry, SpaceX appears to be proceeding with business as usual. NASA, Boeing, Lockheed Martin, and Amazon CEO Jeff Bezos' Blue Origin have put restrictions on business travel and implemented remote-working arrangements.

NASA last week saidon March 8 it had confirmed that an employee at its Ames Research Center in Silicon Valley had tested positive for COVID-19. Another worker at Marshall Space Flight Center in Alabama has also tested positive for COVID-19. NASA has since implemented 'Stage 3' mandatory telework status at Marshall.

On Saturday, NASA said all NASA centers had moved to Stage 2, which means "telework is strongly encouraged for employees who can work remotely".

"I've directed employees to take home their laptop computer, power cord, NASA badge, and any other equipment needed to work effectively from an alternate location, as well as essential personal items they may need," said NASA administrator Jim Bridenstine.

"The workforce is asked to stay in regular contact with supervisors. Travel that is not mission-essential, as defined in the response framework, will be limited agencywide."

The US Center for Disease Control and Prevention (CDC) on Sunday issued new guidance that all events with more than 50 people should be cancelled or postponed for eight weeks.

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Elon Musk tells SpaceX workers: 'Driving is deadlier than coronavirus' - ZDNet

Elon Musk on planning for Mars: ‘The city has to survive if the resupply ships stop coming from Earth’ – CNBC

It will take 1,000 spaceships and "a million tons" of vitamin C to make life on Mars sustainable, says SpaceX CEO Elon Musk. Otherwise "you're going to die slowly and painfully."

That's because in order to live on Mars, "we need to have a self-sustaining city" there, Musk recently told Ars Technica.

A city on Mars "has to survive if the resupply ships stop coming from Earth for any reason whatsoever," Musk told Ars Technica. "Doesn't matter why. If those resupply ships stop coming, does the city die out or not?"

And "in order to make something self-sustaining, you can't be missing anything. You must have all the ingredients.It can't be like, well this thing is self-sustaining except for this one little thing that we don't have. It can't be."

Musk likened it to a long sea voyage: "That'd be like saying, 'Well ... we had everything except vitamin C.' OK, great. Now you're going to get scurvy and dieand painfully, by the way. It's going to suck. You're going to die slowly and painfully for lack of vitamin C. So we've got to make sure we've got the vitamin C there on Mars," he said.

"Then it's like, OK, rough order of magnitude, what kind of tonnage do you need to make it self-sustaining? It's probably not less than a million tons," he added. (The average adult needs between 75 and 90 milligrams of vitamin C each day, according to the U.S. Department of Health and Human Services. Assuming a 90 milligram dose, a million tons of vitamin Cwould be more than 10 trillion doses.)

Musk tweeted in January that the goal of his Starship transportation system to Mars will be to launch each of SpaceX's reusable Starship rockets about three times per day, on average, while carrying a 100-ton payload on each flight. with roughly 1,000 flights per year carrying more than 100 tons of cargo on each flight. At that rate, Musk theorizes, each Starship rocket would make roughly 1,000 flights per year, launching a total of 100,000 tons of cargo into orbit.

"So, every 10 ships yield 1 megaton per year to orbit," Muskalso tweetedin January.

And 1,000 Starships could send "maybe around 100k people per Earth-Mars orbital sync," Musk added on Twitter, referring to the period, every 26 months, when Earth's and Mars' orbits are best aligned for an interplanetary journey. "That's the goal."

(Currently, Musk has SpaceX engineers working day and night building his Starship system, according to Ars Technica.)

Musk has thought about how other things would work on Mars too.

For instance, there will be "a lot of jobs" on Mars, he tweeted in January.

And on the "Third Row Tesla" podcast, also in January, Musk said there will be a "direct democracy" on Mars so that the inhabitants will make decisions for themselves.Musk alsobelieves there should befewer and less complicatedlaws on Mars than there are on Earth.

As for the city itself, it will have "an outdoorsy, fun atmosphere," Musk told Popular Mechanicsin February 2019. So "you'd probably want to have some faceted glass dome, with a park, so you can walk around without a [space] suit."

Food would be grown on solar-powered hydroponic farms, located either underground or in an enclosed structure, he said.

Musk plans to send a SpaceXrocket to Mars, with cargo only, by 2022, according to the SpaceX website. A second mission, which would take more cargo and crew, is targeted for 2024. Musk has also said he'll send a million people to Mars by 2050.

"I'll probably be long dead before Mars becomes self-sustaining," Musk told Ars Technica. "But I'd like to at least be around to see a bunch of ships land on Mars."

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Elon Musk on planning for Mars: 'The city has to survive if the resupply ships stop coming from Earth' - CNBC

Elon Musks Drive To $55 Billion Tesla Payday Slowed By COVID-19 Stock Slide – Forbes

Elon Musk at the 2020 Satellite Conference and Exhibition March 9 in Washington, DC.

The breathless surge in Tesla shares that gained steam through February raised expectations that CEO Elon Musk would soon hit the first tranche of a jaw-dropping pay package worth at least $55 billion over a decade for hitting performance targets set by Teslas board. He could qualify for a payout of $435 million as early as late April, though the timing is increasingly clouded as Tesla shares plunge amid coronavirus concerns.

Musks long-term compensation package, approved in March 2018, set a series of specific market cap, revenue and adjusted profit targets to be attained over a decade. To receive the maximum payout, Teslas market cap must hit $650 billion, more than six times the current level; annual revenue from Teslas electric vehicles, batteries and solar panels has to be $175 billion, with adjusted earnings of $14 billion. Forbes estimates Musks net worth is $34.6 billion as of March 10.

Payouts to Musk come in the form of a dozen individual awards of about 1.69 million Tesla shares, assuming hes met one of 12 market cap goals, along with revenue and adjusted profit targets. If he falls short in a particular period, he gets nothing. Hes well on his way to fulfilling the first set as Teslas revenue of $24.6 billion in 2019 and annual adjusted pre-tax earnings of at least $1.5 billion represented two operational milestones, the company said in its annual report filed on Feb. 13. At that time, no market capitalization milestones have been achieved.

But Teslas surge that pushed its market cap to $100 billion for the first time on Jan. 22 kept going for more than 30 days. Retaining that level for both 30 days and six-months is looking harder to predict. Currently, Teslas six-month trailing valuation is $80 billion, from Sept. 11 through March 10.

Tesla

U.S. markets were hit particularly hard on March 9, with the Dow Jones Industrial Average down 7.8%, the S&P 500 off 7.6% and the Nasdaq Composite falling 7.3%. Tesla rebounded a bit on Tuesday, up about 6% to $645.33.

Since closing at a record $917.42 on Feb. 19, which inflated Teslas market cap to $168.8 billion, the stock has plunged 31% through March 10, cutting its valuation to $119 billion. If the current level holds for another six weeks, Musk could see his first payout by the end of April. The 1.69 million shares in the first award have an exercise price of $350.02 each, so if Tesla shares were still at the $608 level of March 9, the awards net value for him would be about $435 million.

A review of Musks package by The New York Times in January 2018 called it the boldest pay plan in corporate history. Not to be outdone, Musk himself told the paper: I actually see the potential for Tesla to become a trillion-dollar company within a 10-year period.

In February, as the stock was surging, one estimate calculated the six-month market cap target could come as early as April 17, assuming the shares didnt fall below a Feb. 11 closing price of $774.38. Currently, in a best-case scenario in which the stock stays at or above its current price of $608 a share, Forbes estimates the six-month average could still be met by as early as April 22. But with ongoing market turbulence as companies and investors try to get a grasp of the scope of economic damage from the COVID-19 outbreak, the odds of that happening are getting tougher.

Musk hasnt commented directly on either his pay package or stock drop recently, though he lashed out at coronavirus panic late last week, telling his 32 million Twitter followers on March 6 the coronavirus panic is dumb.

That drew a rebuke from former options trader and risk analyst Nassim Nicholas Taleb, best known for his book The Black Swan:The Impact of the Highly Improbable, who told Musk on Twitter saying the coronavirus panic is dumb is dumb.

Aside from his potential disappointment of a delayed stock payout, the often sleep-deprived Musk may have even more on his mind these days than the usual challenges of running both Tesla and SpaceX. His romantic partner, Canadian singer Grimes, told Rolling Stone in an interview this month that shes pregnant with Musks sixth child.

Regardless, he was more sanguine about stock exchange turbulence on March 9, tweeting market was bit high anyway, so due for a correction.

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Elon Musks Drive To $55 Billion Tesla Payday Slowed By COVID-19 Stock Slide - Forbes

Twitters Most-Liked Tweet Of The Week: Elon Musk Calls Coronavirus Panic Dumb – Forbes

Tesla chief Elon Musk called coronavirus a "pandemic" on Twitter five days before the World Health ... [+] Organization officially designated it as one.

Topline: Tesla CEO Elon Musk received the most likes and retweets during the past 7 days on Twitter, according to data compiled by the social media tracking firm NewsWhip, for his dismissive March 6 Tweet claiming the coronavirus panic is dumb, before the virus had upended industry and American life, showing just how much can change in seven days.

Big number: 15%. Thats how much Teslas stock price has dropped during this weeks massive sell-offs.

Key background: Over the last few months, coronavirusofficially named COVID-19has spread quickly from Wuhan, China to the rest of the world, with Italy, Iran and South Korea dealing with the most severe outbreaks outside of China. In the U.S., state and local governments have begun limiting large gatherings of people to fight disease transmission. According to the New York Times, more than 135,000 cases have been confirmed worldwide and nearly 5,000 have died as of Friday. Critics have slammed the Trump administrations response to the outbreak, accusing Trump of downplaying the threat of the virus, and flubbing his national address on the crisis, while the administration has faced heat for creating botched test kits and then being too slow in making working kits available.

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Twitters Most-Liked Tweet Of The Week: Elon Musk Calls Coronavirus Panic Dumb - Forbes

With 5 Words, Elon Musk Just Told Us What He Really Thinks About the Future of Innovation – Inc.

Elon Musk has never been particularly shy about, well, anything. He'sknown for sharing his thoughts about competitors, critics, and the products his companies produce. Sometimes, you might argue, he shares more than he should. However, it's usually worth paying attention to what he has to say.

On Monday, Musk was onstage at the Satellite 2020 conferenceand shared his thoughts about the future of innovation. Specifically, Musk said he believes "technology does not automatically improve."

Sure, that doesn't sound overly profound, until you start to unpack it and realize that most of us do assume that the next versionof something will automatically be better than the previous. As Musk points out, however, that's not necessarily the case. In fact, often it'sthe opposite.New is not always the same as better.

As an example,Musk had a few choice words for Apple, especially when it comes to the iPhone:

I'm an iPhone user, but I think some of the recent software updates have like been not great, certainly feeding into that point. It, like, broke my email system ...which is quite fundamental.

That's a fair assessment.

Musk is likely referring to the release of iOS 13, which was widely criticized as a result of a number of bugs and flaws. In fact, the Department of Defense even encouraged people not to upgrade their devices because of the problems. One of the worst problems related to the Mail app, where the list of messages would show "No Sender" instead of whoever actually sent you the message.

Apple didn't become one of themost valuable companiesin the world by making poorly designed products. On the contrary, it has long beenknown for its product design and the relationship between device and software. Still, even the big guys get it wrong on occasion.

That's because sometimes, in our effort to innovate, we break things--including things that people depend on.The changes you make--even in the name of innovation--have a real impact on your customers'lives.

Obviously, technology improves as a result of the innovation and work done by the people who design and build it. It doesn't just happen on its own. That's an important lesson for every entrepreneur.

The future of technology depends on the people who build it, and their acknowledgment that innovation doesn't just happen. It requires discipline and a commitment to the overall user experience. That doesn't mean that every innovation will be a home run,but your job is to build something that adds value for your customers.

And, by the way, Musk is right: Breaking email doesn't add value to anything.

Published on: Mar 11, 2020

The opinions expressed here by Inc.com columnists are their own, not those of Inc.com.

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With 5 Words, Elon Musk Just Told Us What He Really Thinks About the Future of Innovation - Inc.

Elon Musk Talks Starlink, 5G, Education and More at SATELLITE 2020 – Aviation Today

On the hot topic of Starlink, Musk shut down the idea that SpaceX is considering splitting it off for a potential IPO.

We are thinking about that zero, Musk said. He emphasized the key focus with Starlink is on making it work, as he namechecked the failed LEO operations in the late 1990s such as Teledesic, ICO, and Iridium (the first inclination). We need to set the stage of LEO constellations. Guess how many LEO constellations didnt go bankrupt zero, Musk said. Iridium is doing OK now, Teledesic and others went bankrupt. We are focusing on making it not go bankrupt.

The SpaceX founder believes the world had an insatiable appetite for bandwidth, and he said he doesnt think Starlink would destroy the business plans of other satellites.

Also, in terms of Starlink, Musk said he did not see it as some super threat to telcos.

It will serve the hardest to serve customers. 5G is great for high density situations, but it is not great for the countryside. So, any kind of sparse environment, 5G is not well suited. Starlink will serve the 3% to 4% hardest to reach customers for telcos. So, I think it will be actually helpful and take a significant load off the traditional telcos. We wont have a lot of customers in [Los Angeles], for example, he said. We are targeting latency of below 20 milliseconds. Bandwidth is a very complex question. Somebody will be able to do all the things they want to do without noticing anything. The ground equipment looks like a UFO on a stick. It will have actuators on it, so it can improve the pointing accuracy. You dont need a specialist to install it. Point at sky and then plug in.

With Starlink looking to launch lots of satellites, there have been concerns raised from astronomers regarding Musk said, I am confident will not cause any impact in whatsoever in terms of astronomic discoveries. We will take corrective action if it is above zero. When the satellites are first launched, they are tumbling a little bit, and havent stabilized. Now, they are on orbit, I would be impressed if someone could tell me where all of them are. It cant be that big of a deal.

SpaceX launched its fifth batch of Starlink satellites on a Falcon 9 on Sunday, but did not complete the booster landing, which would have been its 50th successful landing. Photo: SpaceX

When Musk reflected on his career, he said if he could go back, he would make a far fewer mistakes. Hindsight is 20/20. I have made so many foolish mistakes, I have lost count. Simple mantra, management by rhyming. If the schedule is long, the design is wrong. The acid test is how long will it take for this to fly. If it takes too long, dont do it.You need to simplify your product as much as possible. How does a smart engineer make a dumb mistake? You optimize something that does not exist. A lot of times you should say this is the wrong question. Your goal is to make your design less wrong over time, Musk said.

As to the value of a college education, Musk said You dont need college to learn stuff. You can learn anything you want for free. There is a value that colleges that have, can someone work hard at something, and annoying homework assignments and get it done. That is the main value of college. I think colleges are not for learning, they are for fun and doing your chores. I dont consider going to college as evidence of exceptional ability. Steve Jobs, Bill Gates, Larry Ellison, they all dropped out.

While Musks words may not have been music to the ears of colleges across the United States, one of the other main themes of his fireside chat was talking about Starship, as human spaceflight draws ever closer. However, while progress on this front is likely imminent, Musk talked about an accelerated rate of progress needed if we are to have resettlement on Mars. He said, I hope I am not dead when resettling on Mars happens. But, if dont improve our rate of progress, I will be dead. It has taken 18 years to get the first people ready. We have to improve our pace of innovation a lot. I dont want to be dead [to see this happen.] It is great that we are about to launch people to orbit. It has been a long time 18 years. But, we havent done it yet. Unless we improve our rate of innovation dramatically, we wont be able to have a base on the moon or a city on Mars.

In terms of some of the significant challenges facing Starship, Musk said SpaceX has a big focus on Starship in terms of new technology development. We need a whole new architecture, and that is what Starship is about. It needs to be completely re-usable. It needs to be re-launched an hour after landing. It is like commercial aircraft. The only thing you expect to change on a regular basis is propellant. It has got to be fast. We are building a production line. Designing rockets is not that hard. The hard part is building a production line, and that is 1000 percent harder, maybe more. Production and manufacturing is something I see as very under-appreciated in the U.S.

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Elon Musk Talks Starlink, 5G, Education and More at SATELLITE 2020 - Aviation Today

Grimes Reveals Elon Musk Is Indeed the Father of Her Baby – Showbiz Cheat Sheet

It seems one of the most unlikely relationships in the celebrity world may have turned into a blissful love story. When Grimes and Elon Musk first met, nobody would have thought theyd gel considering the formers stance on how she felt about billionaires and political power in general. Then again, since everyone knows opposites usually attract, maybe it wasnt so unusual.

One thing Grimes has said, though, is Musk is more in tune with her beliefs than people think. Apparently this is the reasoning behind her agreeing to get pregnant with him in recent months.

Yes, its now confirmed Musk is indeed the father of Grimes yet-to-be-born and future genderless baby, something creating plenty of online chatter. With Musk already a controversial international figure and Grimes an equal one in music, one might wonder what this child will experience later in life.

In a recent interview with Paper Magazine, Grimes (aka Claire Boucher) said she and Musk are more politically simpatico than some might think. Part of this comes in the extensive work he does in helping the environment and progressing technology/science.

There is a good argument to be made there, despite his billionaire status and penchant for supporting politicians from the Republican party. Grimes says Musk kind of changed her outlook on the good billionaires can do when they have the right purpose in life. It is true Musk has done some good, if also arguably wasting money on things people dont needlike his controversial Tesla Cybertruck.

Living with Musk probably isnt easy either when hes working long days to keep his Tesla company operating at full capacity. Add to that Grimes own full schedule touring around the world and it doesnt seem like a love story headed to a perfect conclusion.

Having children can change everything, though. Once Grimes gives birth to their child this fall, its going to be interesting to see if both will truly settle down for a while.

Those familiar with Grimes songs will know she wrote one called So Heavy I Fell Through the Earth, supposedly mirroring the tragedy of getting pregnant. To her, the whole process is like a violation of the womans body, including sacrificing ones power in capitulation to a man. Clearly, her beliefs in wanting to stay independent of that have changed, particularly due to her admitted love for Musk.

Some might think its an ill-fated situation since Grimes admitted to Page Six she worries how being pregnant will affect her life. Since she says she enjoys working in the night, being pregnant wont be easy on her body. Plus, she also has anxiety about whether her child will inherit her once-wild ways as a teen.

Some billionaires with world influence arent the types to settle down with kids. There isnt any track record of that happening well, or at least without serious breakups later. Then again, Musk does have kids from a prior marriage and claims to be a good dad.

If its true Grimes tamed her wild streak, it seems hard to believe shell be able to tame herself completely either. Everything seems to say these two dynamic notables livingtogether might lead to disaster down the road. Adding a baby to this equation might be the magic formula for couples who really stay together.

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Grimes Reveals Elon Musk Is Indeed the Father of Her Baby - Showbiz Cheat Sheet

Elon Musk Crypto Giveaway Scams are Still Rampant – The Merkle Hash

Even during this time of crisis and despair for many in the world, the scammers are still hard at work trying to swindle crypto from innocent victims.

If you remember during the crypto boom of 2018, the scammers used to go around twitter using misspelled @elonmusk accounts trying to scam victims into sending them crypto. After the hype died down, most of them crawled back into their caves.

As the world is dealing with the novel coronavirus and COVID-19 the scammers are back at it, exploiting unsuspecting victims. This time they claim Elon Must and Tesla are hosting a crypto giveaway and all you need to do in order to enter is to send them 0.1-10BTC to their address

While most of us crypto OGs wont fall for a scam like that, the average Joe will be easily fooled. Heres an example of such an offer as a reply to one of Donald Trumps tweets:

*backup photo in case tweet gets removed:https://gyazo.com/3d2d2ec879b3ac199025178b8185f635

If you head over to the website bitcoingives.info you will see a medium post supposedly written by Elon Must himself:

If you click the Elon Must profile on the page it will take you to Musks official medium profile, just another tactic to deceive their victims.

Scrolling down you will see links to enter the giveaway. The links are for BTC, ETH, and LTC.

The way the scam works is they ask you to send them roughly $500 worth of BTC, LTC, or ETH in order to enter the fake giveaway.

To trick you even further, if you take a look at the transaction history for each address, you will see a payment of around $500. Heres an example of a $1,600 payment to their ETH address:0x7f0dD36F14f21a10f560caa3d7567f483613BaaF

Dont be fooled! This is just the scammer sending himself money to legitimize his offer.

Before I could even write this article, this domain has been flagged by Google Chrome as a dangerous domain, and will display a warning if you try to access it. We can only hope that these scammers are caught and punished appropriately.

There should be zero tolerance for this kind of behavior during a vulnerable time like this.

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Elon Musk Crypto Giveaway Scams are Still Rampant - The Merkle Hash

Elon Musk lends support to Twitters embattled CEO: he has a good heart – The Verge

Elon Musk lended public support to Twitter CEO Jack Dorsey whos being pressured to step down by an activist investor. Just want to say that I support @Jack as Twitter CEO. He has a good heart, Musk tweeted, using a heart emoji because thats how middle-aged billionaires communicate.

On Friday it was reported that Paul Singer, the billionaire founder of Elliott Management, took a stake in Twitter with the intent of making a number of changes at the micro-blogging platform. Elliott has a more than $1 billion stake in Twitter, according to CNBC, and has nominated four new board members.

Bloomberg reports that Twitter executives met with representatives from Elliott Management for the first time last week. Dorsey was absent, even though he was the main topic of conversation. One change Elliott hopes to make is the removal of Dorsey, whos been accused of being inattentive to Twitters earnings potential as he splits his time as CEO of Square where 85 percent of his wealth resides. The Twitter / Square CEO has also been criticized for moving too slowly, with a preference for talking instead of doing. Dorsey hasnt helped himself by saying hed like to temporarily move to Africa this year.

Dorseys return as CEO of Twitter in July 2015 was met with advice from Elon Musk. I wouldnt recommend running two companies, said the CEO of Tesla and SpaceX. Twitter shares have since fallen 6.2 percent, while Facebooks have gained more than 121 percent, according to Bloomberg.

Musk and Dorsey were last seen bromancing each other at a company meeting in January, where Musk was projected onto a giant screen in front of thousands of Twitter employees. If you were running Twitter, Dorsey asked, what would you do? Musks response was get rid of the bots.

Others want to get rid of the CEO, which just might happen.

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Elon Musk lends support to Twitters embattled CEO: he has a good heart - The Verge

Elon Musk urges US military to prioritize space innovation and industry competition, or risk falling behind – CNBC

Elon Musk, founder of SpaceX, speaks with US Air Force Lieutenant General John Thompson, commander Space and Missile Systems Center commander at Space Pitch Day in San Francisco, California.

US Air Force

ORLANDO, Fla. SpaceX and Tesla CEO Elon Musk urged the Air Force to prioritize innovation and encourage industry competition as the service seeks to create the nation's newest military branch the Space Force.

In a conversation with the top U.S. Air Force officer on space research and acquisition at the Air Warfare Symposium in Orlando last week, Musk said the commercial space industry must try harder to develop reusable rockets. SpaceX is currently the leader in that effort.

"Creating a fully reusable system and having that be in volume production and volume launch that's super, super hard," Musk told Air Force Lt. Gen. John Thompson, adding that designing one-use rockets was "quite easy."

He described Starship, the next-generation rocket SpaceX is developing, as having reusability potential, which would make it the culmination of his vision ofsending people to and from the moon and Mars.

"The vehicle we are working on right now, which is quite difficult, is Starship and that has the potential for full reusability," Musk said Friday, adding that the program was doing well.

An artist's rendering of SpaceX's Starship rocket on the moon.

SpaceX

"But I think it would be great to have other companies as well do full reusability. I think competition is a good thing," he said.

"The Joint Strike Fighter, there should be a competitor ... that's a controversial subject but I don't think it's good to have one provider," Musk said of Pentagon's most expensive weapons system.

He later elaborated on Twitter that the F-35 competitor should be a drone.

"The competitor should be a drone fighter plane that's remote-controlled by a human, but with its maneuvers augmented by autonomy. The F-35 would have no chance against it," he wrote of the Lockheed Martin jet.

Read more: Elon Musk tells a room full of Air Force pilots: 'The fighter jet era has passed'

Throughout his discussion with Thompson, Musk warned that the United States was at risk of falling behind other nations if it did not prioritize innovation.

"This is not something that was a risk in times past but is a risk now," Musk said. "I have zero doubt that if the United States doesn't seek innovation in space it will be second in space."

Musk also predicted that the Chinese economy will eventually surpass the United States' by at least two-fold.

Read more:Elon Musk says Chinese economy will surpass US by 2 or 3 times: 'The foundation of war is economics'

"A thing that will feel pretty strange is that the Chinese economy is probably going to be at least twice as big as the United States' economy, maybe three times," Musk said.

"The foundation of war is economics," Musk said. "If you have half the resources of the counterparty then you better be real innovative. If you're not innovative, you're going to lose."

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Elon Musk urges US military to prioritize space innovation and industry competition, or risk falling behind - CNBC

Elon Musk Just Teased A New Tesla Feature Thats Way More Useful Than Smart Summon – Forbes

Teslas summon feature calls your car from a parking space to pick you up. Its fairly slow and not without challenges, but it can be incredibly helpful for disabled people or those times when you just dont want to get soaked by a rainstorm.

But Elon Musk just hinted at something much more useful coming soon:

Reverse smart summon.

A close-up of a Tesla

Smart summon gets your car from its parking spot. Reverse smart summon drops you off where you want to go, then parks your car for you. Thats potentially extremely helpful and a massive time saver.

Weve all had the scenario: youre going somewhere for lunch, and its busy. You only have limited time, so you need to find a parking spot quickly, get in the restaurant, and get seated. But ... it takes 10 minutes to find a parking spot.

Now, potentially, you can offload that tiresome task onto your car.

Screen shot of Elon Musk's tweet about reverse smart summon.

There are a few caveats to mention, of course.

Currently, smart summon requires that you have line-of-sight of your car, and you need to continually confirm that the car is operating safely by pressing and holding a button in the Tesla app. Releasing that button stops the car. And, even with this limitation, the car isnt always perfectly aware of its circumstances.

Clearly, having to watch your car find its own parking space doesnt save you any time at all ... especially if the car is slower than you.

However, Musk says Teslas cars are getting smarter, faster: its working on a rewrite of its Autopilot software that reportedly involves significantly more AI, which will then help Teslas learn faster and become more capable. As that happens, as autonomous drivings safety record improves and as legislation catches up we likely be able to have our cars drop us off and pick us up.

And that will eventually be much more than just at a restaurant.

Eventually, your Tesla will be able to drive anywhere across the country to meet you, charging itself along the way. It will sync with your calendar to know exactly when to arrive.

But the timetable might be a little longer than we like. Musk does have a history of over-promising when it comes to timelines, so take it with a grain of salt.

That quote above is from Teslas blog in 2016.

Obviously, were not even close to that yet in 2020.

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Elon Musk Just Teased A New Tesla Feature Thats Way More Useful Than Smart Summon - Forbes


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