I only just completed Elon Musk’s biography earlier this week so it is fitting that his SpaceX just successfully launched its largest rocket, the Falcon Heavy, on February 7. Elon Musk- How the Billionaire CEO of SpaceX and Tesla is Shaping our Future provides a fascinating glimpse into how significant the accomplishments of one of the world’s most famous billionaire entrepreneurs have been. Besides SpaceX, whose ultimate aim is to transport humans to Mars to sustain a colony, Musk also heads Tesla, the world’s most well-known and successful electric carmaker.
What the book vividly shows is not merely Musk’s success, but how impressive (and near-impossible) it was for it to have happened. With Tesla, Musk put electric cars in the spotlight and in SpaceX, he built a rocket company virtually from scratch, with the help of co-founders, to launch rockets into space and compete with industry giants like Lockheed. In addition, under his direction, SpaceX found a way to make its rockets reusable by controlling their orbit back into Earth after they had launched into space. Previously, rockets were just used once and were useless afterwards. SpaceX runs into many financial and technical challenges and there are precarious moments, but it is extraordinary how Musk drove and willed his vision into coming true. Besides SpaceX being a startup competing against industry giants and rocking an aging space industry, the fact it manufactured much of its own parts and systems (in the US too) rather than outsource them to contractors like the large companies, increased the incredible nature of its success. As if space rockets and electric cars weren’t enough to manage, Musk is also chairman of SolarCity, a solar panel systems company which Musk’s cousins started up.
Besides Tesla and Space X, the book also details Musk’s earliest ventures such as Zip2, an online listings for businesses, and Paypal, where things got a little messy and Musk was ousted as CEO. While Paypal is known today as an online payment processing site, Musk’s vision had actually been to create an online banking institution which would offer products like mutual funds. Of course, this did not happen but at least you can see how Musk from early on in his career had a thing for wanting to disrupt industries. Musk’s upbringing in South Africa, which includes a difficult relationship with his father (who is barred from meeting Musk’s children), and his marriages and divorces (with the same person) are also detailed. Yet all this is just a sideshow to the most fascinating parts in the book which are about Musk’s work with SpaceX and Tesla.
Musk is portrayed as a visionary, obsessed with huge goals like bringing people to Mars or creating a nationwide gas-free infrastructure for electric cars, but also a brilliant engineer and scientist who knew the physics and engineering behind what his companies were doing. He is also a very demanding boss and micro-manager, who could be kind of vicious at times, which make him sound similar to Steve Jobs, though Musk is slightly nicer, according to people in the book. But the real difference is that while Jobs strove for great design and consumer technology, Musk has a much greater vision for the world that seeks to improve the environment, through using electric cars and utilizing solar energy, and make space travel a reality. While the latter might be a bit too much of a reach, it is hard to dispute the significance of his energy and environmental goals on society in general.
In some ways, Musk came off as a real-life version of Tony Stark, the Marvel tech billionaire who fights evil as Iron Man, and Robert Downey Jr, the actor who played Tony Stark, actually visited Musk at his business. I actually had little interest in Elon Musk and his work, not being a particular fan of space technology or electric cars, but reading this biography has made me admire him a lot. I actually carried this book with me on a short trip and because it turned out to be more interesting than I’d thought, I had to ration the pages near the end so that I wouldn’t finish it too quickly.