Catching Up with Elon Musk

Catching Up with Elon Musk

We’ve covered a few Elon Musk stories for you in the past –both about the Hyperloop and also the Tesla fires from a few months ago.  Musk, entrepreneur and co-founder of PayPal and Tesla, is certainly not one to stay out of the headlines for very long and he’s been making quite a few lately so we thought we’d stop in and share what he’s been up to for the past month or so.

His company SpaceX launched a rocket –and a lawsuit:

On April 18th, 2014 SpaceX launched their capsule "Dragon".  It was the first commercial craft to travel safely to and from the International Space Station.  After such a success, Musk plans on winning a NASA contract to have the “Dragon” bring humans back and forth to low Earth orbit. 

Meanwhile, according to Mint Press News:

“Musk is taking on the military-industrial complex, alleging in a lawsuit that the federal government unfairly awarded a $9.5 billion contract for rocket launch services to a joint venture of aerospace giants Boeing and Lockheed Martin. […]

According to the filing, the Air Force must, on average, budget $400 million for a ULA rocket launch while SpaceX could provide the same service for around $100 million.”

He’s building not one, but two Tesla ‘Gigafactory’ sites

Tesla plans to build a ‘Gigafactory’.  What is that you might want to know? A ‘Gigafactory’ is a massive $5 billion lithium-ion battery factory that will be used to manufacture the mass-market third-generation electric car that Tesla plans on unveiling.  They are looking for two sites to build two of these factories that will take up to 1,000 acres each and will include their own on-site wind and solar energy plants.

Musk decided to drop the Model E trademark for his third-generation car and is thus giving up with model S/E/X line-up

We’re not sure now what Tesla plans to call their mass-market third-generation car, but we’re kind of glad that Musk has decided to drop the Model E trademark which would have rounded out models S and X with E.  Reporters, writers, and marketers all over the world are sad to see the potential headlines go. 

His SpaceX Falcon 9 launch is set for Saturday

The Falcon 9 is set to take its second test flight on Saturday May 10th, 2014 between 9:39am and 10:33am from the Cape Canaveral Air Force Station.  The Falcon 9 quadrupled its height from its previous test to rise to 1,000m. Sunday, May 11 is the backup date for the launch. 

Knowing Musk, there’s probably much more to come…

While Musk is certainly not one to sit out of the limelight for very long –we’re always excited to see what he has planned next.  We’ll be interested to see where these Tesla ‘Gigafactories’ end up landing and how the gen-3 car develops.  Any guesses about what’s next on the plate for Musk?

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  • 7 May 2014
  • Author: James Nagy
  • Number of views: 3082
James Nagy

James NagyJames Nagy

Need a consultant today? How can I help? As Co-Founder and Managing Partner of J&S Tech Designs I have nearly three decades of experience and expertise to share with you to help your business, product, or idea thrive. If you like this article, please sign up in the “stay informed” section!

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Full biography

Full biography

James Nagy is managing partner and co-founder of J&S Tech Designs - a business consulting organization that specializes in providing software and website design, development, and management expertise to organizations. He is also Managing Director and one of four co-founders of Sprocket Websites, Inc. and Chief Executive Office and one of four co-founding members of Clinical Collaboration Software, LLC.

James has over twenty-five years of experience in the information technology field, spending twenty years in software development, sixteen years in executive management and the last six years as a serial entrepreneur launching and running several successful technology organizations.

Throughout his career he has led companies, divisions, departments and teams to successful outcomes. He has executed process reengineering within organizations that were struggling to produce. He has provided strategic vision and organization planning in situations that needed direction. He has built complex systems in several unique marketplaces that required thorough knowledge and expertise to be successful. It is his passion for excellence and desire for success that has enabled him to meet the challenges presented and continue to exceed expectations.

James’ passion for delivering innovative solutions and creative strategies enabled him to develop strong business foundations for long-term success. He is an active member of the Conejo Valley Chamber of Commerce, the North of the River Chamber of Commerce and the Naperville Area Chamber of Commerce where he served on several teams, advisory committees, and legislative groups. He is a founding member of the Chicago Area DotNetNuke Users Group that has held several large, successful Website design and development events. James has donated time, money and expertise to many volunteer, fundraising and charitable organizations like KidsMatter of Naperville, The Naperville Film Festival, Summer Place Theatre, TEDxNaperville, Neuqua Valley High School Senior Spectacular and many others.

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