Despite earning more than $165 million through the sale of Paypal in 2002, Elon Musk is still dreaming big!
The forty one year old who dropped his PhD program at Stanford, is currently one of the world’s most successful entrepreneurs.
He is the founder of a private rocket company Space X, CEO at Tesla and the former co-founder of PayPal. Apart from his growing business empire, Elon Musk dreams of accomplishing a variety of tasks to benefit humankind.
One of his biggest dreams, he says, is to live on Mars.
In this post we break down some of the biggest goals on Elon Musk’s to do list:
He wants SpaceX to colonize mars
At the top of Elon Musk’s to do list is colonizing Mars. He aims to build a permanent self-sustaining city on the planet using SpaceX’s proposed Interplanetary Transport System (ITS). This, he says, will be the most powerful rocket ever built.
He estimates the cost of transporting people to Mars at $10 billion per person but this amount can be lowered to $200,000 and eventually $100,000, making it an economically viable option for millions of people across the globe.
Musk aims to transport about 1 million people to mars using Space X in the next 50-100 years. If everything goes as planned, the ITS will begin its initial flights to Mars by 2024.
Space X has already made history in 2007 for being the first privately funded liquid fuel rocket to put a satellite into the earth’s orbit. SpaceX also successfully returned a used rocket to earth. A key step towards making space travel more affordable.
SpaceX to send manned mission to mars
Before colonizing another planet, SpaceX needs to actually get there first. Musk has therefore laid out a plan for humans to set foot on Mars in the next 10 years. The steps involved in this include:
- Build and launch a spacecraft measuring 400 feet.
- Send a reusable rock to refuel it in mid orbit.
- Refueled the rocket while it is on Mars with Ethane gas and send it back to Earth.
This system is designed to drastically reduce the cost of the trip. He also anticipates building a ‘fleet’ carrying 100 to 200 passengers who intend to start a new life on Mars.
Achieve human Space Flight
Musk says that this plan will mature in 2022, 3 years earlier than what he had estimated. This is a critical task on Elon’s to do list, and a step towards achieving his primary goals of reaching, and the colonizing Mars.
The drive behind Elon’s quest is evident in his belief that while “we can stay on earth forever, and there may come an inevitable extinction.” The alternative to this is to become a multi- planetary species.
Musk wants all US cars to be autonomous by 2027
Also on Elon Muck’s to do list is the goal to make all cars fully autonomous in the next 10 years. This will significantly increase safety on our roads as computers and Artificial Intelligence will be able to better predict and react to hazards.
Telsa already has a number of assisted driving features, but these are currently limited to highway driving and some parting capabilities. By the end of the hear however Musk plans to drive a Tesla in autonomous mode across the entire USA.
Tesla to manufacture 1 million cars by 2020
Musk has talked a lot about boosting Tesla production in future. Currently, the company manufactures less than 100,000 vehicles per annum. He intends to increase his production to 500 000 cars by 2020, with a core drive of this additional demand coming from the recent release of the Model 3.
Telsa has already opened 70 retail locations, and work is nearing completion on the “gigafactory” which will help facilitate production of the battery system.
As always Muck is optimistic that the plan will go through, ‘You will have a hard time telling the differentiating between success and failure”, he says.
Commercial sale of Solar City solar roof and battery systems
Musk’s to do list also includes integrating Solar City into his wider business operations. Solar City was founded by Elon Musk’s cousins and manufactures and installs solar panels. Musk is also the Chairman of the company and sees value in incorporating it into Telsa.
The idea is to not only make electric cars, but also the system that can charge them.
The South African entrepreneur also has plans for Solar City to manufacture solar roofs and battery products. This will see the actual photovoltaic built into roof tiles themselves, removing the need for bulky and unsightly solar panels on rooftops.
Build the world’s largest grid battery in South Australia
Another Tesla Company plan is to build the world’s largest lithium company in South Australia. The 129 MWh battery will be used to store renewable energy and will be paired with a wind farm. It will be the biggest in the world by a factor of 3. It is also bound to improve security of electric supplies. Musk says the project will help stabilize the grid and lower prices for consumers.
Build a Hyperloop to connect New York to Washington DC.
Elon Musk outlined his plan to build a hyperloop in 2013. It wasn’t however until his latest venture, the Boring Tunnel, announced their intention to tunnel between New York that Washington DC that peoples tongues began to wag about this being a possible hyper loop route.
If the project gets off the ground, the hyperloop will transport people between New York and Washington DC within 29 minutes! To achieve this goal Musk is looking to first of all:
- Increase tunneling speed; and
- Drop costs by a factor of 10 or more
This will then allow for the creation of a mass network of tunnels, solving the problem of congestion in the cities.
Interface with healthy brain in 2027
The billionaire also wants to improve human capabilities using brain computer interfacing. He is currently sponsoring a brain computer interface venture, Neuralink. These enhancements can improve memory and have a more direct interfacing with electronic devices. While some may argue this is well and truly in the sphere of “science fiction” today, Musk wants to see it happen!
Musk wants to repair damaged brains
In addition to interfacing with healthy brains, Musk want’s to bring to market an impolite that can help treat severe brain damage. The time for its launch is estimated to be between 8-10 years away. If the implantation goes on well, it will be able to create a symbiotic relationship between humans and computers, opening up a world of possibility.
While Elon Musk’s to do list surely puts most of us to shame, one can’t help but marvel at the sheer volume and depth of his interests. Even to achieve one of these features in a lifetime would be a massive accomplishment. But for Elon Musk he won’t consider it a success unless he can cross all these items off his to do list.