Apple's Steve Jobs vs. Tesla's Elon Musk
- By Li Huiru
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E-mail China.org.cn, August 29, 2013
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Steve Jobs founded NeXT in 1985 [File photo] |
Both operated many crossover companies
Steve Jobs founded Apple Company. After a power struggle with the board of directors in 1985, Jobs left Apple and founded NeXT. In 1986, he acquired the computer graphics division of Lucasfilm, which was spun off as Pixar. In 1996, Apple bought up NeXT and Jobs returned to Apple as an advisor. The Walt Disney Company bought Pixar in 2006 at a valuation of $7.4 billion, a transaction which made Jobs Disney's largest shareholder.
Elon Musk's first company Zip2 was acquired by Compaq's AltaVista division for US$307 million in cash and US$34 million in stock options in 1999. In October 2002, PayPal was acquired by eBay for US$1.5 billion in stock. Musk founded his third company, Space Exploration Technologies (SpaceX), in June 2002. NASA selected SpaceX to be part of the first program that entrusts private companies to deliver cargo to the International Space Station. Tesla Motors, founded in 2003, is his biggest success.
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Founders of PayPal: Peter Thiel (L) and Elon Musk (R). [File photo] |
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