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Change.org Petition Promotes Nobel Prize for Elon Musk
Edward Tanas of Calgary, Canada has begun a Change.org campaign to nominate Elon Musk for a Nobel Prize in Economic Science. The petition has already been signed by 374 supporters.
Following the unveiling of the Tesla Model 3 on March 31, Edward Tanas of Calgary, Canada, began to petition the Swedish Nobel Prize Committee to award Elon Musk with a prize in Economic Science.
There is no question Elon is one of the most gifted and creative thinkers of our time. If you would like to support Tanas’ petition, you may do so at Change.org. Here is the text of the petition.
We, the signed, would like you, the Swedish Nobel Committee, to award Mr. Elon Musk, a Nobel Prize in Economic Sciences. Mr. Musk has spent most of his life helping not only to help the economics of transportation flourish with technological breakthroughs but has done so in a manner that addresses climate change.
His ventures into the production of electric cars. most recently the more affordable Tesla Model 3, which at the time of writing this petition has over 253,000 orders, has helped to reduce the impact on the environment by replacing internal combustion engine vehicles.
Biography
Elon Reeve Musk is an American entrepreneur, inventor and investor. He is best known for his role as CEO of electric car manufacturer Tesla Motors, and as co-founder of online money transfer system PayPal, and of commercial space program SpaceX.
Elon was born in South Africa, where he spent his childhood and adolescence. He was raised primarily by his father, who was an engineer. Elon became interested in computers at a young age and began programming in his teens. After high school, Elon emigrated to Canada, where he attended college, and later transferred to the University of Pennsylvania in the United States.
In 1995, Musk started a PhD in applied physics at Stanford University in California, but quickly dropped out to start his own company. He would go on to sell that company, called Zip2, to Compaq, for more than $300 million in 1999, of which he received $22 million. With that capital, Musk started X.com in 1999. It was an online banking site that later changed its name to PayPal. EBay purchased the company in 2002 for $1.5 billion in stock, of which $165 million went to Musk. That same year, he became an American citizen. (See also: Three Steps Elon Musk Took To Become Successful.)
Flush from the PayPal sale, Musk looked to the heavens, and began SpaceX, a private, for profit space program. After a few false starts, the company began developing its own rockets. The company launched a landmark commercial spacecraft in 2009 and again in 2012.
While planning his assault upon the heavens, Musk took an interest in more terrestrial matters, specifically the way people get across the surface of the earth. After a major investment in 2004, Musk joined the board of Tesla Motors as its chairman. Also contributing as a product architect, he played a role in the designs of the cars Tesla was building. Following the 2008 financial crisis, Musk assumed the mantle of Tesla Motors CEO, a position he still holds today. (For more, see: Is Elon Musk’s Hyperloop Economically Feasible?)
Beyond Tesla and SpaceX, Musk remains involved in a number of futuristic projects. He is connected with a high-speed transportation system called the Hyperloop. He has also been a proponent of a VTOL (vertical take-off and landing) supersonic jet aircraft.
We thank you for your patience in reading about his past accomplishments and various ventures which have benefited society and will continue to do so.
Photo credit: Change.org
Elon Musk
Music City Loop could highlight The Boring Company’s real disruption
The real story behind the tunneling startup’s Nashville tunnel project is the company’s targeted $25 million per mile construction cost.
Recent commentary on social media has highlighted what could very well prove to be The Boring Company’s real disruption.
The analysis was shared by tech watcher Aakash Gupta on social media platform X, where he argued that the real story behind the tunneling startup’s Nashville tunnel project is the company’s targeted $25 million per mile construction cost.
According to Gupta’s breakdown, Nashville’s 2018 light rail proposal was priced at roughly $200 million per mile. New York’s East Side Access project reportedly cost about $3.5 billion per mile, while Los Angeles Metro expansion projects have approached $1 billion per mile.
By comparison, The Boring Company has stated it can construct 13 miles of twin tunnels in the Music City Loop for between $240 million and $300 million total. That implies a cost near $25 million per mile, or roughly a 95% reduction from industry averages cited in the post.
Several technical departures from conventional tunneling allow the Boring Company to lower its costs, from its smaller 12-foot diameter tunnels to its fully electric Prufrock machines that are designed to mine continuously with no personnel inside the tunnel and their capability to “porpoise” for easy launch and retrieval.
Tesla and Space CEO Elon Musk responded to the post on X, stating simply that “Tunnels are so underrated.”
The Boring Company has seen some momentum as of late, with the company recently signing a construction contract in Dubai and the Universal Orlando Loop progressing. Recent reports have also pointed to tunnels potentially being constructed to solve traffic congestion issues near the Giga Nevada area.
While The Boring Company’s tunnels have so far been used for Loop systems publicly for now, Elon Musk recently noted that the tunneling startup’s underground passages would not be limited only to ride-hailing vehicles.
In a reply to a post on X which discussed the specifications of the Music City Loop, Musk clarified that “any fully autonomous electric cars can use the tunnels.” This suggests that vehicles potentially running systems like FSD Supervised, even if they are not Teslas, could be used in systems like the Music City Loop in the future.
Elon Musk
SpaceX IPO could push Elon Musk’s net worth past $1 trillion: Polymarket
The estimates were shared by the official Polymarket Money account on social media platform X.
Recent projections have outlined how a potential $1.75 trillion SpaceX IPO could generate historic returns for early investors. The projections suggest the offering would not only become the largest IPO in history but could also result in unprecedented windfalls for some of the company’s key investors.
The estimates were shared by the official Polymarket Money account on social media platform X.
As noted in a Polymarket Money analysis, Elon Musk invested $100 million into SpaceX in 2002 and currently owns approximately 42% of the company. At a $1.75 trillion valuation following SpaceX’s potential $1.75 trillion IPO, that stake would be worth roughly $735 billion.
Such a figure would dramatically expand Musk’s net worth. When combined with his holdings in Tesla Inc. and other ventures, a public debut at that level could position him as the world’s first trillionaire, depending on market conditions at the time of listing.
The Bloomberg Billionaires Index currently lists Elon Musk with a net worth of $666 billion, though a notable portion of this is tied to his TSLA stock. Tesla currently holds a market cap of $1.51 trillion, and Elon Musk’s currently holds about 13% to 15% of the company’s outstanding common stock.
Founders Fund, co-founded by Peter Thiel, invested $20 million in SpaceX in 2008. Polymarket Money estimates the firm owns between 1.5% and 3% of the private space company. At a $1.75 trillion valuation, that range would translate to approximately $26.25 billion to $52.5 billion in value.
That return would represent one of the most significant venture capital outcomes in modern Silicon Valley history, with a growth of 131,150% to 262,400%.
Alphabet Inc., Google’s parent company, invested $900 million into SpaceX in 2015 and is estimated to hold between 6% and 7% of the private space firm. At the projected IPO valuation, that stake could be worth between $105 billion and $122.5 billion. That’s a growth of 11,566% to 14,455%.
Other major backers highlighted in the post include Fidelity Investments, Baillie Gifford, Valor Equity Partners, Bank of America, and Andreessen Horowitz, each potentially sitting on multibillion-dollar gains.
News
Tesla expands global FSD (Supervised) testing with Abu Dhabi trials
The program marks the emirate’s first formal testing framework for Tesla’s supervised autonomous driving technology.
Tesla has started its first Full Self-Driving (Supervised) road trials in Abu Dhabi under the oversight of the Integrated Transport Centre, also known as Abu Dhabi Mobility.
The program marks the emirate’s first formal testing framework for Tesla’s supervised autonomous driving technology.
FSD (Supervised) road trials are being conducted with the support of the Smart and Autonomous Systems Council and in coordination with the Legislation Lab at the General Secretariat of the UAE Cabinet.
Dr. Abdulla Hamad AlGhfeli, Acting Director General of the Integrated Transport Centre (Abu Dhabi Mobility), highlighted the agency’s regulatory role in overseeing the FSD (Supervised) tests in a press release.
“The supervision of the Integrated Transport Centre (Abu Dhabi Mobility) over the commencement of Tesla’s advanced autonomous driving technology tests reflects its regulatory and legislative role. These tests represent a qualitative step to evaluate the technology’s performance in a real-world operating environment and to collect the necessary data to verify its readiness before any future expansion in usage.
“Through this organized framework, and in cooperation with strategic partners, we seek to achieve a balance between supporting innovation and encouraging the adoption of smart solutions on one hand and ensuring the safety of road users on the other, in line with the emirate’s direction to develop an advanced, safe, and sustainable transport system,” he said.
Tesla is putting a lot of effort into expanding the rollout of FSD (Supervised) to territories outside in the United States. During a recent interview with Giga Berlin plant manager Andre Thierig, Musk stated that Tesla is looking to secure approval for FSD (Supervised) in the Netherlands this coming March.
“Tesla has the most advanced real-world AI, and hopefully, it will be approved soon in Europe. We’re told by the authorities that March 20th, it’ll be approved in the Netherlands,’ what I was told. Hopefully, that date remains the same. But I think people in Europe are going to be pretty blown away by how good the Tesla car AI is in being able to drive,” Musk stated.
Music City Loop could highlight The Boring Company’s real disruption
SpaceX IPO could push Elon Musk’s net worth past $1 trillion: Polymarket
