businessman and entrepreneur (born 1971)
Elon Reeve Musk (born 28 June 1971) is a South African-born entrepreneur and business magnate resident in the United States. He is the founder, CEO, and Chief Engineer at SpaceX; early-stage investor, CEO, and Product Architect of Tesla, Inc.; founder of The Boring Company; co-founder of Neuralink and OpenAI; president of the Musk Foundation; and owner of X Corp., formerly known as Twitter, Inc. With an estimated net worth of about US$487.3 billion as of October 2025, Musk is the wealthiest person in the world according to the Bloomberg billionaires index and the Forbes real-time billionaires list.
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The reason government programs are so inefficient is that, unlike a commercial company, the feedback loop for improvement is broken, because they have a state-mandated monopoly and can’t go out of business if customers are unhappy.
No matter how bad the service is at your DMV (sorry to pick on DMVs), you still have to use your DMV, because it’s a monopoly.