This report evaluates the personal qualities that made Elon Musk a great entrepreneur and discusses the challenges faced by his SpaceX venture. It explores his creativity, self-discipline, and innovative mind. It also critically analyzes the funding, time management, and objectivity challenges in launching the 'Starship' and establishing a self-sustainable city on Mars. Additionally, it examines Elon Musk's entrepreneurial performance in Tesla, focusing on innovation approaches like product design, process improvement, updated business models, and new technologies.