This report provides a comprehensive analysis of Elon Musk's entrepreneurial journey, examining his key qualities that have contributed to his success, such as innovation and risk-taking. The report delves into the challenges faced by SpaceX, including market segmentation, military market access, civil space safety, weak enterprise profitability, and oversized capital requirements. Furthermore, the report investigates Elon Musk's entrepreneurial performance through the lens of Tesla, analyzing its growth, customer satisfaction, and key success indicators in the competitive automobile sector. The report uses examples from SpaceX and Tesla, supporting its arguments with references from journals, books, and conference proceedings. Statistical data such as sales, revenue, and growth percentage are also used to critically analyze the projects and performance of Elon Musk.