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  2. Apr 22, 2022 · Of course, we can't overlook PayPal, another Musk-founded company that sold for $1.5 billion to eBay. While it was evident Musk knew a thing or two about launching successful...

    • Tesla

      Michael Burry and Elon Musk have exchanged heated words in...

    • PayPal

      PayPal's crypto fees, which apply to both buy and sell...

    • Starlink

      Elon Musk stated that Starlink's IPO will be coming in a few...

    • SpaceX

      In October 2021, CNBC reported that SpaceX hit a valuation...

    • Entrepreneurs

      Musk used his share of the PayPal payout to launch Tesla and...

  3. Feb 20, 2023 · Musk used his share of the PayPal payout to launch Tesla and SpaceX — his current companies — and SolarCity — a solar panel company that’s now a subsidiary of Tesla.

    • Dan Clarendon
  4. Feb 9, 2024 · What was Elon Musk’s contribution to PayPal? As a co-founder, Musk provided leadership and vision that helped shape PayPal into the successful online payment platform it is today. https ...

    • PayPal
    • SpaceX
    • DeepMind Technologies
    • Tesla Motors
    • The Boring Company
    • The Bottom Line

    In 1999, Musk co-founded X.com, an online financial services and email payment company. A year later, X.com merged with Confinity, which in 2001 was renamed PayPal (PYPL). On Oct. 3, 2002, PayPal was purchased by eBay (EBAY) for $1.5 billion. At the time of the sale, Musk owned 7,109,989 shares of PayPal, which made him the largest shareholder with...

    In 2002, Musk founded Space Exploration Technologies Corp., commonly known as SpaceX. The company's founding mission is to revolutionize space technology, including by developing spacecraft that carries humans to Mars and other places in the solar system. NASA awarded SpaceX a lucrative contract in 2006. In 2008, SpaceX launched Falcon 1, the first...

    The artificial intelligence (AI) company DeepMind Technologies was launched in late 2010, with Musk as one of its key angel investors. In Jan. 2014, Google (GOOGL) announced that it had acquiredthe company for an undisclosed amount. Musk is famously worried about AI overtaking humans and is reported to have invested in DeepMind not to make money bu...

    Musk was not a founding member of Tesla but led an early round of financing in 2004. In 2008, Musk went from being a board member of Tesla to its CEO, even while still serving as the CEO of SpaceX. On June 28, 2010, Tesla launched its initial public offering(IPO) on Nasdaq with shares of common stock initially available to the public at $17 per sha...

    Musk founded the infrastructure and tunnel construction company known as The Boring Company in 2017. The company was founded on the premise that traffic is awful but traveling above ground isn’t necessary—traffic woes could be "solved" by using the miles and miles of earth beneath roadways. The company’s goal is to reduce the cost of tunneling whil...

    Elon Musk has founded, led, and invested in many businesses, most of which have become very successful companies, making him one of the richest people in the world, and oftentimes, the richest. Known for his eccentric personality, Musk continues to shape different areas of the world, from electric cars to social media to space exploration.

    • 1995: Zip2. Along with his brother, Musk founded Zip2, an online business directory, as an online alternative to the standard paper yellow pages. (Google would not launch until 1998.)
    • 1999: X.com. Musk invested some of his windfall from the Zip2 sale into his next venture: X.com, an online bank, launched with three other co-founders. X.com’s business model was innovative for its time, in that it incentivized sign-ups and eased the process of transferring funds digitally, with no need for mail or traditional banking infrastructure.
    • 2000: PayPal. X.com merged with software company Confinity just one year later, forming PayPal, a secure online payments platform with a foundation in payments conducted for PalmPilots.
    • 2002: SpaceX. Musk next set his sights on a lofty goal: space exploration, and the future colonization Mars. In the past 20 years, SpaceX has dealt with a series of rocket launch failures and Starship explosions.
  5. Dive into the incredible story of PayPal, Elon Musk's groundbreaking venture that transformed online payments. This journey from X.com founding to its merger with Confinity and beyond is a tale...

    • 9 min
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    • Wealth Quirks
  6. Apr 26, 2022 · Musk parlayed the PayPal money into a variety of far-flung ventures and now controls $1 trillion electric car company Tesla, space exploration firm SpaceX, brain implant startup Neuralink and...