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X.com, the company that would later merge with Confinity to become PayPal, is launched by Elon Musk. [3] 1999: July: Product launch: Confinity announces the launch of online payment service PayPal, intended to be usable via a web browser and via a Palm Pilot. At the launch party in July, Nokia Ventures uses PayPal to send $3 million in venture ...
Elon Reeve Musk (/ ˈ iː l ɒ n m ʌ s k /; born June 28, 1971) is a businessman and conservative political figure known for his key roles in the automotive company Tesla, Inc. and the space company SpaceX. He is also known for his ownership of technology company X Corp. and his role in the founding of the Boring Company, xAI, Neuralink, and ...
X.com was an American online bank founded by Ed Ho, Harris Fricker, Elon Musk, and Christopher Payne in 1999 in Palo Alto, California.It merged with competitor Confinity in 2000 and the merged company changed its name to PayPal in 2001.
Elon Musk's net worth of $264 billion makes him the world's richest person. ... It soon merged with Peter Thiel's Confinity to become PayPal, and the company was bought for $1.5 billion by eBay in ...
Here is a look at every business Musk currently owns: ... Tesla CEO and X owner Elon Musk, who supports Republican presidential nominee former U.S. President Donald Trump, gestures as he speaks ...
In 2002, PayPal was acquired by eBay for $1.5 billion in stock, of which Musk—PayPal's largest shareholder with 11.7% of shares—received $176 million. [26] [27] In 2017, more than 15 years later, Musk purchased the X.com domain from PayPal for its "sentimental value". [28] [29] In 2022, Musk discussed a goal of creating "X, the everything ...
Elon Musk is the richest person in the world right now, according to Forbes. He has a ton of money -- around $232 billion. But Musk didn't become mega-rich overnight. He made his huge fortune over...
In the same month, Elon Musk was replaced by Peter Thiel as CEO of X.com, [17] which was renamed PayPal in June 2001 and went public in 2002. [18] [19] [20] PayPal's IPO listed under the ticker PYPL at $13 per share and generated over $61 million. [21]