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Elon Reeve Musk (/ ˈ iː l ɒ n m ʌ s k /; born June 28, 1971) is a businessman and 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 X Corp. (the company that operates the social media platform X , formerly Twitter), and his role in the founding ...
PayPal Holdings, Inc. is an American multinational financial technology company operating an online payments system in the ... Elon Musk, co-founder of X.com, which ...
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 ...
After a corporate restructuring, which involved the removal of Elon Musk from the company, the company adopted the name PayPal Inc. [citation needed] PayPal made an Initial Public Offering on the NASDAQ stock exchange on February 14, 2002. [7] The company was purchased by eBay in a $1.3 billion stock deal announced on July 8, 2002.
When PayPal launched at a press conference in 1999, representatives from Nokia and Deutsche Bank sent $3 million in venture funding to Thiel using PayPal on their PalmPilots. PayPal then continued to grow through mergers in 2000 with Elon Musk's online financial services company X.com, and with Pixo, a company specializing in mobile commerce ...
The Musk family includes Maye Musk, a model and author; Errol Musk, a businessman and politician; their children Elon Musk, Kimbal Musk, and Tosca Musk, as well as nephew Lyndon Rive. Elon Musk's ex-wives are Justine Musk and Talulah Riley , and he has many children.
In March 1999, Musk co-founded X.com, an online financial services and e-mail payment company, with US$10 million from the sale of Zip2. One year later, the company merged with Confinity, which had a money-transfer service called PayPal.In October 2002, PayPal was acquired by eBay for US$1.5 billion in stock, of which Musk received US$165 million.
Learn which investments helped make Elon Musk the richest person in the world. ... Co-founder of online payment system PayPal, which was sold to eBay in 2002 for $1.5 billion. (Ebay later spun out ...