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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 ...
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]
Elon Reeve Musk (/ ˈ iː l ɒ n m ʌ s k /; born June 28, 1971) is a businessman and United States government official known for his key roles in the automotive company Tesla, Inc. and the space company SpaceX. He is also known for his ownership of the technology company X Corp. and his role in the founding of the Boring Company, xAI ...
Elon Musk, SpaceX. Age: 50. Net worth: $167 ... 10 Women Who Have Made Financial History. ... a digital payment platform that became PayPal after merging with Elon Musk's X.com. Thiel served as ...
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 ...
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 ...
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 ...
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.