Compaq Computer Corporation

February 11, 2023 0 Comments

In 1999, Compaq Computer Corporation acquired Zip2 for $307 million in cash. Musk then co-founded X . com that same year, an online bank which merged with Concinnity in 2000 to form the company we now know as PayPal .

eBay acquired PayPal in 2002 for $1.5 billion dollars . After the sale of PayPal, Musk co-founded Space , a private space exploration company , Tesla Motors , an electric vehicle manufacturer , Solar City , a solar panel installer , Open-air an artificial intelligence research laboratory DeepMind Technologies which Google acquired for over half a billion dollars . As of March 2016, Forbes estimates Musk’s net worth at $13 billion making him one of the richest people on Earth .

So there you have it! This is how Elon Musk became rich – through hard work, dedication and by taking risks with new businesses ventures.

Elon Musk Wikipedia

Elon Reeve Musk FRS (/ˈiːlɒn/ EE-lon; born June 28, 1971) is a business magnate, industrial designer, and engineer. He is the founder, CEO, CTO, and chief designer of Space; early investor, CEO, and product architect of Tesla Motors; founder of The Boring Company; co-founder of Neural ink; and co-founder and initial co-chairman of Open-air. A cent billionaire, Musk is one of the richest people in the world.

Musk was born to a Canadian mother and South African father and raised in Pretoria, South Africa. He briefly attended the University of Pretoria before moving to Canada aged 17 to attend Queen’s University. He transferred to the University of Pennsylvania two years later, where he received dual bachelor’s degrees in economics and physics.

He moved to California in 1995 to attend Stanford University but decided instead to pursue a business career, co-founding web software company Zip2 with his brother Kimball. The start-up was acquired by Compaq for $307 million in 1999. Musk co-founded online bank that same year, which merged with Concinnity in 2000 to form the company PayPal and was subsequently bought by eBay in 2002 for $1.5 billion.

In 2002, Musk founded Space , an aerospace manufacturer and space transport services company ,of which he is CEO , CTO ,and lead designer . In 2004 he joined electric vehicle manufacturer Tesla Motors , Inc.(now Tesla Inc.) as chairman and product architect , becoming its CEO in 2008 .

In 2006 he helped create Solar City , a solar energy services company and current Tesla subsidiary . In 2015 he co-founded Open-air, a nonprofit research company that promotes friendly artificial intelligence. In 2016 he co-founded Neural ink ;a terotechnology company focused on developing brain–computer interfaces ,and founded The Boring Company ,a tunnel construction company .

Musk has also proposed the Hyperloop ;a high speed vactrain transportation system .

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