![]() SpaceX's long-term goal is to make colonizing Mars affordable. One early SpaceX vehicle was named after the song "Puff the Magic Dragon." The name of the spacecraft, the Dragon, was Musk's jab at skeptics who told him SpaceX would never be able to put vehicles into space, Musk later shared on Twitter. Musk's goal was to make spaceflight cheaper by a factor of 10. In early 2002, Musk founded the company that would be known as Space Exploration Technologies, or SpaceX, with $100 million of the money received from the PayPal sale. As PayPal's single biggest shareholder, he netted $165 million of the $1.5 billion price eBay paid, reported.Įven before the PayPal sale, Musk was dreaming up his next move, including a wild plan to send mice or plants to Mars. 2002-2004: Elon Musk starts SpaceX and invests in Teslaīut things worked out for Musk - he made another windfall when eBay bought PayPal in late 2002. "That's the problem with vacations," Musk told Fortune years later about his ill-fated trip in late 2000. While Musk was en route to Australia for a much-needed vacation, PayPal's board fired him and made Thiel the new CEO. PayPal cofounder and then CTO Max Levchin pushed back - hard. In October 2000, he started a huge fight among the PayPal cofounders by pushing for them to move its servers from the free Unix operating system to Microsoft Windows, according to a Forbes report. Musk was named the CEO of the newly minted PayPal - but it wouldn't last long. About a year later, X.com merged with Confinity, a financial startup cofounded by Peter Thiel, to form PayPal. He launched the company in 1999 using $10 million of the money he got from the Zip2 sale, Investopedia reported. Musk next started X.com, an online banking company. ![]() Peter Thiel (left) and Elon Musk (right) pose for a 1999 story about their company PayPal. Account icon An icon in the shape of a person's head and shoulders. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |