Payments
Mar 1, 1999X.com / PayPal
Musk co-founds X.com, which becomes PayPal — later acquired by eBay for $1.5B.
~$1.5B
eBay acquisition (2002)
Online payments
Product
Musk founded the online bank X.com in 1999. It merged with Confinity in 2000 and the combined company was renamed PayPal. In October 2002 eBay acquired PayPal for about $1.5 billion in stock, making PayPal a foundational piece of modern online payments and seeding the "PayPal Mafia" of founders.
Primary source
Encyclopaedia BritannicaShare:
Last updated Mar 1, 1999Comments(0)
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