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Business career of Elon Musk

Business career of Elon Musk

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Elon Musk is a businessman and entrepreneur best known as the CEO of the automotive company Tesla, Inc. and the founder and CEO of the space company SpaceX. Musk is also known for his ownership of technology company X Corp. and his role in the founding of The Boring Company, xAI, Neuralink, and OpenAI. In 1995, Musk co-founded what would later be known as Zip2, later selling the company to Compaq for $307 million in 1999. Receiving $22 million in the process, Musk used $12 million of the proceeds to co-found the e-payment company X.com that same year. In 2000, X.com merged with the online bank Confinity and was rebranded as PayPal. In 2002, Musk received $176 million as PayPal's largest shareholder when eBay acquired PayPal, and would much later purchase the X.com domain from PayPal, with the intention of creating an "everything app". In 2004, with an investment of $6.3 million, Musk then became the chairman and majority shareholder of Tesla. In 2016, Musk co-founded the neurotechnology...

Read on Wikipedia · Image Maurizio Pesce from Milan, Italia, CC BY 2.0

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