In March 1999, Musk co-founded X.com, an online financial services and email payments company. One year later, X.com acquired Confinity, originally a company formed to beam money between Palm Pilots, and the combined entity focused on email payments through the PayPal domain, acquired as part of Confinity. In February 2001, X.com changed its legal name to PayPal. In October 2002, PayPal was acquired by eBay for US$1.5 billion in stock. Before its sale, Musk, the companys largest shareholder, owned 11.7% of PayPals shares.
In June 2002, Musk founded his third company, Space Exploration Technologies , of which he is currently the CEO and CTO. SpaceX develops and manufactures space launch vehicles, with an emphasis on low cost and high reliability. The companys first two launch vehicles are the Falcon 1 and Falcon 9 rockets.
In addition to his business activities in entrepreneurial space, Musk is the principal owner and Chairman of the Board of Tesla Motors, which builds a high-end luxury electric vehicle. He is also the primary investor and Chairman of the Board of SolarCity, a photovoltaics products and services startup company. The underlying motivation for funding both companies is to help combat global warming.
Musks fortune is estimated at US$328 million.
Elon Musk是一个企业家同时也是SpaceX的共同创办人。他是PayPal的早期投资人。同时也是Tesla Motors和SolarCity的董事长。
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