Extraordinary Elon Musk: What You Need to Know
Fact 7
Elon Musk's Involvement with PayPal Elon Musk's journey in the tech industry continued with his significant role at PayPal:
Key Points Joining PayPal: In 1999, Elon Musk began working for PayPal, which was originally founded as X.com.
Equity Stake: He acquired a 12% share of the company, positioning himself as a key player in its growth.
Sale to eBay: In 2002, PayPal was sold to eBay for approximately $1.5 billion in stock, and Musk's share was valued at around $180 million.
Conclusion Elon Musk's involvement with PayPal not only solidified his status in the tech industry but also provided him with substantial financial resources to pursue future ventures, illustrating his ability to capitalize on emerging opportunities in the digital landscape.
