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In May 2002, Musk founded SpaceX, a space Exploration Technologies with $100 million. See Also: Biography and business life of the founder of Facebook, Mark Zuckerberg. However, Elon in 2017 eventually bought the initial domain X.com again from ebay saying it had a sentimental value to him. In 2002, Paypal was acquired by e-bay and Musk received $165 million of the $1.5 billion stock sales. After the merger, the company was then renamed Paypal in 2001. The company merged with Confinity, which has a money transfer service called Paypal. In 1999, Elon Musk co-founded X.com, an online financial service and e-mail payment company with $10 million from the $22 million he received from his shares in Zip2. Eventually, it was acquired by Compaq in 1999 for $307 million and Musk received $22 million for the seven percent shares he owned in the company.

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The software company developed and marketed internet city guide and direction services for online Newspapers. In 1995, Musk founded Zip2, a web software company along with his brother Kimbal with money raised from angel investors. So, at age 12, he already developed a program called ‘Blastar’, a code of a basic-based video game which he sold to PC and Office Technology magazine for about $500. Musk developed interest in computing at a young age with a vested interest in computer programming. See Also: Biography of the richest man in the world, Jeff Bezos. This was at a time when there was the dotcom boom, and Elon took advantage of this opportunity and started Zip2 Corporation, his first startup. Later on, Musk moved to Stanford University, California for PhD in Energy Physics. Elon later moved in 1992 to the University of Pennsylvania where he graduated in Physics and Economics in 1995.

He attended Waterkloof House Preparatory School and Bryanston High school and later moved to Pretoria Boys High School where he graduated.Īt the age of 17, Musk against his father’s wish migrated to Canada to attend the Queen University. Musk was raised in Pretoria, South Africa by his Paternal grandfather.

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