14 Things You Didn’t Know About Elon Musk

Elon Musk
Photo by Michael Vi from Shutterstock

9. He Made a Lot Of Money From Paypal

Musk co-founded X.com, an online financial services and e-mail payment company, that would eventually merge with the software company Confinity Inc. It was there that Musk focused his attention on the online payments system Paypal.

And that focus paid off big time as when the e-commerce company eBay bought PayPal in 2002 for $1.5 billion, Musk was one of PayPal’s largest shareholders. So, when the ink was dry on the deal, he personally pocketed a massive $175 million.

10. He Used His Paypal Money To Start SpaceX

Once eBay cut him the check for $175 million, Musk would use $100 million of that money to help him achieve a lifelong dream of reducing space transportation costs to enable the colonization of Mars when he founded Space Exploration Technologies Corp., more commonly known as SpaceX, in 2002.

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