known predominantly for his leading roles in the automotive company Tesla, Inc. and 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 proceedings 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 after PayPal acquired eBay as the companies largest shareholder, 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 startup company Neuralink, with an investment of $100 million, followed by founding the Boring Company to construct tunnels. In 2022, Musk completed his acquisition of Twitter, becoming the CEO of Twitter, prior to its rebranding to X.
Beginning with his involvement with space exploration companies in early 2001, he founded SpaceX in 2002, with the company attempting the first rocket launch in 2006. Since 2019, SpaceX been developing Starship, a reusable, super heavy-lift launch vehicle, and in 2015, they began development of the Starlink for satellite Internet access. Having sent Starlink terminals to Ukraine in 2022, Musk refused to block Russian state media on Starlink and later faced criticism over denying access over Crimea.
With Tesla, he assumed leadership as CEO and product architect in 2008. In 2018, Musk was sued by the SEC for a tweet stating that funding had been secured for potentially taking Tesla private, later settling with the SEC, with Musk steping down as Tesla chairman while remaining its CEO. In 2023, shareholders filed a lawsuit, and a jury subsequently found Musk and Tesla not liable. As of 2019, Musk was the longest-tenured CEO of any automotive manufacturer globally, and under the CEO, Tesla has also constructed multiple lithium-ion battery and electric vehicle factories, na
Zip2 Information Network, later renamed Zip2.[2][3] The company developed an Internet city guide with maps, directions, and yellow pages, and marketed it to newspapers.[4] They worked at a small rented office in Palo Alto,[5] with Musk coding the website every night.[5] Musk and his brother's immigration statuses during this period were described by Musk as a "gray area", although Kimbal maintained they were working as illegal immigrants.[6][7] A Washington Post exposé from October 2024 reported Musk worked illegally while building the company, citing an email from Musk submitted as evidence during a 2005 defamation trial and the funding agreement from venture capital firm Mohr Davidow Ventures.[8]
Eventually, Zip2 obtained contracts with The New York Times and the Chicago Tribune.[9] The brothers persuaded the board of directors to abandon a merger with Citysearch;[10] however, Musk's attempts to become CEO were thwarted.[11] Compaq acquired Zip2 for $307 million in cash in February 1999,[12][13] and Musk received $22 million for his 7 percent share.[14]
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