![]() ![]() SpaceX, as of the moment, is worth $74 Billion, according to CNBC. As of the moment, Tesla Market Capital is worth $690 Billion while PayPal is worth $10 Billion, according to Yahoo Finance. PayPal, while still a very large company today, is half the value of Tesla but is actually worth more than SpaceX. Today, SpaceX and Tesla are two of the most popular companies in the whole world. Although Elon Musk also owns, invests, and supports a few more companies, he is mostly focused on Tesla and SpaceX as of the moment. Read Also: Elon Musk Announces Starlink Will Be Fully Mobile Late 2021: Users Can Use it On RV or Trucks in Motion PayPal Elon MuskĪlthough Zip2 is now PayPal and Elon Musk no longer owns stock in the company, the now Tesla and SpaceX CEO is still very busy with his two top companies. Elon Musk mentioned that he had a hard time getting a job at an internet company which is the whole point of his clarification. The iconic phrase "I guess I'll just have to start my own company" was also heard in the video. The tricky story as to how Elon Musk started Zip2 now known as PayPal is in a YouTube video where he explained his struggles of trying to work at an internet company. Elon Musk did not give a reason as to why he started Zip2 but clarified that he could get a job. This changes how the start of Zip2's narrative goes. Elon Musk then replied to the story saying he could get a job but "just not at an internet company" noting that there weren't a lot of those back then. However, he no longer has a stake in PayPal, although he owned shares. While the story was inspiring and truthful details were included. He was CEO of PayPal until 2000 and owned almost 12 of the companys shares at one point. ![]() The ending of the tweet then noted that the reason why he started his very own internet company known as Zip2 is that he was not able to get a job anywhere. ![]() Elon Musk, however, was too shy to talk to anyone. He even reportedly tried hanging out over at their lobby. The story then went on noting that he had applied to work at Netscape and that he had sent his resume. He is also the founder of SpaceX, whose mission is to manufacture and. The Tweet noted that back in 1995, Elon Musk actually wanted to work at an internet company. Many InvestorPlace readers will remember that in 1999 Musk founded X.com, which later became PayPal (NASDAQ: PYPL ). ![]() The tweet also included a picture of a much younger Elon Musk. A certain Twitter user Pranay Pathole posted a Tweet about the Tesla CEO's story but was then corrected by Elon Musk himself. A certain detail was pointed out and that particular detail could change the narrative of how people think Elon Musk's company actually started. Elon Musk Zip2 StoryĪ certain Twitter post that was supposed to explain his beginnings was corrected by Elon Musk himself. While there were still some other milestones that the Tesla CEO was able to achieve in his earlier days, Elon Musk's most notable achievement was starting a certain company that would be later known as PayPal. This article originally appeared on GOBankingRates.Elon Musk's beginnings have oftentimes been looked into as a source of inspiration for a lot of people. Photo Disclaimer: Please note photos are for representational purposes only. Here’s How Much You Need To Earn To Be ‘Rich’ in 23 Major Countries Around the World What Is the Next Big Cryptocurrency To Explode in 2021? The narrative around Musk runs that he made a stupendous amount of money from the sale of PayPal (he is one of the famed PayPal mafia) and then used that. Musk is so influential in the crypto space that a single tweet can cause the prices of those assets to rise or fall precipitously.įourth Stimulus Checks Are Coming From These States - Is Yours on the List?ġ0 Reasons You Should Claim Social Security Early X.com later merged with Confinity to form Paypal. Morgan Stanley warns that inventory challenges could weigh on Nike (NKE) margins and lead to an initial 2024. Musk and three co-founders launched internet bank X.com in 1999. In fact, two of his companies, SpaceX and Tesla also own Bitcoin themselves. PayPal (PYPL) says it will spend 1 billion more on share repurchases this year. But Musk has also made huge best on Ethereum and Bitcoin, the two largest cryptocurrencies. Some investors even call Musk the "DogeFather" for pumping up formerly obscure crypto Dogecoin into national prominence. While cryptocurrency is not a company, it's an important investment to Musk and dominates the news headlines. ![]()
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