If there happens a survey or an investigative study to ascretain the IQ or intelligent quotient of the common man in general, perhaps the number of persons ignorant of the names like PayPal and Space X will be found negligible or even in minuscule proportion. But who is the main brain behind these two enormous projects that has entirely modified the way through which we look at the world by the means of the Web based technology? He is Elon Musk. He was born on 28 th June in 1971 and apart from being an entrepreneur and the founder of the PayPalo and the SpaceX is also the Chairman of the Tesla Motors and Solar City.
Though he was born in South Africa in the family of a South African engineer and a dietitian and model of New York from his young days he proved himslef as a struggling guy and was enrolled at Kingston in Ontario where he ws enrolled at the Queen's University. To the University of Pennsylvania he was awarded a scholarship and received and received an undergraduate business degree from the Wharton School.
It was the year 1995 when his fate turned to a positive direction when he initiated the Zip2 which was established for the supply of online content publishing software for news organizations. However, in the year 1999 the Astal Vista division of the Compaq acquired Zip2 against a sum of US$307 million in cash and US$34 million in stock options. At this time, both of Elon and his brother Kimbal were in possession of 12 percent of Zip2. In the March of the year 1999, he co founded X.com, an online financial services and email payments company. Just after a gap of one year the X.com acquired Confinity, which was a company in origin formed to beam money between Palm Pilots, and in gradual course the combined entity laid its concentration on email payments through the PayPal domain, acquired as part of Confinity. In the month of February in 2001, X.com changed its legal name to PayPal. It was in the October of 2002, eBay acquired PayPal in exchange of US$1.5 billion in stock.
Again in June 2002, Musk laid the foundation of his third company, the Space Exploration Technologies or the SpaceX, where he is at present the CEO and CTO.
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