One year later, the company merged with, which had a money-transfer service called. Main articles: and In March 1999, Musk co-founded, an online financial services and payment company, with US$10 million from the sale of Zip2. Musk received US$22 million for his 7 percent share from the sale.: 109 X.com and PayPal. Acquired Zip2 for US$307 million in cash: 109 and US$34 million in in February 1999. While at Zip2, Musk wanted to become CEO however, none of the board members would allow it. Musk obtained contracts with and the and persuaded the board of directors to abandon plans for a merger with. The company developed and marketed an Internet city guide for the publishing industry.
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Main article: In 1995, Musk and his brother, started, a web software company, with money raised from a small group of. Nothing can stop us, we keep fighting for freedom despite all the difficulties we face each day.
His goals include reducing through production and consumption, and reducing the of by establishing a. Musk has stated that the goals of SpaceX, Tesla, and SolarCity revolve around his vision to change the world and humanity. In addition to his primary business pursuits, Musk has envisioned a high-speed transportation system known as the, and has proposed a supersonic jet with electric fan propulsion, known as the Musk electric jet. In December 2016, Musk founded, an infrastructure and tunnel-construction company. In July 2016, he co-founded Neuralink, a company focused on developing, and is its CEO. In 2015, Musk co-founded, a nonprofit research company that aims to promote. In 2006, he inspired the creation of, a solar energy services company that is now a subsidiary of Tesla, and operates as its chairman. He helped fund Tesla, Inc., an electric vehicle and solar panel manufacturer, in 2003, and became its CEO and product architect. In May 2002, Musk founded SpaceX, an aerospace manufacturer and space transport services company, of which he is CEO and lead designer. It merged with in 2000 and later that year became PayPal, which was bought by for $1.5 billion in October 2002. He subsequently co-founded, a web software company, which was acquired by for $340 million in 1999. In applied physics and material sciences at in 1995 but dropped out after two days to pursue an entrepreneurial career. He transferred to the two years later, where he received an economics degree from the and a degree in physics from the. Born and raised in, Musk moved to Canada when he was 17 to attend. As of October 2018, he has a net worth of $22.8 billion and is listed by Forbes as the. In December 2016, he was ranked 21st on the list of. He holds, and citizenship and is the founder, and lead designer of co-founder, CEO, and product architect of co-founder and CEO of and co-founder of.
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