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The little-known story about Elon Musk’s first post-grad internship | Fortune
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What turned Elon Musk into a billionaire?
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Elon Musk’s path to becoming a tech titan began with the success of PayPal. In 1999, Musk co-founded X.com, an online payment company that merged with Confinity in 2000 to form PayPal. The platform rapidly grew in popularity, and improved online payments and transactions. In October 2002, eBay acquired PayPal for $1.5 billion in stock. Musk, as the largest shareholder with an 11.7% stake, earned around $165 million from the sale. This windfall provided the capital he needed to pursue his ambitio
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