Musk and his brother, Kimbal, started Zip2, an internet software program business enterprise that evolved and advertised an Internet city manual for the newspaper publishing industry.
The business enterprise raised cash from a small institution of angel investors.
Compaq obtained Zip2 for US$307 million in cash and US$34 million in inventory alternatives in February 1999. Musk obtained US$22 million for his 7 percentage share from the sale.
Musk co-founded X.com, a monetary offerings and bills business enterprise thru email. It performed an excessive degree of protection without it being complex for the consumer to make the transfer.
X.com merged with Confinity Inc., a software program business enterprise primarily based totally in Silicon Valley.
Musk was interested in Confinity due to its clean payment system. The merged business enterprise modified its call to PayPal.
Musk married Canadian creator Justine Wilson after assembly meeting her while attending the University of Queens. They had six kids together however their first son, Nevada, exceeded away in infancy.