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From PayPal to Planetary Travel

Posted by ryuzaki0 on from the adventure-capitalists dept.

furnk writes "PayPal founder Elon Musk muses about his plans to send rockets to space and his eventual hopes for making life 'multi-planetary.' 'I said I wanted to take a large fortune and make it a small one, so I started a rocket business,' Musk said. SpaceX is not new, but in a speech at Virginia Tech, Musk talked about the company's troubles and its lawsuit against Boeing and Lockheed as he tries to get a slice of the valuable Air Force contracts."

1 of 97 comments (clear)

  1. Elon Musk is NOT PayPal's founder by Anonymous Coward · · Score: 5, Interesting

    Elon Musk is an idiot. Read below to find out why.

    PayPal was founded by Max Levchin and Peter Thiel. Elon Musk's competitor, X.com, merged with PayPal in 2000. Elon Musk became PayPal's CEO and Peter Thiel stepped down. Elon then ordered the PayPal system to be rewritten for Windows (it previously ran on Linux). This rewrite was strongly disliked by engineering, but Elon Musk persisted. The Windows rewrite was completed after six months of hard work, but was deemed too unstable to use. Elon Musk was fired by the board of directors of PayPal in late 2000 through a vote of no confidence. He would have destroyed PayPal.

    Peter Thiel stepped up to become CEO, again, and made PayPal into a gigantic success.