https://howitunfolded.com/companies/elon-musk-early-ventures/Concluded. Elon Musk's early businesses moved from web software to online payments. This chronology follows Zip2, the X.com and Confinity merger, a leadership change and eBay's acquisition of PayPal.enhttps://howitunfolded.com/companies/elon-musk-early-ventures/#e8elon-musk-early-ventures-a76527128bThu, 03 Oct 2002 12:00:00 +0000eBay announced completion of the acquisition. PayPal chief executive Peter Thiel resigned, and eBay executive Matt Bannick took over responsibility for PayPal.https://howitunfolded.com/companies/elon-musk-early-ventures/#e7elon-musk-early-ventures-156db01fa7Mon, 08 Jul 2002 12:00:00 +0000eBay and PayPal announced a share-exchange agreement, subject to approvals. They valued it at approximately USD 1.5 billion using eBay's 5 July closing share price.https://howitunfolded.com/companies/elon-musk-early-ventures/#e6elon-musk-early-ventures-352c9c4eaaThu, 21 Feb 2002 12:00:00 +0000PayPal records completion of its IPO on 21 February, with approximately USD 70.6 million in net proceeds. This is the closing date, not the first trading day.https://howitunfolded.com/companies/elon-musk-early-ventures/#e5elon-musk-early-ventures-742c01d3beThu, 01 Feb 2001 12:00:00 +0000The company formally changed its name from X.com to PayPal in February 2001.https://howitunfolded.com/companies/elon-musk-early-ventures/#e4elon-musk-early-ventures-d98490023eSun, 24 Sep 2000 12:00:00 +0000The later separation agreement records Musk's resignation as chief executive and president effective 24 September 2000. It does not establish a misconduct finding.https://howitunfolded.com/companies/elon-musk-early-ventures/#e3elon-musk-early-ventures-04d290b551Thu, 30 Mar 2000 12:00:00 +0000X.com merged with Confinity, developer of PayPal. The later management biographies identify Peter Thiel as Confinity's co-founder and former chief executive, and Max Levchin as its co-founder and chief technology officer.https://howitunfolded.com/companies/elon-musk-early-ventures/#e2elon-musk-early-ventures-19e093f7a5Thu, 01 Apr 1999 12:00:00 +0000Compaq records the acquisition in April 1999. Its filing separates USD 307 million in cash from the USD 341 million aggregate purchase price, which also included options and other costs.https://howitunfolded.com/companies/elon-musk-early-ventures/#e1elon-musk-early-ventures-67b9a67033Mon, 01 Mar 1999 12:00:00 +0000PayPal's management biography dates Musk's founding of X.com to March 1999.https://howitunfolded.com/companies/elon-musk-early-ventures/#e0elon-musk-early-ventures-e652bf73bfSat, 01 Jul 1995 12:00:00 +0000PayPal's filing dates Elon Musk's co-founding of Zip2 to 1995. Tesla's later board biography also identifies Kimbal Musk as a Zip2 co-founder.