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=== Zip2 and PayPal: Early Success === Muskβs first major venture was '''Zip2''', a software company he co-founded in 1996, which provided city guide software to newspapers. In 1999, '''Compaq''' acquired Zip2 for nearly $300 million, marking Musk's first major financial success. Following Zip2, Musk co-founded '''X.com''', an online payment company that eventually evolved into '''PayPal''' after merging with '''Confinity'''. As the CEO of PayPal, Musk was instrumental in its development into the global leader in online payments. In 2002, '''eBay''' acquired PayPal for '''$1.5 billion''' in stock, giving Musk a significant financial windfall.
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