Palo Alto, CA – After the successful sale of PayPal to eBay for $1.5 billion in 2002, Elon and Kimbal Musk embarked on new ventures that would further cement their status as influential entrepreneurs.
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Elon Musk’s New Ventures
Following the PayPal sale, Elon Musk used his share of the proceeds to fund several ambitious projects. He founded SpaceX in 2002 with the goal of reducing space transportation costs and making space exploration more accessible. SpaceX has since achieved numerous milestones, including the first privately-funded spacecraft to reach orbit and the first privately-funded spacecraft to dock with the International Space Station.
In 2004, Elon joined Tesla Motors, Inc. (now Tesla, Inc.) as chairman and later became its CEO. Under his leadership, Tesla has revolutionized the electric vehicle market and expanded into energy storage solutions. Musk also founded SolarCity, which was later acquired by Tesla, and co-founded Neuralink and The Boring Company, further diversifying his portfolio of innovative companies.
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Kimbal Musk’s Culinary and Agricultural Pursuits
While Elon focused on technology and space, Kimbal Musk pursued his passion for food and sustainability. After the PayPal sale, Kimbal moved to New York and enrolled in the French Culinary Institute. He later co-founded The Kitchen Restaurant Group, which focuses on community-oriented dining and sustainable food practices.
Kimbal also co-founded Big Green, a non-profit organization dedicated to building learning gardens in schools across the United States. These gardens aim to educate children about healthy eating and sustainable agriculture. Additionally, Kimbal launched Square Roots, an urban farming company that grows food in hydroponic, climate-controlled shipping containers.
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Continued Collaboration
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The Musk brothers’ post-PayPal journeys reflect their diverse interests and commitment to innovation, whether in technology, space exploration, or sustainable food systems. Their continued success and influence underscore the impact of their entrepreneurial spirit on multiple industries.
Source: cnbc.com, en.wikipedia.org, atouchofbusiness.com, scmp.com, nickiswift.com