
Over the years, billionaire Elon Musk has been instrumental in the founding and funding of many well-known companies. As one of the co-founders of what became PayPal Holdings (NASDAQ: PYPL), Musk received a payout when eBay (NASDAQ: EBAY) acquired the financial technology company in 2002.
A former asset owned by PayPal is in the hands of Musk and has become a recent topic of discussion after the rebranding of Twitter to X.