At the beginning of March 2019 Elon Musk’s SpaceX organization sends a capsule rocketing up to space. The Dragon craft, as it is known, is making its way towards the International Space Station. It arrives there swiftly – and the ramifications for the future of space exploration could be gargantuan.
Even before the establishment of SpaceX, Elon Musk had announced himself as a notable entrepreneur. Having already accumulated considerable wealth, in 1999 Musk helped to establish the online bank X.com. And while this may not necessarily ring any bells for anyone today, X.com’s subsequent merger with software business Confinity would ultimately prove to be very significant.
Confinity had been set up during the winter of 1998 by Peter Thiel, Luke Nosek and Max Levchin. And it was in the following year that Confinity’s most well-known product was launched. It was so significant, in fact, that it’s still widely used today – some two decades later. The product in question is PayPal.