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He subsequently co-founded Zip2, a web software company, which was acquired by Compaq for 0 million in 1999.
Musk then founded X.com, an online payment company.
In addition to his primary business pursuits, Musk has envisioned a high-speed transportation system known as the Hyperloop, and has proposed a vertical take-off and landing supersonic jet electric aircraft with electric fan propulsion, known as the Musk electric jet.In 2001, Musk conceptualized "Mars Oasis"; a project to land a miniature experimental greenhouse on Mars, containing food crops growing on Martian regolith, in an attempt to regain public interest in space exploration.In October 2001, Musk travelled to Moscow with Jim Cantrell (an aerospace supplies fixer), and Adeo Ressi (his best friend from college), to buy refurbished Dnepr Intercontinental ballistic missiles (ICBMs) that could send the envisioned payloads into space.Musk extended his studies for one year to finish the second bachelor's degree.In 1995, at age 24, Musk moved to California to begin a Ph D in applied physics and materials science at Stanford University, but left the program after two days to pursue his entrepreneurial aspirations in the areas of the internet, renewable energy and outer space. The merged company focused on the Pay Pal service and was renamed Pay Pal in 2001.The group met with companies such as NPO Lavochkin and Kosmotras; however, according to Cantrell, Musk was seen as a novice and was consequently spat on by one of the Russian chief designers, and the group returned to the United States empty-handed.