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How PayPal money helped Elon Musk build SpaceX, now eyeing biggest IPO in history

Posted on May 17, 2026
By Business News Today
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1 min read

How PayPal money helped Elon Musk build SpaceX, now eyeing biggest IPO in history

SpaceX, founded by Elon Musk using proceeds from PayPal, is reportedly preparing for a massive IPO that could rank among the largest ever. While the company has transformed the space industry through reusable rockets and Starlink, questions remain around valuation claims, listing timelines and unverified deal details.