_scientists-are-trying-to-bring-back-the-woolly-mammoth-heres-how-the-business-model-actually-works.jpg "Scientists are trying to bring back the woolly mammoth. Here’s how the business model actually works from startups closedown iwate Video Screenshot Preview")
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✓ Published: 12-Apr-2024
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✓ Published: 12-Apr-2024
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Colossal Biosciences has made headlines as the de-extinction startup primed to bring back the woolly mammoth. Here’s how the business model actually works.
Colossal Biosciences has made headlines as the de-extinction startup primed to bring back the woolly mammoth. Here’s how the business model actually works.
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Musk later transferred to the University of Pennsylvania, and received bachelor's degrees in economics and physics. He moved to California in 1995 to attend Stanford University, but dropped out after two days and, with his brother Kimbal, co-founded online city guide software company Zip2. The startup was acquired by Compaq for $307 million in 1999, and that same year Musk co-founded X.com, a direct bank. X.com merged with Confinity in 2000 to form PayPal.<br/><br/>In October 2002, eBay acquired PayPal for $1.5 billion, and that same year, with $100 million of the money he made, Musk founded SpaceX, a spaceflight services company. In 2004, he became an early investor in electric vehicle manufacturer Tesla Motors, Inc. (now Tesla, Inc.). He became its chairman and product architect, assuming the position of CEO in 2008. In 2006, Musk helped create SolarCity, a solar-energy company that was acquired by Tesla in 2016 and became Tesla Energy. 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