Elon Musk bought back the website name from his second-ever company, which he left in 2002
It was an online bank that would go on to become PayPal. In 2001, he stepped aside, leaving behind both X.com the company and X.com the domain name.
Now, over 16 years later, Musk and X.com are back together: PayPal confirms with Business Insider that Elon Musk has repurchased the X.com domain name. The news was first reported by Domain Investing.
"We are delighted to sell the domain x.com back to its previous owner, Elon Musk," says a PayPal spokesperson.
To be clear, he hasn't purchased PayPal, or even a sliver of PayPal. All he purchased was owns X.com, a highly-desirable single-letter website address, and he can now whatever he wants with it.
PayPal didn't disclose how much Musk paid for the X.com domain name. Right now, there's nothing so much as a placeholder at X.com.
Maybe this is just for nostalgia. Maybe Musk has plans to start a new company using a classic name. Or maybe he could use it to promote one SpaceX, his space-faring company, or Tesla's Model X SUV.
We don't know. What we do know is that Musk - the founder of Tesla, SpaceX, OpenAI, and the Boring Company - rarely sits still for very long.
"I guess you can say that I'm a serial entrepreneur," Musk said when he left X.com in 2001.
- Instagram's crisis highlights the bigger issues the entire ad industry is facing
- The 10-year Treasury yield will drop to 3.5% by the end of next year as the massive bond rally will continue, UBS says
- Exit polls predict BJP advantage in MP, Rajasthan, Congress win in Chhattisgarh, Telangana and tight contest in Mizoram
- International air travel penetration remains low in India: CAPA
- "Meeting friends is always a delight": PM Modi reacts to 'Melodi' selfie shared by Italian counterpart Georgia Meloni
- WhatsApp testing new feature that lets you search users by their username
- Delhi airport: Flights diverted due to bad smog, bad weather
- Meta expanding child safety measures as scrutiny mounts