1. TechSpot is dedicated to computer enthusiasts and power users. Ask a question and give support. Join the community here.
    TechSpot is dedicated to computer enthusiasts and power users.
    Ask a question and give support.
    Join the community here, it only takes a minute.
    Dismiss Notice

Elon Musk buys back X.com domain from PayPal

By Jos ยท 7 replies
Jul 11, 2017
Post New Reply
  1. Way back in 1999, well before SpaceX and Tesla, Elon Musk founded an online financial services company called X.com which, after merging with another company called Confinity, co-founded by Peter Thiel and Max Levchin, went on to become PayPal in 2001. By the time PayPal went public in 2002, Musk had left but made millions off that IPO and eBay’s $1.5 billion acquisition.

    Now, almost two decades and a handful of multi billion dollar enterprises later, Musk is reclaiming a piece of his internet history by acquiring the defunct one-letter domain from PayPal.

    The change in ownership was first spotted by Domain Investing and has since been confirmed by the parties involved. "We are delighted to sell the domain x.com back to its previous owner, Elon Musk," a PayPal spokesperson told Business Insider, while Musk also tweeted about the purchase noting the domain holds ‘great sentimental value’ to him and that there are no immediate plans for it yet.

    Right now X.com is not resolving to any website.

    It’s unclear how much Musk spent for the domain name, which is one of just three available single-letter .com domains, but Domain Investing estimates it could be into the eight figures. For reference, as a comparable sale, Z.com sold for nearly $6.8 million in 2014.

    A quick trivia: X.com was Musk’s second-ever company. Before that he founded an online city guide called Zip2 (originally Global Link Information Network) that provided content for both The New York Times and the Chicago Tribune. In 1999 a division of Compaq bought Zip2 for $307 million in cash and $34 million in stock options. Musk pocketed $22 million from the sale.

    Permalink to story.

     
  2. Uncle Al

    Uncle Al TS Evangelist Posts: 5,155   +3,578

    Well, there goes all that savings from "reusable rocket boosters" ......
     
    Reehahs and stewi0001 like this.
  3. hahahanoobs

    hahahanoobs TS Evangelist Posts: 2,439   +862

    If you're thinking short term, yea.
     
  4. ChrisH1

    ChrisH1 TS Addict Posts: 132   +67

    He seems to have more hair these days than he does in that pic above?
     
  5. H3llion

    H3llion TechSpot Paladin Posts: 1,673   +428

    I thought you can only have minimum of 3 letters for domain names? Hence why a.com does not actually work? So no, it won't resolve to anything, nor will a.com, b.com, c.com, d.com ...
     
  6. Catweazle

    Catweazle TS Enthusiast Posts: 54   +37

    I guess you haven't gotten to z.com yet, because it works. ;)
     
  7. H3llion

    H3llion TechSpot Paladin Posts: 1,673   +428

    Oh wow, I am suprised any other domains aren't working for single character domains. I can't even enquire on buying one. I guess it's reserve to select few elites?
     
  8. Catweazle

    Catweazle TS Enthusiast Posts: 54   +37

    Apparently z.com was one of a handful that were already taken back when the rest were reserved. According to Wikipedia "In 1993, the Internet Assigned Numbers Authority (IANA) explicitly reserved all single-letter and single-digit second-level domain names in the top-level domains com, net, and org, and grandfathered those that had already been assigned."

    https://en.wikipedia.org/wiki/Single-letter_second-level_domain
     

Add your comment to this article

You need to be a member to leave a comment. Join thousands of tech enthusiasts and participate.
TechSpot Account You may also...