Home / News I have a News Tip

PayPal Sells X.com Back to Its Previous Owner, Elon Musk

In February 2001, PayPal's founder Elon Musk changes the name of the company from X.com to PayPal. In October 2002, PayPal was acquired by eBay for US $1.5 billion in stock. Source: Wikicommons
PayPal's corporate communications director confirmed that the company has sold the domain X.com back to its previous owner, Elon Musk. Elliot Silver from DomainInvesting.com reports: "X.com is one of the few single letter .com domain names, and I would argue that it is one of the most valuable domain names. ... I recently detected a Whois change involving the X.com domain name. For many years, X.com was registered to PayPal Inc. ... Late yesterday afternoon, Amanda Miller, Director of Corporate Communications at PayPal, confirmed that the company sold the domain name ['back to its previous owner, Elon Musk']. ... Because PayPal is a publicly traded company, and because I presume this domain name is likely worth into the 8 figures, it is possible that there will be a subsequent SEC filing that mentions the sale of this domain name."

Update / July 11: Elon Musk tweets a statement on the domain buy back: "Thanks PayPal for allowing me to buy back X.com ! No plans right now, but it has great sentimental value to me."

Related topics: Domain Names

 
   

Don't miss a thing – get the Weekly Wrap delivered to your inbox.

Comments

To post comments, please login or create an account.

Related Blogs

Related News

Explore Topics

Dig Deeper

Afilias

DNS Security

Sponsored by Afilias
Verisign

Cybersecurity

Sponsored by Verisign
Afilias Mobile & Web Services

Mobile Internet

Sponsored by Afilias Mobile & Web Services

Promoted Posts

Now Is the Time for .eco

.eco launches globally at 16:00 UTC on April 25, 2017, when domains will be available on a first-come, first-serve basis. .eco is for businesses, non-profits and people committed to positive change for the planet. See list of registrars offering .eco more»

Industry Updates – Sponsored Posts

Global Domain Name Registrations Reach 330.6 Million, 1.3 Million Growth in First Quarter of 2017

.TECH Gets Its Big Hollywood Break

Why the Record Number of Reverse Domain Name Hijacking UDRP Filings in 2016?

UDRP: Better Late than Never - ICA Applauds WIPO for Removing Misguided 'Retroactive Bad Faith'

The Rise and Fall of the UDRP Theory of 'Retroactive Bad Faith'

.PRESS Supports Press Freedom Day for 3rd Consecutive Year

5 Afilias Top Level Domains Now Licensed for Sale in China

Radix Announces Largest New gTLD Sale with Casino.Online

2016 Year in Review: The Trending Keywords in .COM and .NET Domain Registrations

Global Domain Name Registrations Reach 329.3 Million, 2.3 Million Growth in Last Quarter of 2016

A Look at How the New .SPACE TLD Has Performed Over the Past 2 Years

MarkMonitor Supports Brand Holders' Efforts Regarding .Feedback Registry

8 Tips to Find Your Perfect .COM Domain Name

Why .com is the Venture Capital Community's Power Player

Radix Launches Startup League at TechCrunch

Celebrating One Year of .online

LogicBoxes Launches the New Elite Reseller Program

Effective Strategies to Build Your Reseller Channel (Webinar)

Facilitating a Trusted Web Space for Financial Service Professionals

.STORE Grosses Over $1 Million Before the Close of Day 1