Elon Musk is one of the original co-founders of PayPal and the company just sold the Tesla CEO an X.com domain name that they owned.
The X.com domain was previously owned by Elon Musk and it was then rolled up into PayPal and owned by the company when Musk and his co-founders sold PayPal.
The purchase was recently discovered by the guys over at Domain Investing and the Tesla CEO has now confirmed he owns the domain.
Thanks PayPal for allowing me to buy back https://t.co/bOUOejO16Y! No plans right now, but it has great sentimental value to me.
— Elon Musk (@elonmusk) July 11, 2017
The Significance of X.com
X.com holds a special place in the history of online payments and in the heart of Elon Musk. Originally founded by Musk in 1999, X.com was an online payment company that later became PayPal after a merger with Confinity. The domain name X.com is not just a piece of internet real estate; it represents the early days of Musk’s entrepreneurial journey and the foundation of what would become one of the most significant financial technology companies in the world.
The sentimental value Musk mentions in his tweet is deeply rooted in his early career. X.com was one of his first major ventures after selling Zip2, a company he co-founded with his brother. The success of X.com and its evolution into PayPal was a pivotal moment that helped Musk gain the financial resources and credibility to pursue other ambitious projects, such as SpaceX and Tesla.
Potential Future Uses for X.com
As of now, Elon Musk has stated that he has no immediate plans for the X.com domain. However, given Musk’s track record of innovation and his penchant for leveraging valuable assets, it’s intriguing to speculate on what he might do with it in the future.
One possibility is that X.com could be used for a new venture related to financial technology. Given Musk’s experience and success in this field, he could potentially launch a new payment platform or financial service. Another possibility is that X.com could serve as a hub for one of his existing companies, such as Tesla or SpaceX, providing a unique and memorable domain for customer engagement or new product launches.
Moreover, Musk’s ventures often intersect in unexpected ways. For instance, Tesla’s advancements in battery technology have implications for SpaceX’s energy needs. Similarly, a new financial platform under X.com could integrate with Tesla’s automotive services or SpaceX’s space travel initiatives, creating a seamless ecosystem of Musk’s enterprises.
As yet there are no details on what Elon Musk plans to do with his X.com domain name, as soon as we get some more details, we will let you guys know.
Source Domain Investing, Techmeme
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