Way back in 1999, Elon Musk started X.com, his second-ever company.
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 X.com, a highly-desirable single-letter website address, and he can now whatever he wants with it.