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X.com was an American online bank founded by Ed Ho, Harris Fricker, Elon Musk, and Christopher Payne in 1999 in Palo Alto, California. It merged with competitor Confinity in 2000 and the merged company changed its name to PayPal in 2001.
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The name "X" dates back to X.com, an online bank co-founded by Musk in 1999. In March 2000, X.com merged with competitor Confinity to create PayPal. [13] Musk considered forming a holding company named "X" for Tesla, Inc. and SpaceX in August 2012. [14] In July 2017, Musk reacquired the domain X.com, for an undisclosed amount, from PayPal. [15]