Latest news of the domain name industry

Recent Posts

Billionaire Elon Musk reacquired

Kevin Murphy, July 11, 2017, 15:52:43 (UTC), Domain Sales

Billionaire entrepreneur and PayPal founder Elon Musk has reacquired the domain name for an undisclosed sum. was the domain he acquired in 1999 and originally used for PayPal, before its 2001 rebrand.
Musk, who currently runs private space travel trailblazer SpaceX, confirmed the purchase in a tweet today:

The deal was first spotted by domainer/blogger Elliot Silver, who noticed the Whois change.
Musk also seemed to say in a subsequent tweet that he had originally bought back from its original owner in 1999 for stock in the nascent company, which 18 years later would presumably be worth an absolute fortune.

While the price of the 2017 purchase was not disclosed, one has to assume it would be worth millions; pocket change to a man reportedly worth over $15 billion today.

Tagged: , , ,

Comments (2)

  1. Acro says:

    Musk’s corporate $15 billion don’t translate a matching liquidity. His personal net worth is $2.4 billion.
    My guesstimate is the deal was under $5 million.
    We’ll have to wait for PayPal to file its financials next year.

    • Kevin Murphy says:

      In general, does the reported net worth of business folk and celebrities usually equal their liquidity?

Add Your Comment