X.com was one of the world's first online banks, and deposits were insured by the FDIC. The company was initially funded by Musk and his business mentor Greg Kouri, who went on to fund Musk's later ventures, Tesla and his startup, SpaceX.
In March 2000, X.com merged with Confinity, its fiercest competitor, the new company being called X.com. Musk was its biggest shareholder and was appointed as its CEO. Also started in 1999, Confinity's product PayPal enabled users having Palm Pilots to send money to each other through its infrared ports. Subsequently, PayPal developed to allow users to send money using email and the web.
On 14 July 2017, X.com was launched again, consisting of a blank white page with one "x" in the top left corner, and a custom error page displaying a "y". The site displays this way due to having nothing in its source code except the single letter "x". In December, X.com redirected visitors to The Boring Company's website, which Musk also owns. This was done in order to advertise a hat sale.
X.com no longer redirects to The Boring Company, having reverted to the previous state of the blank page with one "x" in the top left corner. Subpages redirect to a blank page with a "y" in the same corner.
X.com is commonly confused with these other single-letter second-level domain websites, which are using X mark punycodes. Punycode is a representation of Unicode with the limited ASCII character subset used for Internet host names.
|Domain||Punycode||Name||Registered On (WHOIS)|
|☓.com||xn--33h.com||Herbert R. Sim's official URL shortcut||3 February 2005|
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