As the Jan. 19 date for a TikTok ban approaches, another name is emerging as a potential buyer: SpaceX and Tesla CEO Elon Musk, who already owns X.

The GIF-like viral video app that gave the world Logan Paul and Shawn Mendes had 200 million users at its peak

The U.S. Supreme Court heard oral arguments last Friday from TikTok, which claims the ban is a breach of American's First Amendment rights. And after more than a week, the court handed down its decision to uphold law that could ban TikTok in the U.S.

Looming over the Supreme Court's TikTok decision is what could happen after Donald Trump takes office. Trump promised to "save" the popular platform.

Incoming national security adviser Mike Waltz says that the federal law that could ban TikTok by Sunday also “allows for an extension as long as a viable deal is on the table.”

TikTok went off from American devices on Sunday, January 20 as the ban imposed on the Chinese-origin application came into being. The app owner ByteDance went to the US Supreme Court, to only not find any relief from the top court in the US.

TikTok blocked access to American users late Saturday night, just hours before a law banning the popular video-sharing platform was set to go into effect.  “A law banning TikTok has been enacted

As a last resort, the platform is preparing for a total shutdown Sunday, the day a U.S. ban is set to go into effect if the Supreme Court doesn’t overrule it.

Reports about Chinese officials eyeing Musk as the buyer of TikTok’s U.S. operations are “not a total shock” given Musk’s relationship with Trump, says Wedbush analyst Dan Ives.

TikTok denied a report that China is exploring a sale of the app to Elon Musk to keep TikTok operational in America amid a looming U.S. ban.

TikTok has cemented itself as a quintessential entertainment app, offering everything from funny skits and makeup tutorials to social commentary and news.

President-elect Donald Trump, who once called to ban TikTok, has since pledged to keep it available in the U.S.