Elon Musk, the world’s most famous entrepreneur and the CEO of two of the world’s top firms, SpaceX and Tesla, is on his way to becoming the first trillionaire.
According to The Guardian, Morgan Stanley analysts believe Musk, 50, will become the world’s first trillionaire, owing to his aerospace company SpaceX.
According to the analysis, Musk’s aerospace company, SpaceX, will surpass the trillion-dollar threshold in the coming years.
“More than one client has told us that if Elon Musk were to become the first trillionaire… it won’t be because of Tesla,” analyst Adam Jones told the newspaper, referring to the electric car company behind the majority of his wealth to date.
“Others have said SpaceX may eventually be the most highly valued company in the world in any industry,” Jones added.
Despite the fact that humans have yet to reach Mars via SpaceX’s Starship, one of Musk’s company’s aims, the enhanced launch system already has high expectations following the success of SpaceX’s Crew Dragon.
“As one client put it, ‘talking about space before Starship is like talking about the internet before Google,’ ” explains Jones.
According to CNBC, the value of SpaceX jumped to $100.3 billion earlier this month, up from $74 billion in February.
According to The Guardian, the valuation put SpaceX, of which Musk controls approximately 48 percent, the world’s second-largest privately held company.
This year, SpaceX has achieved a number of milestones, including the first successful launch and landing of a Starship rocket. SpaceX launched the first all-civilian crew into orbit last month.
According to the Bloomberg Billionaires Index, Musk’s net worth is presently estimated to be $242 billion. Tesla is still his most valuable asset.
According to Bloomberg, Bezos is the world’s second richest person, with a net worth of $197 billion. He is followed by Bernard Arnault ($163 billion), Bill Gates ($133 billion), and Mark Zuckerberg ($127 billion).
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