Elon Musk.Photo: Jeff Vespa/WireImage
Elon Musk is already theworld’s richest person, but he could also become the first member of the four-comma club.
According toThe Guardian, analysts at Morgan Stanley have predicted that Musk, 50, could become the world’s first trillionaire — largely thanks to his aerospace companySpaceX.
“More than one client has told us 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.
Though humans have yet to reach Mars — one of Musk’s goals for the company — via SpaceX’sStarship, the advanced launch system already has high expectations following the success of SpaceX’sCrew Dragon.
“As one client put it, ‘talking about space beforeStarshipis like talking about the internet before Google,’ " explains Jones.
Earlier this month, the valuation of SpaceX increased to $100.3 billion, up from $74 billion in February, according toCNBC.
The valuation made SpaceX — which Musk owns about 48% of the corporation — the world’s second-biggest privately held company, perThe Guardian.
SpaceX has celebrated a number of milestones this year, including successfully launching and landing aStarshiprocket for the first time. Last month, SpaceXsent the first all-civilian crew into orbit.
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Musk is currently estimated to have a$242 billion net worth, according to the Bloomberg Billionaires Index. Tesla still remains hisbiggest asset.
Back in January, Musk overtookJeff Bezosto become the world’s richest person, only to brieflylose the title back to the Amazon billionairethe following month. Musk went on to reclaim his spot days later, following the completion of a SpaceX funding round, according toFortune.
Musk’s fortunes have rapidly increased since the start of last year.
Bloomberg reported at the time that Musk’s financial surge came as Tesla’s market share hit $500 billion, which was an all-time high for the electric automaker company.
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source: people.com
