Wed, Dec

Elon Musk On Path To Become World’s First Trillionaire

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Elon Musk, the world’s most renowned entrepreneur and the CEO of two of the world’s largest companies, SpaceX and Tesla, is on track to become the world’s first trillionaire. Projections estimates that his aerospace company SpaceX will push Musk over the trillion-dollar mark in the nearest future. Analyst Adam Jones, while referring to (Tesla) the electric car company behind the majority of his wealth to date, said “More than one client has told us that if Elon Musk were to become the first trillionaire,,, it won’t be because of Tesla,” “Others have said SpaceX may eventually be the most highly valued company in the world in any industry,” jones added. While humans are yet to reach Mars, this is one of Musk’s dreams for the company via SpaceX’s Starship. However, the advanced launched system has high expectations after 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 earlier this month, the valuation of SpaceX increased to $100.3 billion, up from $74 billion in February.

“[SpaceX] is challenging any preconceived notion of what was possible and the timeframe possible, in terms of rockets, launch vehicles, and supporting infrastructure,” Jones added.

Bloomberg’s Billionaires Index, currently puts the business mogul’s personal wealth at $241 billion, building his lead as the richest person in the world.