Elon Musk is now the richest man in the world. At present, his total assets amount to 24.1 billion dollars. Elon Musk has unveiled a record profit for electric car maker Tesla. Space research company Space XO is successful. The billionaire is on his way to becoming the world's first trillionaire. Investment bank Morgan Stanley has made such a prediction. Founded in 2002, the company has grown into a banana plant in a few years.
In 1918, John D. Rockefeller was recognized as the world's first billionaire. Hundreds of years have passed since then. Thousands of people have been added to the list of billionaires. There are even a few in the exclusive 100 billion clubs. Despite the Corona crisis, the wealth of the world's richest people has skyrocketed. Although it did not cross the billion-dollar limit. But this time around, a US investment bank has predicted that the world is going to get trillions or trillions of dollars in assets. According to the forecast, Elon Musk will be the first trillionaire in the world.
Morgan Stanley says, Space or Tesla, both companies are established in the world market. But the investment bank says SpaceX is the most expensive company in the world. The company will take people to the moon and Mars in the future with Starship's reusable rockets. Space X will change history. In the future, the market value of this company will be 20 trillion dollars and this month the market value of this company will be 10 trillion dollars. After the internet firm ByteDance, Space XE is the most expensive company in the world.
Adam Jones, an analyst at Morgan Stanley, said most of Musk's current assets came from Tesla. But this time he is going to earn a lot more from the space exploration business.
Elon Musk is going to be the first trillionaire, he said, according to multiple customers. However, not Tesla, but SpaceX will build him this wealth of billions of dollars. He also thinks that SpaceX will be the most valuable company in the world in any industry.
In a note entitled "SpaceX Running at Rocket Speed, Who Can Catch Them", Jones said that SpaceX's Starship is a reusable rocket that can carry people and goods to the moon and Mars. It is capable of taking investors' expectations of the aerospace industry to new heights.
He said one customer said that talking about space before the arrival of Starship was a lot like talking about the Internet before the advent of Google. The price of the company is constantly rising. The non-governmental organization SpaceX is showing new hope for potential industries including space infrastructure, earth observation, and deep space exploration. The company has also recently launched commercial space travel. Elon Musk has teamed up with billionaires Jeff Bezos and Richard Branson to compete in space tourism.
Elon Musk owns about 46 percent of SpaceX. Last January, he won the crown of the world's richest man, surpassing Jeff Bezos, the founder of Amazon, the world's top retailer. According to the Bloomberg Billionaires Index, his current net worth is 24.1 billion. That's about 4.2 billion more than Bezos has.
Elon Musk has been named the world's first trillionaire before. Although it is mainly due to Tesla's share performance. Last year, Tesla's share price started an upward trend, which is still going on. Tesla added 600 million to Elon Musk's assets just last Monday (October 18).
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