Tue. Dec 7th, 2021

Elon Musk has already become the world’s richest person on Tesla’s rise. But it will be SpaceX, rather than the hyped electric car maker, that lifts him to trillion status, according to a Morgan Stanley analyst.

The private space survey company “challenges any preconceived notion of what was possible and the time frame possible in terms of rockets, launch vehicles and supporting infrastructure,” Morgan Stanley’s Adam Jonas wrote Tuesday in a note entitled, “SpaceX escape velocity … who can capture them? ? ”

Elon Musk - his personal wealth must enter a whole new stratosphere.

Elon Musk – his personal wealth must enter a whole new stratosphere.Credit:AP

SpaceX currently accounts for less than 17 percent of Musk’s net worth of $ 241.4 billion ($ 323 billion), according to the Bloomberg Billionaires Index. And that’s after the company was valued at $ 100 billion in a secondary stock sale earlier this month.

Jonas, who has a $ 200 billion valuation for SpaceX, wrote that he sees it as several companies in one that includes space infrastructure, earth observation, deep space exploration and other industries. Its Starlink satellite communications business is the largest contributor to its valuation estimate.

Musk as the world’s first trillion has been put before – but largely due to Tesla’s expected stock development. Tesla’s red-hot race, which started last year, sent Musk’s fortune to rise, and the rise has not really slowed down. On Monday alone, it increased the founder’s net worth by $ 6.6 billion.

Loading

Musk is destined to own about half of SpaceX, so the rocket company still has a way to go before it can lift its founder on its own in a four-comma orbit.

Last month, SpaceX billionaire Jared Isaacman blew into orbit along with two competition winners and a health worker who survived childhood cancer.

It was the first chartered passenger flight for SpaceX and a major step in space tourism by a private company, the first time in 60 years of human spaceflight that no professional astronaut was aboard a runway-bound rocket.

Leave a Reply

Your email address will not be published. Required fields are marked *