According to Morgan Stanley analyst, Elon Musk has already become the world’s richest person on the dominance of Tesla Inc. But it will be SpaceX, not the hyped electric-car maker, that propels them into trillionaire status.
The “private space-exploration company” challenges any preconceived notions about what is possible and deadlines in terms of rockets, launch vehicles and supporting infrastructure, Morgan Stanley’s Adam Jonas wrote Tuesday in a note titled “SpaceX Escape Velocity.” giving. .. who can hold them?”
According to the Bloomberg Billionaires Index, SpaceX currently makes up less than 17% of Musk’s $241.4 billion net worth. And then the company was valued at $100 billion in a secondary share sale earlier this month.
Jonas, who has a $200 billion bull-case valuation for SpaceX, wrote that he sees it as several companies in one, encompassing space infrastructure, Earth observation, deep space exploration and other industries. Its Starlink satellite-communications business is the largest contributor to their valuation estimate.
Musk has been touted as the world’s first trillionaire before — but largely because of Tesla’s projected stock performance. Tesla’s red-hot run kicked off last year, boosting Musk’s net worth, and the boom isn’t really over. On Monday alone, it added $6.6 billion to the net worth of its founder.
Musk is calculated to own about half that of SpaceX, so the rocket company still has a way to go before it can lift its founder into a four-comma orbit alone.
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