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Elon Musk will be a billionaire with SpaceX, not Tesla, says Morgan Stanley

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Elon Musk was previously considered the world’s first trillionaire because of Tesla’s projected performance

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.

(Except for the title, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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