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SpaceX could make Elon Musk the world's first trillionaire

SpaceX could make Elon Musk the world's first trillionaire

Elon Musk, the richest person in the world, with an estimated fortune of 241 billion dollars, could become the first trillionaire, has predicted an investment bank.

Analysts at Morgan Stanley predicted that Musk, who has made the most of his fortune from electric car company Tesla, could make a lot more money from his new SpaceX space exploration business.

Analyst Adam Jones estimates that SpaceX could be worth $ 200 billion, and grow even more as it exploits a range of potential industries, including space infrastructure, Earth observation and deep space exploration.

"A client has told us if Elon Musk were to become the first trillionaire ... it would not be because of Tesla. Others have said that SpaceX could eventually be the most valued company in the world, in any industry."

Jones said the SpaceX Starship rockets that could carry people and cargo to the Moon and Mars had the potential to transform investor expectations around the space industry.

"As one customer put it," talking about space in front of Starship is like talking about the Internet in front of Google. "

The company was valued at $ 100 billion in a secondary stock sale this month, making it the second largest private company in the world, after internet firm ByteDance. Musk owns approximately 48% of SpaceX.