Deprecated: preg_match_all(): Passing null to parameter #2 ($subject) of type string is deprecated in /home/naija/public_html/wp-includes/media.php on line 1839

Deprecated: preg_split(): Passing null to parameter #2 ($subject) of type string is deprecated in /home/naija/public_html/wp-includes/formatting.php on line 3506

Deprecated: preg_split(): Passing null to parameter #2 ($subject) of type string is deprecated in /home/naija/public_html/wp-includes/formatting.php on line 3506

Deprecated: preg_match_all(): Passing null to parameter #2 ($subject) of type string is deprecated in /home/naija/public_html/wp-includes/media.php on line 1839

Deprecated: preg_split(): Passing null to parameter #2 ($subject) of type string is deprecated in /home/naija/public_html/wp-includes/formatting.php on line 3506

Deprecated: preg_split(): Passing null to parameter #2 ($subject) of type string is deprecated in /home/naija/public_html/wp-includes/formatting.php on line 3506
Business

Elon Musk Set to Become the World’s First Trillionaire as SpaceX Takes-off

Elon Musk Set to Become the World’s First Trillionaire as SpaceX takes-off

  • Investment firm Morgan Stanley has predicted that Elon Musk could become the first trillionaire in the world
  • There are expectations that the business mogul’s personal wealth could be aided by his space startup SpaceX
  • Musk is currently the richest man in the world, with a net worth of $242 billion, according to Bloomberg Billionaires Index

Investment Firm Morgan Stanley has tipped Tesla CEO Elon Musk to become the world’s first trillionaire.

Elon Musk

However, the wealth is not expected to come from his electric car company as most people expect but from SpaceX.

This is in spite of the fact that SpaceX is worth only a fraction of the value of Tesla Inc.

According to The Guardian, Tesla is worth $850 billion and SpaceX is valued at only $100 billion less than 8 times that.

Analysts at Morgan Stanley expect the billionaire to make much more money from his fledgling space exploration business SpaceX in the long run.

Analyst Adam Jones stated that SpaceX reusable rockets had the potential to transform expectations in the space industry.

He estimates that the privately-held SpaceX could be worth $200bn with the potential to rise even higher if it explores other industries.

At the moment, Elon Musk is the richest man in the world with a net worth of $242 billion, according to Bloomberg Billionaires Index.

The South African-born engineer recently surpassed rival Jeff Bezos who is worth $197 billion and seized the opportunity to shade the Amazon founder.

Follow Naija.fm on our social media handles FacebookInstagram, and Twitter to keep up with trending news, breaking news, entertainment news.

Show More

Related Articles

Back to top button