The world’s first trillionaire – RT Arabic


The world's first trillionaire


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The bank “Morgan Stanley” expects that American businessman Elon Musk will soon become the first trillionaire in the world, as projects led by the entrepreneur such as “Tesla” and “SpaceX” are experiencing rapid growth.

According to the investment bank, Elon Musk’s “SpaceX” project will provide him with the rank of trillionaire, despite the fact that “Tesla” electric cars have gained unprecedented popularity.

The success of SpaceX is attributed to ongoing projects involving the space agency, “NASA,” and Musk had previously announced plans to send a million people to Mars by 2050 in the hope of creating a “self-sufficient city” there in the event the Earth becomes unsalvageable. .

The share of “SpaceX” is about 17% of Musk’s wealth, and the wealth of the American businessman is approximately 241 billion dollars, according to the Bloomberg Billionaires Index. That’s after SpaceX was valued at $100 billion in a secondary stock sale earlier this month.

Morgan Stanley analyst Adam Jonas, who values ​​SpaceX at about $200 billion, said he views the company as multiple companies in one, spanning space infrastructure, Earth observation, deep space exploration and other industries. Its satellite communications business, Starlink, is also the largest contributor to its valuation.

Source: Bloomberg


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