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Morgan Stanley: SpaceX could turn Musk into a trillionaire

Elon Musk has become the richest man in the world on several occasions during the rise of his Tesla electric car company. But what he will do as a trillionaire is his space company SpaceX, according to an analyst at Morgan Stanley, quoted by Bloomberg.

SpaceX “changes our perception of what is possible and what is not when it comes to rockets,” writes Adam Jonas of Morgan Stanley.

SpaceX currently accounts for less than 17 percent of Musk’s net worth of $ 241.4 billion, according to the Bloomberg Billionaires Index, after the company was valued at $ 100 billion earlier this month.

Jonas predicts an optimistic scenario, namely a $ 200 billion estimate for SpaceX. Musk’s business with Starlink has the greatest weight in his assessment.

Musk has been cited as the future before as the world’s first trillionaire, but this was largely due to the projected performance of Tesla shares.

During the pandemic, Tesla’s shares began to rise in price. Since the beginning of the week alone, Musk has increased his fortune by $ 6.6 billion.

The billionaire is estimated to own about half of SpaceX. According to experts, the potential of the rocket company is great, but there is still time until it turns its owner into a trillionaire.

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