Elon Musk is already a wealthy man. Perhaps that’s an understatement, as he is the world’s richest man already. He’s got a net worth of  $219.6 billion and that number is growing considerably it would seem. As the founder of both PayPal and Tesla, he was already well on his way to extreme riches, but according to recent reports, it will be SpaceX that will sent him to the stratosphere, pardon the pun.

The aforementioned report was based on a study at Morgan Stanley, conducted by analyst Adam Jones. He stated:

“More than one client has told us if Elon Musk were to become the first trillionaire … it won’t be because of Tesla,” analyst Adam Jones said, according to The Guardian…Others have said SpaceX may eventually be the most highly valued company in the world—in any industry…

“[SpaceX] is challenging any preconceived notion of what was possible and the timeframe possible, in terms of rockets, launch vehicles, and supporting infrastructure…”

SpaceX’s net worth right now is at $200 billion reportedly. Musk spoke on his approach to business, science and his wealth overall in the past:

“I operate on the physics approach to analysis. You boil things down to the first principles or fundamental truths in a particular area and then you reason up from there…The path to the CEO’s office should not be through the CFO’s office, and it should not be through the marketing department…

“It needs to be through engineering and design…I always invest my own money in the companies that I create. I don’t believe in the whole thing of just using other people’s money. I don’t think that’s right. I’m not going to ask other people to invest in something if I’m not prepared to do so myself.”

When this will happen is unclear right now, but the study shows clearly that he’s well on his way, and if he keeps up with his trips to Mars for his many clients, and makes the breakthroughs in science and technology that he hopes to, it seems as through the quadrillions may be next for this icon of the business and technology world.

Tags: Elon Musk
Domenic Marinelli

Domenic Marinelli is an author and freelance writer/journalist. Some of his work has appeared in The Sportster, E-Wrestling News, Pro Wrestling News Hub, The Recipe, babbletop.com, Guilty Eats, Par Ex News, CFL News Hub, Daily DDT, XFL News Hub, as well as other print and internet publications. He is the author of Generic V, Summer of the Great White Wolf, His Old Tapes (stories & poetry), and so many others. He lives in Montreal, Quebec, Canada. He's an avid reader and loves hiking.

Disqus Comments Loading...