Technology

SpaceX could make Elon Musk the first billionaire in history

There are the rich – Jeff Bezos of Amazon with almost $ 200 billion and Bill Gates of Microsoft with $ 132 billion – and there are the very rich, like Elon Musk, with an estimated fortune of $ 241 billion. But, according to a note written by Adam Jonas, Morgan Stanley’s head of space and automotive research, SpaceX will make Elon Musk the first billionaire, with a fortune expected to exceed $ 1 billion.

True, SpaceX accounts for less than 17% of Elon Musk’s $ 241.4 billion net worth, according to the Bloomberg Billionaires Index, but the analyst is bullish on the company. According to him, “it questions any preconceived notions of what is possible and the possible delay, in terms of rockets, launch vehicles and supporting infrastructure.”

For Adam Jonas, SpaceX, which is currently worth around $ 100 billion, will hit $ 200 billion.

A bright future for Elon Musk

The analyst arrives at this result because he considers SpaceX to be a multiple company in one. In addition to the space launch activity carried out by the popular reusable Falcon 9 rocket, it also sees good things in Earth observation, space tourism, deep space exploration, and other industries. However, the most important factor in your evaluation is the Starlink Low Earth Orbit (LEO) Internet service.

Looking ahead, Adam Jonas sees the big picture of SpaceX following the launch of SpaceX Starship, his next-generation super heavy spacecraft. According to him, “talking about space before Starship is like talking about the Internet before Google.”

Tesla, the electric vehicle brand, has also continued to perform well. The company will release its third quarter results after the close on October 20. Even before Tesla announced its official figures, the company already posted record sales for the quarter and strong sales in China, despite chip shortages and supply chain bottlenecks. Since its last low on Aug. 16, the electric car giant’s share has gained more than 35%. Not bad for two months of growth!

Source: .com

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