According to a prediction by Morgan Stanley, Elon Musk could become the world’s first trillionaire. However, it is not due to Tesla.
According to the prediction, it may come due to SpaceX.
Adam Jones, an analyst with Morgan Stanley, noted that many clients of the firm believe that SpaceX may eventually be the most valuable company globally.
As per the last share sale, SpaceX value is $100 billion. However, Jones estimates that SpaceX could be worth $200 billion and rise higher. Musk owns roughly 48% of SpaceX.
SpaceX’s worth comes down to the companies ability to change any preconceived notion of what is possible. From timeframe to rockets, launch vehicles and infrastructure, SpaceX continues to push the envelope of the possible. It has not gone unnoticed, and the company is indeed the leader in the corporate space race we are now seeing.
Blue Origin and Virgin Galactic both made their inaugural flights in the summer. However, the missions were limited in scope when compared to what SpaceX delivered in September.
Last month SpaceX sent four private citizens to space without a single professional astronaut on the crew. The Inspiration4 mission saw the crew enjoy almost three days in orbit, along with completing the first orbital spaceflight with private citizens.