Elon Musk, the world’s richest person is estimated to have a net worth of $242 billion, according to the Bloomberg Billionaires Index. Although he is already the world’s richest person, he could also become the first member of the four-comma club.
According to The Guardian, analysts at Morgan Stanley have predicted that Musk, 50, could become the world’s first trillionaire — largely thanks to his aerospace company SpaceX, People.com reports.
“More than one client has told us that if Elon Musk were to become the first trillionaire… it won’t be because of Tesla,” analyst Adam Jones told the newspaper, referring to the electric car company behind the majority of his wealth to date.
“Others have said SpaceX may eventually be the most highly valued company in the world — in any industry,” Jones added.
Though humans have yet to reach Mars — one of Musk’s goals for the company — via SpaceX’s Starship, the advanced launch system already has high expectations following the success of SpaceX’s Crew Dragon.
“As one client put it, ‘talking about space before Starship is like talking about the internet before Google,’ ” explains Jones.
Earlier this month, the valuation of SpaceX increased to $100.3 billion, up from $74 billion in February, according to CNBC.
The valuation made SpaceX — which Musk owns about 48% of the corporation — the world’s second-biggest privately held company, The Guardian states.
SpaceX has celebrated a number of milestones this year, including successfully launching and landing a Starship rocket for the first time. Last month, SpaceX sent the first all-civilian crew into orbit.