According to a recent Morgan Stanley analysis, Elon Musk's aerospace company SpaceX will push him over the trillion-dollar mark in the coming years.
Elon Musk, the world’s most renowned entrepreneur and the CEO of two of the world's largest companies, SpaceX and Tesla, is set to become the world's first trillionaire.
According to a recent Morgan Stanley analysis published on Tuesday, Musk has risen to prominence above the rest of the world in terms of private wealth, owing to his fortune from electric automobile company, Tesla.
The analysis estimates that his aerospace company SpaceX will push Musk over the trillion-dollar mark in the coming years. Morgan Stanley's analyst Adam Jonas strongly believes in SpaceX’s future prospects because he sees it as a collection of businesses rolled into one, including space travel, infrastructure, and Earth evaluation. However, Jonas perceives its Starlink satellite communications as the most important factor in his $200 billion capital value.
Elon Musk, the CEO of Tesla and SpaceX, has beaten both Bill Gates and Warren Buffett as the richest person on Earth. His net worth is $230 billion, equal to the collective wealth of Bill Gates and Warren Buffett. Musk momentarily overtook Amazon CEO Jeff Bezos to take the top place on the list in January, but Bezos swiftly reclaimed the top position. “I'm sending Jeffrey B. a giant statue of the digit 2,” Musk had told a global business media house.
The rivalry between the two personalities over aeronautical engineering and the future space tourism sector has been a point of controversy in the past. Blue Origin's space race faced an abrupt hurdle when it was denied a contract to build NASA's upcoming lunar mission.
In April, the US space agency awarded SpaceX a $2.9 billion contract, and Bezos' business threatened legal action. Musk reacted with an image of Blue Origin's lander design, criticizing its creation in the caption, and silently mouthing that NASA considered Blue Origin's lander "unconvincing", when talking to an American space reporter.
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 "Elon Musk is set to become the world’s first trillionaire, here's how")
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