Elon Musk passed Jeff Bezos as the world’s richest person, again. The Tesla CEO is living large with a net worth of $219.5 billion, and according to Adam Jonas of Morgan Stanley, that might be walking around money for Musk in a few years.
Now here’s the interesting part about potentially reaching that status; the experts say it will because of SpaceX, and not Tesla.
Here’s what Jonas recently said that was first reported by Bloomberg.
“More than one client has told us if Elon Musk were to become the first trillionaire … it won’t be because of Tesla. TSLA, +0.18% Others have said SpaceX may eventually be the most highly valued company in the world — in any industry.”
The Starlink LEO satellite communications business is impressing Wall Street, and so is the steady stream of successful rocket launches and landings.
Starlink already has 500,000 customers that have paid the $99 preorder deposits for the high speed internet.
Jonas thinks SpaceX has the potential to become the highest valued company in the world, in any industry.
Here’s another quote from Jonas.
“As valuation hits an estimated ($100 billion), we wonder if anyone can catch them.”
If you are a frequent flier, here’s something that should excite you. Musk recently tweeted that Starlink has been talking to airlines about providing high-speed, reliable internet service on the plane.
Something that does not exist now.