Elon Musk could become the world’s first trillionaire, according to a prediction made by investment firm Morgan Stanley.
However, it won’t be from his highly successful electric vehicle company Tesla. Instead, it’ll likely be from his fledgling space startup SpaceX, The Guardian reports, despite the fact that Tesla’s net worth is about $850 billion, almost 30 times SpaceX’s $30 billion price tag.
Tesla became the most valuable American carmaker in 2020, eclipsing veterans such as Ford and General Motors, while SpaceX is still privately traded.
The business mogul’s personal wealth recently ballooned to $222 billion, building his lead as the richest person in the world, according to Bloomberg’s Billionaires Index.
How did Elon Musk get SpaceX to take off?
SpaceX was founded in 2002 with lofty ambitions to send humans to Mars while bringing down the cost of space travel.
To get his spaceflight ambitions off the ground, Musk attempted to buy refurbished Russian ballistic missiles. That proved to be too expensive, and working with Russian….