"Can Wealth Grow This Much?... Musk Aims to Become Humanity's First Trillionaire"
"Elon Musk, CEO of Tesla, could become the world's first 'trillionaire'."
There are projections that Musk's net worth could reach a total of 1 trillion dollars, as SpaceX—where he is the largest shareholder—targets a corporate valuation exceeding 2 trillion dollars.
Elon Musk, Chief Executive Officer (CEO) of Tesla. Photo by Reuters and Yonhap News.
View original imageAccording to Bloomberg News on April 15 (local time), the listing of SpaceX could cement Musk's status as the world's first trillionaire and significantly increase the personal wealth of his long-time associates, including President Gwynne Shotwell.
Musk's current net worth is estimated to be about 300 billion dollars, which combines the value of his Tesla holdings and the stock options he received in 2018. Recent foreign media reports indicate that Musk owns about 40% of SpaceX. If SpaceX achieves a market capitalization of 2 trillion dollars after going public, his stake would be worth approximately 800 billion dollars. This would push Musk's total net worth beyond the 1 trillion dollar mark.
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In particular, the SpaceX IPO is expected to bring enormous gains not only for Musk but also for early investors. Bloomberg explained that Alphabet, Google's parent company, is projected to record a massive valuation gain of around 100 billion dollars from its early investment in SpaceX. Reflecting dilution from the merger with xAI, Bloomberg estimates that Google holds about a 5% stake in SpaceX. Taking this into account, Alphabet's stake would be valued at approximately 100 billion dollars.
Franco Granda, Senior Analyst at PitchBook, explained, "Those who invested in 2021 will see life-changing returns, and even if not, it will be a career-defining investment outcome. Even if you missed the opportunity to invest in SpaceX in the 2010s, if you managed to invest in any way before 2021, your returns could reach 20 times the original amount."
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