$1,000,000,000,000? Elon Musk could become the world’s first trillionaire due to SpaceX

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Elon Musk could become the world’s first trillionaire, according to a prediction by investment firm Morgan Stanley.

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However, it won’t be from Tesla, his hugely successful electric vehicle company. Instead, it will likely be from their budding space startup SpaceX, Guardian report, despite the fact that Tesla’s net worth is approx. $850 billion, about 30 times that of SpaceX $30 billion price tag.

Tesla became the most valuable US carmaker in 2020, surpassing giants such as Ford and General Motors, while SpaceX is still privately traded.

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The business mogul’s personal wealth recently rose to $222 billion, taking his lead as the world’s richest person. Bloomberg’s Billionaires Index.

How did Elon Musk get to land SpaceX?

SpaceX Founded in 2002 with the high ambition of sending humans to Mars while reducing the cost of space travel.

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To get his space flight ambitions off the ground, Musk attempted to purchase refurbished Russian ballistic missiles. This proved too costly, and the Russian authorities were difficult to work with.

The evolution of SpaceX: How Elon Musk took SpaceX from one idea to the pinnacle of history

“After my second or third visit from Russia, I was like, ‘Wow, there must be a better way to solve this rocket problem,'” Musk said. 2018 South by Southwest Conference in Austin, Texas. “So we began that journey to build SpaceX.”

At the same time, according to NASA Director Phil McAllister, NASA was relying on Russian Soyuz spacecraft and paying about $80 million for each seat.

After SpaceX’s Falcon 1 failed to reach orbit three times, but succeeded on its fourth attempt, its upstart company was strapped for cash and turned the page in its final chapter.

At that time, NASA and SpaceX decided to enter into a mutually beneficial partnership.

Two days before Christmas 2008, NASA announced SpaceX was awarded a $1.6 billion contract to supply the International Space Station, now known as Commercial Resupply Services.

“We’ve been working with SpaceX and Boeing on their systems for the past ten years, transferring some of our knowledge about 60 years of human spaceflight to those companies, and helping them grow economically and technologically.” helping,” McAllister says.

The partnership has paid off for NASA. McAllister says a seat that originally cost $80 million on a Soyuz spacecraft now costs about $58 million on SpaceX’s rocket.

Recently, SpaceX launched Your first all-civilian crew in orbit. For three days, a physician’s assistant, an engineer, a professor, and a billionaire orbited the Earth in a rocket called Inspire 4.

The future of civilian space travel: William Shatner went to space. Here’s how much it will cost you.

Florida TODAY’s Emre Kelly and Granthshala’s Scott Gleason contributed. has contributed. Michelle Shen is a Money & Tech digital reporter for USA Today. You can reach me on Twitter @michelle_shen10.

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