The rich — Jeff Bezos of Amazon has a net worth of less than $200 billion, Microsoft Bill Gates has $132 billion — and Elon Musk, about $241 billion. But a report by Adam Jonas, morgan Stanley's head of automotive and space research, says SpaceX will help Musk become the first billionaire.
Admittedly, spaceX currently accounts for less than 17 percent of Musk's $241.4 billion net worth, according to the Bloomberg Billionaires Index, but Jonas is bullish on SpaceX. Jonas said SpaceX "challenges any prescient concept of possibility and time frame in terms of rockets, launch vehicles and supporting infrastructure." ”
SpaceX
He believes that SpaceX, which is currently worth $100 billion, will reach $200 billion. That's because he thinks it's a multi-business company. In addition to the space launch business, led by the popular reusable Falcon IX poor rocket, he sees benefits from Earth observation, space tourism, deep space exploration and other industries. The biggest factor in his valuation, though, is the Starlink Low Earth Orbit (LEO) Internet service.
Going forward, After the launch of SpaceX's next-generation super-heavy spacecraft, the SpaceX Starship, Jonas saw a much bigger development for SpaceX. Jonas argues, "Talking about space before Starship is like talking about the internet before Google." ”
Tesla, the electric car brand, will also continue to shine. The company will report its third-quarter earnings after the close of trading on Oct. 20. Even before Tesla announced its official figures, the company had already reported record deliveries and strong Sales in China that quarter, despite chip shortages and supply chain bottlenecks. Since hitting its latest low on Aug. 16, the electric giant's stock price has risen more than 35 percent. That's already nice!