Elon Musk ‘on track to become trillionaire and richest person in history’

Elon Musk could become the first-ever trillionaire off the back of his space travel company SpaceX, making him possibly the wealthiest person in human history.

That's according to investment bank Morgan Stanley, which predicts SpaceX could more than double in value to $200 billion dollars off the back of its rockets and satellite networks.

Analyst Adam Jones says many of his wealthy clients believe that Musk will become the first trillionaire, not off of his electric car company Tesla, but SpaceX.

"Others have said SpaceX may eventually be the most highly valued company in the world – in any industry," Jones told the Guardian.

The analyst believes that SpaceX will increase in value mostly because of its Starlink satellite broadband project.

Musk wants to put 42,000 tiny satellites around the planet in order to provide super-fast broadband to anywhere in the world.

Jones predicts that Starlink will have more than 360 million monthly subscribers by 2040, which could generate more than $130 billion dollars.

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On top of that, SpaceX rents out its reusable rockets to lots of different organisations, including NASA.

If it was doing daily launches of satellites, spacecraft, and even tourists, it could generate billions.

However, despite being the richest man in the world, Musk is still a long way off from becoming a trillionaire.

He is currently worth about $230 billion, which means he has to somehow make more than $700 billion more.

  • Elon Musk richer than Bill Gates and Warren Buffett combined as fortune soars to $230bn

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Elon Musk recently became more wealthy than Bill Gates and Warren Buffett combined, who both previously held the title of world's richest man.

On Twitter, Musk joked that "Maybe Buffett should invest in Tesla".

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