Morgan Stanley: "Musk Could Become SpaceX's First 'Trillionaire' as Company Grows"

▲Elon Musk, CEO of Tesla and SpaceX [Image source=AP Yonhap News]

[Asia Economy Reporter Kwon Jae-hee] Elon Musk, CEO of the American electric vehicle manufacturer Tesla, who ranked first in the global billionaire rankings, is expected to join the ranks of the first "jo-man-jang-ja" (billionaire with assets exceeding 1 trillion dollars) thanks to the growth of his space exploration company SpaceX.

On the 19th (local time), according to Bloomberg News, Adam Jonas, an analyst at the American investment bank Morgan Stanley, claimed this in a report titled "SpaceX's Escape Velocity: Who Can Catch Them?"

Musk owns about half of SpaceX's shares.

The valuation of the unlisted company SpaceX was estimated at 100 billion dollars (approximately 117 trillion won) during a partial share sale earlier this month.

However, analyst Jonas estimated that SpaceX's value could reach up to 200 billion dollars (approximately 235 trillion won).

This is because SpaceX is closer to a conglomerate of several companies spanning multiple industries such as space infrastructure, Earth observation, and deep space exploration rather than a single company.

Among these, he said the Starlink satellite internet business holds the greatest value, stating, "SpaceX is challenging all existing notions about what is possible and by when regarding rockets, launch vehicles, and support infrastructure."

Although there have been previous forecasts that Musk could become a jo-man-jang-ja with assets exceeding 1 trillion dollars (approximately 1,178 trillion won), the focus was mainly on Tesla's growth, and SpaceX received relatively little attention.

According to the billionaire index compiled by Bloomberg, Musk's net worth is currently estimated at 241.4 billion dollars (approximately 284 trillion won). The proportion of SpaceX shares in Musk's assets is about 17%.

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