There is a possibility that the wealth of the world’s richest person could double. This could happen if Elon Musk’s company, SpaceX successfully goes public with a market valuation of $1.5 trillion.
Elon Musk owns a significant share of this company, and if its shares are sold at a valuation of $1.5 trillion, Musk’s wealth will increase enormously. This estimate does not include his stakes in Tesla and other companies.
According to reports, Musk’s total wealth could reach $952 billion making him nearly twice as wealthy as he is at present. Currently, Elon Musk’s net worth stands at $465 billion and this development would bring him very close to becoming the world’s first trillionaire.
A trillionaire is someone with one trillion dollars and Musk could potentially achieve this goal by 2026. Although Tesla has also approved a compensation package worth one trillion dollars for him receiving that amount depends on Musk meeting certain performance milestones.
Elon Musk owns 42% of SpaceX. Regardless of whether Musk becomes a trillionaire through Tesla or SpaceX, he will still face major challenges:
- To receive Tesla’s compensation package, he must meet specific goals such as increasing the company’s market value to $8.5 trillion up from the current $1.5 trillion.
- Achieving a $1.5 trillion valuation for SpaceX will also be difficult and would require a substantial rise in the company’s revenue.
SpaceX which manufactures rockets also operates the Starlink satellite internet service.
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