SpaceX could make Elon Musk world's first trillionaire, says Morgan Stanley

[Dial H For Hero]

https://www.theguardian.com/technology/2021/oct/20/spacex-could-make-elon-musk-world-first-trillionaire-says-morgan-stanley

Elon Musk, the world’s richest person, with an estimated $241bn fortune, could become the first trillionaire, an investment bank has predicted.

Analysts at Morgan Stanley forecast that Musk, who has made most of his wealth from the electric car company Tesla, could make much more money from his fledgling space exploration business SpaceX.

The analyst Adam Jones said the company, founded in 2002, was “challenging any preconceived notion of what was possible and the timeframe possible, in terms of rockets, launch vehicles and supporting infrastructure”.

He added: “More than one client has told us if Elon Musk were to become the first trillionaire ... it won’t be because of Tesla. Others have said SpaceX may eventually be the most highly valued company in the world – in any industry.”

(excerpt)

[Crowman2009]

1. That's until someone dies from his hurrying to go to Mars.

[USALiberal]

8. Maybe you need to research NASA. They had a lot of issues too.

[lagomorph777]

15. It would take more than that.

Richard Branson didn't get wiped out when he had a fatal space flight mishap.

[USALiberal]

23. Neither did NASA numerous times. Nt

[lagomorph777]

27. Apollo 1, Challenger, Columbia,

And I'm sure some less-infamous incidents (e.g. X-15 program).

[Baitball Blogger]

2. So, how much do trillionaires pay in taxes?

[Silent3]

3. Don't you mean how big are their tax credits?

We wouldn't want to "punish success", after all.

[spike jones]

4. Wealth is waste. n/t

[Moostache]

5. Does that mean when he dies we can shoot all of his "wealth" into space?

Modern day Pharaohs ... Billionaire status is not enough, must horde more cash...

Here's the REAL question - how much of the WORK to design, build and test those rockets and systems did HE DO HIMSELF? 1%? 10%? 50%? His just compensation is NOT all of the company's evaluation (which is standard way most workers get fucked and most owners do the fucking)...his real value is not in being "the risk taker", it is in building an infrastructure to harness the talents of others.

At least race horses get put out to stud or become brood mares...seems like technology race horses get used, abused and can cheerlead while their "owner" becomes a trillionaire.

Fucking disgusting. If humanity survives the 21st century, future generations will look back on this as nothing more than modern day aristocracy and vanity projects to out "Versailles" each other between Musk and Bezos and Branson and others.

Want to really impress me? Give that money to the rightful generators of the value - the engineers and technicians that actually, you know BUILT IT!!!

[USALiberal]

11. I don't think you understand that NASA is hiring SpaceX.....

So are you assuming NASA doesn’t know what they’re doing? Here’s the story….


NASA announced on Friday that it had awarded a contract to SpaceX for $2.9 billion to use Starship to take astronauts from lunar orbit to the surface of the moon. The contract extends NASA's trend of relying on private companies to ferry people, cargo and robotic explorers to space.

[Moostache]

12. Did Elon Musk do ANYTHING to earn that contract?

The NASA engineers and technicians and astronauts are the ones that make the value....not Elon Musk personally...my beef is not with technology or the people who make it a reality...it is with wealth hording asshats like Elon "I'm moving to Texas to avoid taxes" Musk...

[USALiberal]

14. Well he was smart enough to start us a rocket company when no one else did. Nt

[Dial H For Hero]

25. If SpaceX manages to pull off even half of what they're planning Musk will have his place in history

Flaws aside.

[USALiberal]

26. I 100% agree! Nt

[lagomorph777]

18. The engineers who work for Elon are apparently happy to do so.

Labor has the upper hand right now, and the space industry is hiring like mad.

[BannonsLiver]

13. Not everyone is going to fanboy over Musk.

His devotees should probably start wrapping their heads around that. It’s a dynamic that will get worse as his wealth becomes more and more toxic.

[Elessar Zappa]

16. Why are you defending such a shitty person?

He’s no friend of progressives.

[USALiberal]

17. He's an asshole, but successful and creative and smart as hell.

[lagomorph777]

19. Pretty much. Unlike most asshole billionaires, he makes a real contribution.

Not to our tax base, of course, but at least to the advancement of space exploration.

[USALiberal]

22. I agree 100% about taxes. Too many loopholes for these assholes! Nt

[Budi]

6. Welcome to Corporate Tax Free Texas, Elon!!

👎

"Millionares & Billionares & Trillionares"

[Xoan]

7. And people wonder why we've never encountered ...

a TIME TRAVELER.

[BannonsLiver]

9. He's a Bond villain.

And his tiny penis cars are hideous.

[Kid Berwyn]

10. Moon Miner

Titanium…nickel…He3…

[lagomorph777]

20. Most valuable of all: Water.

The Moon will be a key outpost for journeys to Mars and the asteroids. It will be key to enabling the mining of asteroids. Water can generate oxygen and hydrogen, for both life support and rocket fuel.

[Torchlight]

21. Nice work if you can get it.

My guess is he tells himself this new-found status is entirely merit-based.

[Patton French]

24. How many people could he lift out of poverty

And not have it impact his checkbook in the least…

[DLevine]

28. Obscene. nt