Elon Musk is often cited as a likely candidate to become the world’s first trillionaire. His ambitious projects, Tesla and SpaceX, are at the forefront of technological innovation and have the potential to generate immense wealth.
As of September 11, 2024, Elon Musk’s net worth is estimated at $195 billion, making him the second richest man in the world according to Forbes. The majority of his wealth is tied to his ownership stakes in Tesla and SpaceX.
Tesla’s Potential
The global shift towards electric vehicles is accelerating, driven by the need to combat climate change and advancements in battery technology.
Tesla is currently the leading electric vehicle manufacturer, and if it continues on this trajectory, its market share is expected to increase exponentially. As Ashlee Vance, the author of Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future, notes, “Musk has a singular drive for success that allows him to push boundaries in industries that are traditionally slow-moving.”
SpaceX also plays a pivotal role in Musk’s path toward trillionaire status. With contracts from NASA and its ambitious projects such as Starship, SpaceX is revolutionizing space travel and exploration.
“Musk’s vision of colonizing Mars through SpaceX could transform the space industry, unlocking trillions of dollars in the process,” explains Tim Urban, author of the blog Wait But Why, which has extensively covered Musk’s ventures.
