In July 2020, Musk’s net worth surpassed the market cap of Toyota, the world’s second-largest automaker.
This week Tesla surpassed the $1 trillion market cap. And joined the ranks of mega-companies including Apple, Microsoft, and Amazon. Musk celebrated the milestone on Twitter, tweeting out the message “Wild $T1mes!” to his 61.4 million followers.
SpaceX going up
“More than one client has told us if Elon Musk were to become the first trillionaire … it won’t be because of Tesla,” analyst Adam Jones said. “Others have said SpaceX may eventually be the most highly valued company in the world—in any industry.”
In total, Musk has added $119 billion to his fortune so far this year. This is based on Tesla’s strong stock performance. And a recent share sale at SpaceX, which he also founded, added $11 billion to his net worth and boosted the company value to $100 billion.
SpaceX is still privately held. It is currently valued at about $200 billion. But it is on the cusp of future potential growth. With Musk’s recent satellite launches, space infrastructure, and deep space exploration the sky’s the limit!
