Elon Musk’s stunning prediction of a $3.1 trillion fortune is sending shockwaves through Wall Street—is the unthinkable about to happen? The race to become the world’s first trillion-dollar titan is heating up, and the stakes have never been higher. Here’s what you need to know.
If this is true, Elon Musk’s assets would be more valuable than those of Bank of America and Procter & Gamble, which are currently on par with ByteDance or OpenAI.
In July of this year, SpaceX – Elon Musk’s brainchild in the space sector – shocked investors again when it prepared to sell about a billion dollars worth of shares as the company’s valuation reached 400 billion dollars.
This figure not only makes SpaceX one of the most valuable private companies in the world, but also puts it on par with two other tech giants: ByteDance – the owner of TikTok – and OpenAI – the center of the global hype surrounding artificial intelligence.
Even Cathie Wood’s well-known investment fund ARK Invest estimates that SpaceX’s enterprise value could reach $2.5 to $3.1 trillion by 2030.
But the most remarkable thing isn’t just the price. SpaceX, along with Tesla, xAI, and other technology companies, is becoming a new springboard that will bring Elon Musk closer to his historic goal: becoming the first person in the world to achieve a trillion-dollar fortune.
If the $3.1 trillion figure is reached, SpaceX alone could contribute more than $1.2 trillion to Elon Musk’s total wealth.
money printing machine
Elon Musk founded SpaceX in 2002 with $100 million from the profits from the sale of PayPal, building more than just a rocket company. SpaceX is his manifesto for the future of humanity—a multi-planetary future. But SpaceX is currently evolving into a massive money-making machine, as valuations continue to rise, allowing Elon Musk to amass a fortune of nearly $1 billion.
In just one year, SpaceX’s valuation has doubled, from $210 billion to $400 billion. This puts SpaceX on par with tech giants like ByteDance (TikTok’s parent company), which was valued at more than $400 billion in February, and far surpasses OpenAI (the parent company of ChatGPT), which was valued at $300 billion earlier this year.
This valuation not only gives SpaceX dominance in the private sector, but also allows it to compete with the 20 most valuable public companies in the S&P 500 and overtake well-known names like Bank of America and Procter & Gamble.
Since Musk holds around 42 percent of the shares and almost 80 percent of the voting rights, his net worth at SpaceX is now around $168 billion – almost as much as the combined wealth of many billionaires on the Forbes list.
This is all the more remarkable given that SpaceX is not yet publicly listed. Investors—from Wall Street to global technology investment funds—are still lining up for secondary acquisitions of the company, believing that SpaceX’s potential is just beginning.
SpaceX is more than just a rocket launch company. Its value is built on a diverse foundation of ambitious projects.
With its advanced reusable Falcon rocket technology, SpaceX has revolutionized the satellite launch industry, significantly reducing costs and increasing launch frequency, helping the company secure several major contracts from NASA, the U.S. Department of Defense, and global commercial customers.
In addition, analysts are particularly expecting Starlink, a project for global internet coverage via satellite, which is seen as a potential gold mine for SpaceX.
This satellite internet service is becoming a huge revenue generator. Starlink provides broadband internet to hard-to-reach areas where traditional infrastructure is limited.
With millions of subscribers and the potential for global expansion, Starlink is expected to contribute a large portion of SpaceX’s annual revenue, has even reached break-even, and is on a strong trajectory.
Furthermore, Starship is SpaceX’s crown jewel, designed to transport humans and cargo to the Moon and Mars, ushering in a new era of interplanetary space travel. Although Starship is still in the testing phase, its success will create an entirely new market and unlock tremendous value potential for SpaceX.
Beyond the Top 10
Currently, Musk has returned to the position of the richest person in the world several times over the years thanks to the price fluctuations of Tesla stock.
But unlike Tesla—where it holds about 13 percent of the shares and faces increasing competition from China and other electric vehicle manufacturers—SpaceX is its own empire, less tied to the publicly traded market and with a monopoly on government contracts, satellite launch services, and telecommunications infrastructure systems.
Combined with Tesla, the newly founded AI startup xAI (valued at around $24 billion), and other personal assets, Musk has all the ingredients to become the first “trillion-dollar person” in human history, possibly as early as 2027—if SpaceX actually takes off as expected.
Elon Musk’s net worth is currently around $400 billion, primarily from Tesla, SpaceX, X, and the new AI company xAI. Analysts point out that with an average annual growth rate of over 100%, Elon Musk could become the world’s first trillion-dollar billionaire around 2027.
SpaceX is considered a key driver, particularly with Starlink and Starship, and could even surpass Tesla in its contribution to this huge asset.
While recent controversies surrounding billionaire Elon Musk and US President Donald Trump may cause some concern, the upcoming stock trading shows that investors continue to have confidence in SpaceX’s long-term vision and execution, ignoring the risk of government contracts or the possibility of nationalization.
With SpaceX, Elon Musk is not only revolutionizing the space industry but also redefining the boundaries of personal wealth. While many still struggle with billion-dollar targets, Musk is quietly approaching the trillion-dollar mark with technology, vision, and the blazing flames of his Falcon rocket engines.
