Elon Musk, compared to a modern-day Thomas Edison, is on track to become the world’s first trillionaire. His net worth has soared nearly 50% year over year to an estimated $645 billion, driven by SpaceX and Tesla’s success. An IPO valued at $1.5 trillion for SpaceX could propel Musk past the trillion-dollar mark.

SpaceX, with Musk owning an estimated 42%, is the key to his trillionaire status. Recent share transactions value SpaceX at $350 billion to $800 billion, potentially making Musk’s stake worth over $300 billion. Starlink, SpaceX’s satellite internet service, has gained over 1 million new customers in under seven weeks, reaching more than 9 million users.

Musk’s wealth trajectory is also tied to Tesla, where his compensation package and shareholder-approved performance-based pay plan could add hundreds of billions in theoretical value. Tesla’s focus on AI-driven initiatives like full self-driving and robotics is expected to drive growth. SpaceX and Starlink offer the potential for sudden, transformative gains, positioning Musk for unprecedented wealth.

In addition to Tesla and SpaceX, Musk has stakes in ventures like xAI, X (formerly Twitter), Neuralink, and The Boring Company, which could further increase his financial upside and strategic influence. These ventures encompass AI, social platforms, neurotechnology, and infrastructure, reinforcing Musk’s position as a tech visionary and billionaire.

Read more at Yahoo Finance: SpaceX, Private Ventures Fuel Elon Musk’s Trillion-Dollar Dreams