Two companies, one CEO? Both Tesla and SpaceX's combined value is now half of a trillion US dollars according to a Tweet by Aaron Levie! Will Elon Musk be the next richest man on Earth some time in the future? In order to be able to answer that question, there should be a comparison with the current richest man on Earth known as Jeff Bezos.
Wild times! — Elon Musk (@elonmusk) November 20, 2020
Jeff Bezos' Amazon vs Elon Musk's Tesla & SpaceX
Amazon, the number one e-commerce company is now valued at $1.7 trillion USD according to an article by CNBC which also noted that its CEO Jeff Bezos is worth $200 billion USD as of the article's release on August 16. While Elon Musk's net worth is now at $104 billion USD, this still remains to be in a very competitive area since both companies have just recently started to do better than ever.
The story of both Tesla and SpaceX and how both companies were able to overcome near bankruptcy is something that makes Elon Musk really popular since he is functioning CEO of both companies. With two companies previously on the brink of bankruptcy to now being two of the most valued companies in the world, the CEO does get quite a lot of attention. Elon Musk has been appearing in the news a lot both when it comes to space exploration through SpaceX or when it comes to electric cars with Tesla.
Elon Musk: Tesla and SpaceX
SpaceX has been very vocal about its ultimate plan to assist NASA in sending human beings to Mars. With the recent Crew Dragon's successful launch, SpaceX has gotten even more popular as it has shown that its mass production of rockets works. Although Mars may be a long way from now, SpaceX has also been very vocal about its progress with Starlink which aims to release tens of thousands of satellites into space in order to provide internet connection to places with either problematic internet or no internet at all.
Tesla, on the other hand, has been facilitating its expansion in Europe with the new Giga Berlin getting ready to be the company's main manufacturing center within Europe. The company has previously been struggling with sales in the UK due to the complicated logistics of shipping out cars. With the Giga Berlin set up, Tesla will be able to supply the market much easier.
Read Also: Tesla's Automated Payment System for EV Destination Charging Network Runs Into Problems
Will Elon Musk be the richest man on Earth?
In order to answer this question, it is important to note that Elon Musk's net worth has only recently plummeted and although SpaceX and Tesla are doing well as of the moment, the future performance has yet to be seen. Elon Musk is currently worth a little over half of what Jeff Bezos was reportedly worth in August which means that if Elon Musk were to be the richest man on Earth, both Tesla and SpaceX would have to be worth twice as big.
Related Article: SpaceX 'Competitor' Tries to Raise $500M in Investor Round at $2.3 Billion Valuation: Can 3D Rocket Printing Beat Elon Musk?
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Written by Urian Buenconsejo
