Tesla CEO Elon Musk is expected to become the world’s first “Trillionaire” through the listing of sp..

Tesla CEO Elon Musk is expected to become the world’s first “Trillionaire” through the listing of space exploration company SpaceX. Analysts say Musk’s assets will reach unprecedented levels in human history as astronomical asset growth is predicted in the space industry following electric vehicle company Tesla.

Citing its own “billionaire index,” Bloomberg reported on the 11th (local time) that Musk’s assets could more than double the current level if SpaceX, led by Musk, succeeds in an initial public offering (IPO) next year. SpaceX, which is mentioned in the market, has a corporate value of 1.5 trillion dollars (about 2,100 trillion won).

According to Bloomberg, if SpaceX enters the stock market with a value of 1.5 trillion dollars, the value of Musk’s stake in SpaceX (about 42%) is estimated to exceed 625 billion dollars (about 890 trillion won). This is a nearly five-fold jump from his current SpaceX stake valuation of about $136 billion.

In this case, Musk’s total assets will rise vertically from about $460.6 billion to $952 billion (about 1,360 trillion won). This is the sum of the shares held by other companies, including Tesla, and is close to reaching the “$1 trillion in assets,” which is called the dream number. Currently, Musk’s stake in SpaceX is estimated to be about 42%, combining data from the U.S. Federal Communications Commission (FCC) report and the dilution rate of stake in the recent funding round.

Bloomberg evaluated that the scenario opened a clear path for Musk to become the “world’s first trillianaire.” The first path is Tesla’s astronomical compensation package, which was confirmed last month.

However, challenges remain for both routes. First of all, for the Tesla compensation package, Tesla needs to achieve a very aggressive goal for Musk to fully exercise his stock options (stock options). Specifically, Tesla’s market capitalization should rise to $8.5 trillion from the current $1.5 trillion level, and its operating profit before interest, taxes and depreciation should also reach $400 billion.

The SpaceX listing scenario is also not just a rosy prospect. The corporate value of $1.5 trillion is close to $1.7 trillion recorded by Saudi Arabia’s state-owned oil company Aramco when it was listed in 2019. At that time, Aramco’s annual sales reached about $360 billion just before it went public. On the other hand, SpaceX’s estimated sales this year are only about $15 billion. Controversy over “overvaluation” may arise in that a company with one-tenth of Aramco’s sales volume should be recognized for a similar ransom. [Silicon Valley correspondent Wonho-seop]