Tesla, SpaceX and Starlink, are just some of the companies that have been founded and making Elon Musk rich, the flag bearer of electric and progress, and who can boast the title of the richest man in the world.
The philosopher’s stone of our times: Elon Musk with Tesla and SpaceX
Rome wasn’t built in a day, and certainly, Elon Musk’s skills and portfolio did not come from anywhere either.
It was 1 July 2003 when, together with a handful of bold people, the South African engineer founded Tesla, the famous electric company.
At the time, Musk was 32 years old, and while he had plenty of ambition and ideas to translate to the field, he had no idea how bright the company’s future would be, which was the first step for the good of the planet and his own pockets.
Nearly 100,000 employees worldwide with gigafactories in Berlin, Singapore, and Texas, 20 billion in annual sales, and the world’s largest Bitcoin corporate reserve are just some of the company’s impressive numbers.
In a Netflix documentary about the well-known entrepreneur what is striking is how much of the man is behind all this success.
Musk knows every mechanism, every production process, where each part goes and the function it has for the operation of the engineering masterpiece that are the cars with the T on the hood.
This characteristic of being immersed in every detail of his product makes it unique, but it is also made possible by the fact that behind the product in almost every project is precisely his inventive flair, genius and entrepreneur in fact.
Just as the philosopher’s stone had the ability to turn anything it touched into gold so Elon Musk succeeds in bringing each entrepreneurial venture in which he puts himself to staggering gains, the entrepreneurial ability combined with the technical ability of his studies have also led him to create masterpieces such as SpaceX and Starlink.
The ambitions of the SpaceX and Starlink projects
SpaceX is an aerospace company that is also working with the Pentagon on hypersonic rockets and ditching humans on the red planet by 2030. Starlink, on the other hand, is in the communications business and brings into orbit a myriad of satellites that make up a constellation capable of sending an internet signal even 100 Mt below ground/water to the most remote parts of the planet.
Both record staggering numbers. Hawthorne’s company turns over 2 billion a year in exponential growth, while Starlink allows any person in the world to be connected to the internet and has also been able to establish itself in logistics in the war in Ukraine where it provides connectivity to the people and military logistics after the Russian military destroyed the internet grid in an attack.
The recent quarterly report for the third period of the year has confirmed the expectations of analysts almost in full, and quite unexpectedly due to the continuing geopolitical tension in Eastern Europe, the difficulty in finding raw materials, and inflation that although declining shows no sign of stopping.
Plus 56% year-on-year sales growth and a +47 % gross profit make this the twelfth consecutive positive quarterly for the American company.
Two quarters ago, the macroeconomic situation (which was almost identical to the current one) had led Tesla’s Board of Directors to opt for the largest-ever sale of Bitcoin so as to make cash if things got bad.
The precautionary measure was well seen by analysts from a corporate perspective, and in this year’s Q3 figures the company was keen to point out that there were no further Bitcoin sales and that the sums lie untouched in the company’s wallet signifying the company’s soundness.
If we combine these numbers with the fact that according to the South African naturalized Canadian genius, the recession could end in the spring of 2024, the future looks bright in Musk’s household.
In short, whatever Musk touches as well as the philosopher’s stone turns everything into gold.
For almost two years now, Elon Musk has risen to the role of the richest man on earth by becoming the first human being in the world to have a $1 trillion portfolio.
The post Elon Musk from Tesla and SpaceX is the richest man in the world appeared first on The Cryptonomist.
