While the impact on Musk’s portfolio is fantastical, the fact remains that the entrepreneur is still the wealthiest individual on the planet and is still the only trillionaire on Earth.
Other managers have highlighted SpaceX as a “once-in-a-generation” event, with an unprecedented impact in both scale and market impact. U.S. Bank’s Kaush Amin, managing director and head of private market investing, was clear on the risks (“elevated valuation, governance, and volatility”) but also its potential: “The IPO prices in long-term dominance across telecom, AI infrastructure, defense, and aerospace.”
Of course, once someone joins the billionaire club, or the hundred-billion club, or the trillionaire club, the question that follows is: “Who’s next?”
At present, Huang has a net worth of $173 billion, up $18 billion this year. Huang’s fortune is derived from the share price of the chipmaker he founded and now leads, which is up 10.5% for the year to date.
