Elon Musk, the outspoken entrepreneur behind Tesla Inc. and SpaceX, is now the richest person on the planet.
A 4.8% rally in the electric carmaker’s share price Thursday boosted Musk past Amazon.com Inc. founder Jeff Bezos on the Bloomberg Billionaires Index, a ranking of the world’s 500 wealthiest people.
The South Africa-born engineer’s net worth was $188.5 billion at 10:15 a.m. in New York, $1.5 billion more than Bezos, who has held the top spot since October 2017. As chief executive officer of Space Exploration Technologies Corp., or SpaceX, Musk is also a rival to Bezos, owner of Blue Origin LLC, in the private space race.
Jan 7, 2021 09:23 EST
Space Exploration Technologies Corp. (SpaceX) is well on its way to conduct a second test of its Starship next-generation launch vehicle platform. SpaceX tested the platform s SN8 prototype in December, marking the first time that an upper-stage test vehicle flew to a high altitude from the company s facilities in Boca Chica, Texas.
Following this, the company has now conducted crucial pre-testing activities for the SN9 prototype, including a static test fire. It has also managed to secure air traffic restrictions from the Federal Aviation Agency (FAA), with both of these developments presenting strong markers of a potential second Starship high-altitude test flight.
Elon Musk, the outspoken entrepreneur behind Tesla Inc. and SpaceX, kicked off the new year by homing in on a characteristically audacious title: the richest person on the planet.
Elon Musk, founder of SpaceX and chief executive officer of Tesla Inc., arrives at the Axel Springer Award ceremony in Berlin, Germany, on Tuesday, Dec. 1, 2020. Tesla Inc. will be added to the S&P 500 Index in one shot on Dec. 21, a move that will ripple through the entire market as money managers adjust their portfolios to make room for shares of the $538 billion company. , Bloomberg
Bloomberg Elon Musk, the outspoken entrepreneur behind Tesla Inc. and SpaceX, kicked off the new year by homing in on a characteristically audacious title: the richest person on the planet.
A 2.8 per cent rally in the electric carmaker’s share price Wednesday boosted Musk to within US$3 billion of Amazon.com Inc. founder Jeff Bezos, who currently occupies the top spot on the Bloomberg Billionaires Index, a ranking of the world’s 500 wealthiest people.
The nightmare year of 2020 brought the airline industry’s first decade of sustained profitability to a shuddering halt. The coronavirus pandemic tore through in a tumultuous, unprecedented way, leaving carriers in a deep hole, along with a constellation of aerospace manufacturers, airports and leasing firms. 2021 is shaping up to be a transition year for an enterprise that takes passengers on the equivalent of 208 million annual trips around the globe. At best, the path ahead will be bumpy, with progress toward a return to travel dependent on the pace of vaccine roll-outs, access to capital, government policies and the unpredictability of a virus that’s not yet fully understood. Still, there will be leaps, including the first commercial flights to near-space.