Elon Musk Just Made $25 Billion In One Day

Elon Musk is on a roll. The SpaceX and Tesla founder is right behind Jeff Bezos in terms of net worth. Jeff Bezos has a net worth of $180 billion. The recent surge in Tesla shares lifted Musk’s net worth to $174 billion. Tesla’s stock price increased by 20% in one day. That spike increased Tesla stock by more than 19%. Tesla stock sells for more than $670 a share price. But that amount changes daily.

The battle for the richest person in the world title is not new. Bezos and Musk’s net worth bounce up and down due to the value of their stocks. Bouncing up and down seems to be the way Musk likes to roll in the business world. Musk is also the founder of The Boring Company and the co-founder of Neuralink and OpenAI.

Elon hit the jackpot when he decided the world needed an online bank like PayPal. Musk walked away from PayPal with millions, and he decided to jump into the electric vehicle business using the Tesla name. Nicola Tesla is the Serbian-American electrical engineer who invented the alternating current electrical system.

Mr. Musk is also the founder and chief designer of the Space Exploration Technologies Corporation. In 2002, Musk decided to call his new space technology company SpaceX. Hawthorne, California-based SpaceX is a space transportation service and an aerospace manufacturer.

SpaceX developed the Dragon cargo spaceship as well as several launch vehicles. Plus, SpaceX developed the Starlink satellite system. But Musk’s main mission is to reduce space transportation costs in order to colonize Mars.

SpaceX gained a lot of credibility in the space exploration industry when the Dragon 2 spacecraft flew humans to the international space station. Musk’s latest space endeavor is an antenna that will connect RVs and trucks to the satellite Internet network. Musk told the press the antenna is unable to connect Tesla vehicles to Starlink. The user terminal is too large. The new antenna is for large trucks, aircraft, and ships.

Mr. Musk recently asked the Federal Communications Commission for authorization to begin connecting the antenna for use. Musk needs FCC authorization to link the antenna to moving vehicles service, according to a CNBC report.

Starlink is SpaceX interconnected Internet network. The network has thousands of satellites that can deliver high-speed service to consumers around the globe. A network with that many satellites in operation is what the space industry calls a constellation.

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