- SpaceX’s chief operating officer recently told investors its Starlink project would be the “right kind of business” to take public.
- That won’t be for a few years, but if Starlink does IPO, it could be enough to rocket Elon Musk past Jeff Bezos as the world’s richest founder.
- Here is some back of the napkin math for how it could happen.
SpaceX could spin off its Starlink business into a a publicly traded company. That’s what SpaceX chief Gwynne Shotwell told investors at a private meeting in Miami.
The satellite Internet project will likely be a cash cow without being a cash furnace like Tesla (NASDAQ:TSLA) and other tech companies. It’s exactly the kind of business investors want a piece of.
But it won’t go public any time soon. Probably not for several years. If it does though, it might be the added boost Elon Musk needs to overtake Jeff Bezos in the billionaire rankings. But he’ll also need that big Tesla payout to become the richest founder in the world. Here’s the math.
Jeff Bezos’ Net Worth Is $125 billion
It moves up and down based on Amazon stock (NASDAQ:AMZN) fluctuations but Jeff Bezos’ personal net worth is something like $125 billion this week. By contrast, Elon Musk “only” has around $38 billion to his name at the moment.
So he has a long ways to go to beat Jeff. And he would leap frog several other ultra-wealthy people to get there if he does. If he gets the mother of all bonuses from the extraordinary compensation package he negotiated in 2018, Musk could get within range of Bezos. A Starlink IPO could take him the rest of the way.