Eccentric CEO Elon Musk has already become the world’s richest person thanks to the ascendancy of his electric car maker Tesla. But observers believe it will be his fledgling space-exploration company SpaceX that pushes him to the mythical trillionaire status.
In particular, a Twitter account by the name UberFacts tweeted: “Elon Musk is predicted to become the world’s first trillionaire, thanks to SpaceX.”
Unsurprisingly, the multi-billionaire did not pass up the chance to bring up his favorite dog-inspired cryptocurrency. Musk responded, “*In Dogecoin”.
Musk currently flaunts an impressive net worth of $249 billion, per the Bloomberg Billionaires Index. The business mogul’s net worth has ballooned due to Tesla, whose stock price has leaped from strength to strength in recent months. The shares of the EV firm soared to a new lifetime high above $900 per share on Friday.
It’s quite hard to appreciate the ludicrous number a trillion dollars is when talking about someone’s net worth, so let’s put this into perspective. With the current net worth, Musk is worth more than the entire gross domestic product (GDP) of New Zealand. If he eventually joins the four-comma club, you can imagine how many countries’ GDPs he will have surpassed.
Per usual, Musk’s mention of Dogecoin was music to the ears of DOGE devotees. The crypto’s price rallied by almost 6% in the span of just an hour. At the time of publication, the joke coin is changing hands at $0.248.
Musk revealed in July that he personally owns Bitcoin, Ethereum, and Dogecoin. He is, however, known to frequently participate in the Dogecoin community. The Tesla CEO previously indicated that a Dogecoin-funded SpaceX moon mission will happen in 2022. Moreover, besides considering DOGE as a payment option, self-proclaimed Dogefather Musk is also involved in development proposals intended to improve the meme token and help it usurp Bitcoin.