If we put it into $100 bills, it would weigh 2.2 billion pounds or 13-and-a-half Washington Monuments. It’s enough to give every woman, man and child on the planet $126.58 (with a couple hundred million spare change).
It’s also the estimated net worth of the world’s richest man, Elon Musk, should his Space X venture take off, so to speak.
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That’s according to experts at investment firm Morgan Stanley, who believe that the company’s potential to take regular passengers into space will make it the most valuable company in the world – and Musk by far the richest person the planet has ever seen.
Already the world’s richest man
Let’s not forget that Elon Musk is unbelievably wealthy. Jeff Bezos, the magnate behind Amazon, has been one of the chief beneficiaries of the global shift online – a shift that has encompassed everything from social media to online casinos – but Musk hasn’t even needed to rely on this to rocket past him.
His Tesla range – a fleet of high-tech electric cars – has performed better than ever over the last few years. Their latest earnings report showed a nearly 13% jump in stock, with more than 16 million new stock options. Tesla’s market cap surpassed $1 trillion, with Musk owning a stake.
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That, along with smaller business ventures, has helped propel him to a current worth of $271.3 billion, making Musk the richest person in history, and around 33% richer than Bezos, his closest rival.
This, however, is a mere fraction of what he could be worth thanks to his unique SpaceX company.
‘The Google of Space’
Back in 2002, as NASA was receiving praise for launching Aqua, their latest Earth Observation Spacecraft (EOS), Elon Musk was thinking of more than observing. He was talking colonization.
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His SpaceX company, originally called Mars Oasis, tried to buy old rockets from Russia, but couldn’t agree a price. Undeterred, Musk and his growing team of specialists decided to build their own rockets instead. By 2008, their first rocket, Falcon 1, achieved a full orbit around Planet Earth. It was its fourth attempt, but it became the first liquid-fuelled craft to do so.
The next decade saw several further achievements culminating in them being the first private company to send humans into orbit, and the International Space Station in the process, in May 2020.
Its latest mission – the first-ever orbital launch of an all-private crew in September – sent the company value soaring to an estimated $100 billion. Morgan Stanley analyst Adam Jonas said it may become the ‘most highly valued company in the world – in any industry. He said its capacity to employ reusable rockets to take people and cargo on regular missions to the moon and Mars had the potential to make it the ‘Google of space’.
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What could SpaceX – and Tesla – be worth?
The unique selling point of SpaceX is its versatility. As well as space travel, it will also be the pioneer of many other related industries, including space infrastructure, Earth observation and deep-space exploration. Jonas predicted that it will soon double in value to $200 billion, but this could just be the start.
If Tesla is currently worth $1 trillion, then it seems logical to assume that SpaceX could also reach that total should regular space travel become a reality. Musk’s 54% stake would land him over half a trillion dollars if that happens.
And that’s not to mention Tesla’s growth. Forbes recently predicted a doubling in value of the world’s number 1 EV company, for several reasons.
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First, Tesla rentals could become widespread, which will open up the market to people who can’t afford to buy one. Second, the company is expanding quickly into China, opening a factory in Shanghai and receiving a popular response from consumers there. Finally, Panasonic is about to announce a new battery for Tesla vehicles, one that is both more powerful and more efficient than previous versions.
Also, let’s not forget Musk’s power to drive market values with a single tweet. His announcements, often outrageous, have caused Tesla stock – and some cryptocurrencies – to soar in the past.
If SpaceX and Tesla both reach their full potential, then Elon Musk’s current worth will seem like loose change – to him anyway.
So, what does someone with a third of a trillion dollars do with their wealth? Well, Elon Musk has declared that he will live a modest lifestyle.
In spring 2020, he promised to give away most of his physical possessions, including six Californian mansions. Instead, he chooses to live in a small ‘foldable prefabricated rental house’ in Texas, the home of SpaceX’s Starships.
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However, some media sources have dismissed this as a publicity stunt, designed to take the spotlight away from the South African entrepreneur’s extraordinary wealth. Instead of extreme downsizing, they say, maybe he should pay his correct share of taxes.
However, Musk chooses to spend his money, there’s one thing we know for sure, to have a trillionaire living among us is something that most people would have thought impossible just a few years ago.
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Erin Ward a teacher and the wife of William Ward who is a civilian employee in the US Military Department in currently behind bars was questioned about her heinous act. Erin was found naked while having sexual intercourse with a 17-year-old minor boy who is her student.
Erin Ward Gets Caught While Sexually Assaulting A Minor
Erin is currently 45 years old and the account where they were found belonged to her husband and her as per their resignation and documents which are filed. Erin’s photos are all over the news currently and she’s questioned by the police department.
William is an employee of similarity to us so little is known about his work and what he deals with. However, his commander has rebuked the media that because of his wife’s act, his license to work won’t be taken aback.
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Currently, Erin is in question. “Ward also admitted to having sexual intercourse with the driver who she indicated was a 17-year-old male student at Burke High School,” the police said.
Bond conditions have been set for Erin Ward, the Nebraska substitute teacher accused of being caught undressed with a teenage student. https://t.co/95lPO5XUV9— Dakota News Now (@dakotanews_now) April 16, 2024
Erin currently is in the Douglas County Department of Corrections where it is a safe place for her to say and to be questioned by the law investigators. this case has caught the attention of many in the industry.
The heinous act of sexually abusing a minor has caught traction on the internet and has gained massive recognition online as well.
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The part that makes this case even worse and dives deeper is, that Erin and William also have a daughter. She was found naked in an SUV near the school she teaches in. The neighbours found out and then they complained to the police, which led to the whole issue they are facing currently.
The matter is still under question and no further update has been received by the authorities or the officials yet.
Social media are flooded with an alleged statement regarding American Airlines theft. As per the recent statement, American Airlines has raised certain concerns about some of the flight attendants’ conduct, who delayed rolling for personal gain, reported TimesNow.
A screenshot depicting the theft was obtained on X by a user. Thus, it is regarded as breach of trust and regarded as theft.
The concerns and accusations circulating in the air hold the potential to ignite a feud amid the community of flight attendants, especially during ongoing contract negotiations.
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Flight attendants first bid on assignments and then participate in trip selection. Along with their monthly bidding procedure, they make extra money for extra excursions by not interfering with their already-existing commitments.
One Mile At A Time wrote that a minimum resting interval of 10 hours should be availed by the flight attendants.
As per X/@xJonNYC’s statements, “some flight attendants are purposefully booking flights knowing there scheduled be delays, taking advantage of circumstances in which last-minute assignments become available because crew members are scheduled out during significant delays.”
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The user added that the flight attendants choose flights accordingly where they would get little downtime in between assignments, despite upcoming assignments.
Theft For Financial Advantage on American Airlines
Flight attendants are not able to fulfill their responsibilities due to contractual clauses for pay protection.
The organization has taken punitive measures such as the implementation of disciplinary punishments, managerial interrogations, and possible wage deductions.
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One Mile At A Time reported that these actions are labeled equivalent to stealing and theft.
As per the statement issued by the American Airlines, the organization is addressing complaints aggressively for the time being.
The address is regarding the behaviour of flight attendants and how they took financial advantage of rolling delays.
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The American Airline emphasizes the need for flight attendants to be open regarding their trip selection. This leads to maintaining contractual commitments and integrity.
Denmark stock exchange fire video is currently all over the internet. On Tuesday morning, a huge and many fire engulfed Copenhagen’s old stock exchange located in Denmark’s capital.
The video featuring the fire incident also spread on social media everywhere.
Denmark’s Old Stock Exchange Fire Video
In the video that is circulating all over the internet, amounts of black smoke can be seen gushing out of the Bourse.
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The black flames encircled the entire Denmark Stock exchange building, making it collapse and crash onto the street.
Until now, no casualties have been reported.
The police of Denmark urged people to avoid visiting the area with fire and crumbled buildings. TimesNow reported that, when the fire broke out, people were present inside the building.
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A spokesperson from the police department told reporters that all the people were safely evacuated from the building.
As per reports by The Guardian, Troels Lund Poulsen, the deputy prime minister of Denmark, regarded the fire as a ‘Notre Dame moment’ for the country.
Jakob Engel- Schmidt, minister of culture of Denmark claimed that the “400 years of cultural legacy” of the country has been devastated.
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Jakob Engel- Schmidt went to X and wrote, “How touching it is to see how the employees at Borsen, good people from the emergency services and passers-by work together to rescue art treasures and iconic images from the burning building.”
CNN reported that the emergency personnel were trying to control the fire and it was impeding the blaze.
About Denmark’s Old Stock Exchange
Denmark’s old stock exchange was established in 1625. It is located near Christiansborg Palace, just a short stroll away.
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The Bourse was built between 1619 and 1640 and was commissioned by King Christian IV.
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