American news magazine Time has selected entrepreneur Elon Musk as its person of the year 2021 after he became the richest person in the world and his companies Tesla and SpaceX saw their prospects improving significantly.
According to the magazine, the start-up rocket company, SpaceX, headed by the Canadian-South African businessman has left Boeing and others behind to own America’s spacefaring future by winning a contract with American National Aeronautics and Space Administration the to take astronauts to the Moon.
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His car company, Tesla, dominates in the two-thirds of the multibillion-dollar electric-vehicle market it pioneered. This October, the international car-rental giant Hertz stated that it planned to add 100,000 Teslas to its fleet.
«That has made Musk, with a net worth of more than USD 250 billion [EUR 221 billion], the richest private citizen in history, at least on paper. He’s a player in robots and solar, cryptocurrency and climate, brain-computer implants to stave off the menace of artificial intelligence and underground tunnels to move people and freight at super speeds. He dominates Wall Street,» Time wrote explaining the choice.
The US magazine has announced its selection of the person of the year since 1927.
Time magazine picks US entrepreneur Musk as person of 2021
