Elon Musk predicts money will become irrelevant due to AI and robotics

Elon Musk, CEO of Tesla and SpaceX, has stated that traditional currency may eventually lose its relevance as humanity transitions toward a multi-planetary economy. Musk predicts that advancements in artificial intelligence and robotics will drive an era of extreme material abundance, making conventional money unnecessary.

In this future scenario, Musk suggests that value will instead be measured by physical metrics such as mass, wattage, and energy. He envisions a technological loop where abundant solar energy powers robotic manufacturing, which in turn enhances AI and energy production capabilities.

Addressing his own vast wealth, Musk noted that his net worth is primarily tied to his holdings in SpaceX and Tesla, which he maintains to preserve voting control. He anticipates that his wealth will be subject to significant taxation and will diminish over several generations. Musk also expressed a desire for his foundation to use his assets to promote sustainable energy on Earth and the expansion of life to other planets.