📺 Stream EntrepreneurTV for Free 📺

Elon Musk's New Private Jet Is Something to Behold. But How Bad Is It for the Climate? The richest man in the world has placed an order for a Gulfstream G700, adding to his impressive fleet of four jets.

By Jonathan Small

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

Turns out that jet setter Elon Musk is quite the jet collector.

The billionaire (or billion air?) owner of Tesla, Space X, and recently Twitter, has a small fleet of four private aircraft— three Gulstreams and one Dassault.

According to a report by news website Austonio, Musk plans to add a new baby to the family. He recently ordered a Gulfstream G700, the latest model from the business jet giant. The plane is expected to be delivered to him in early 2023.

The Gulfstream G700 has an estimated price of $75 million. That sounds like a lot until you compare it to Saudi Prince Al Waleed's Airbus A380, which goes for a breezy $500 million.

Still, the G700 is something to behold. Gulfstream calls it "the most spacious, innovative, and flexible cabin in the industry." The galley boasts four living areas, seats up to 19 people, and sleeps up to 13.

The jet's Rolls-Royce Pearl engines launch it to speeds of 690 mph and can fly 27.5 hours without refueling.

Not to be left out, the pilots also enjoy a first-class travel experience. The state-of-the-art flight deck boasts ten touchscreen monitors, heads-up displays like you'd find on a fighter jet, and sidestick controls.

Gulfstream

Musk is sure to put plenty of miles on his new plaything. According to flight records obtained by The Washington Post, he took 250 trips in 2018 across Asia, Europe, Latin America, and the Middle East. Total miles traveled: 150,000.

Nice wings, bad air

But not everyone is celebrating Musk's recent purchase. Scientists and environmentalists say the climate impact of these private jets is enormous.

A 2021 study by Transport & Environment found that just 1% of people cause 50% of global aviation emissions. The math is not difficult to figure out.

Fewer people flying in bigger, carbon-emitting planes disproportionately impact the environment.

Data shows that the wealthiest 10% in the world are responsible for the same amount of carbon dioxide in a year as the poorest 10% are over in more than two decades.

Hopefully, the jet collector's next purchase will be an electric- or hydrogen-powered jet.

Jonathan Small

Entrepreneur Leadership Network® VIP

Founder, Write About Now Media

Jonathan Small is an award-winning author, journalist, producer, and podcast host. For 25 years, he has worked as a sought-after storyteller for top media companies such as The New York Times, Hearst, Entrepreneur, and Condé Nast. He has held executive roles at Glamour, Fitness, and Entrepreneur and regularly contributes to The New York Times, TV Guide, Cosmo, Details, Maxim, and Good Housekeeping. He is the former “Jake” advice columnist for Glamour magazine and the “Guy Guru” at Cosmo.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business News

A National U.S. News Outlet Is Hiring a Full-Time 'Lauren Sánchez Reporter'

The Daily Beast's new chief content officer, Joanna Coles, revealed the senior reporter opening on Instagram.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

James Clear Explains Why the 'Two Minute Rule' Is the Key to Long-Term Habit Building

The hardest step is usually the first one, he says. So make it short.

Starting a Business

He Had a Side Hustle Driving for Uber When a Passenger Gave Him $100,000 — Now His Company Is On Track to Solve a Billion-Dollar Problem

Joshua Britton is the founder and CEO of Debut, a biotechnology company that's doing things differently.

Health & Wellness

You Won't Be a Successful Entrepreneur Until You Adopt These 3 Habits

Being an entrepreneur is a marathon, not a sprint!

Starting a Business

Most People Have No Business Starting a Business. Here's What to Consider Before You Become an Entrepreneur

You need to find the right business opportunity at the right time and take the right steps to beat the odds.