Edward Felsenthal is the Editor-in Chief of TIME and CEO.

Musk is the Person of Year. Few people have more impact on Earth and possibly on other planets than Musk. Musk became not only the wealthiest person in the world but was also perhaps the best example of an important shift in society.
Felsenthal goes on.

Musk’s rise is in line with larger trends. Musk and other technology titans are both part of the cause: The continuing decline of traditional institutions to favor individuals, government dysfunction that has given more power and responsibility for business and created chasms and wealth. In an earlier era, ambitions on the scale of interplanetary travel were the ultimate collective undertaking, around which Presidents rallied nations….For creating solutions to an existential crisis, for embodying the possibilities and the perils of the age of tech titans, for driving society’s most daring and disruptive transformations, Elon Musk is TIME’s 2021 Person of the Year.”
In his letter to readers, Felsenthal writes, ” Elon Musk’s spacefaring adventures are a direct line from the very first Person of the Year (then called Man of the Year), Charles Lindbergh, whom the editors selected in 1927 to commemorate his historic first solo transatlantic airplane flight over the Atlantic. For us at TIME, it has also been a year of building on the past to forge the future.”

In the cover story, which includes an exclusive interview with Musk, TIME’s Molly Ball (NYSE:), Jeffrey Kluger and Alejandro de la Garza write,

SpaceX is a startup rocket company that has surpassed Boeing (NYSE) and other companies to be America’s future spacefarer. Tesla, his car company (NASDAQ:), holds two-thirds the electric-vehicle industry it created and is worth a staggering $1 trillion. With a net worth exceeding $250 billion, Musk is the wealthiest private citizen, at least in paper. His interests include robots, crypto, and climate.
On how Musk has spent a lifetime defying the haters; now, it seems, he’s finally in position to put them in their place, Molly Ball, Jeffrey Kluger and Alejandro de la Garza continue,

Elon Unbound 2021 was the Year of Elon Unbound. SpaceX received NASA’s exclusive contract for putting American astronauts on the moon. This was in April. Musk hosted Saturday Night Live in May. In October, car-rental giant Hertz announced it planned to add 100,000 Teslas to its fleet….amid Musk’s sale of 10% of his Tesla stock, a process that roiled markets, cost him billions and should produce enough tax revenue to fund the Commerce Department for a year. A Twitter poll (NYSE:) Musk published in an affront to liberal Senators’ tax proposals on billionaires prompted the sale. While many are considered larger than life, few people deserve that title. How many of us truly exceed our life span?….How many will leave a mark on the world—much less the universe—for their contributions rather than their crimes? Musk, who was on the edge of becoming bankrupt but had been mocked only a few short years before, was widely ridiculed. Asperger’s syndrome sufferer from South Africa, Musk, who was shy and managed to overcome his traumas in childhood, is now bent on bending governments and industries. Musk sees his enormous fortune as a result of his unique ability to not only see, but also to accomplish things that others can’t, and in situations where stakes are very high.

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