Elon Musk is on the brink of becoming the world's first trillionaire next week, as the planned initial public offering of SpaceX in the United States is set to push the Tesla chief executive's total net worth to an estimated $1.11 trillion, according to figures cited by CNN.
Musk's companies, led by electric car maker Tesla and rocket and artificial intelligence firm SpaceX, underpin his fortune. He already controls about $273 billion in Tesla stock and options. If the SpaceX IPO goes ahead at the valuations bankers are now touting, he would own nearly half of a company that public markets are expected to price at roughly $1.77 trillion, handing him a further $841 billion on paper. It would mark a level of individual wealth without precedent in modern capitalism.
