Elon Musk is on the verge of becoming the world's first trillionaire, with the planned stock market listing of SpaceX expected to push his fortune close to the $1 trillion mark.
According to Bloomberg calculations, SpaceX is expected to offer shares at $135 in its upcoming initial public offering, although the pricing has not yet been officially confirmed.
At that valuation, Musk's net worth would rise to an estimated $988 billion, just $12 billion short of the symbolic $1 trillion threshold.
A further increase of just 2.2% in SpaceX's share price after the flotation, bringing it to around $138 per share, would make Musk the first person in history with a fortune exceeding $1 trillion.
The SpaceX IPO is expected to take place in mid-June and is likely to be one of the most closely watched market debuts in recent years.
The company has become a dominant player in the commercial space industry through its rocket launches, satellite internet network Starlink and contracts with NASA and the US government.
Financial markets have increasingly speculated that a successful listing could further cement Musk's position at the top of global wealth rankings.
