Austin, May 21 -- Elon Musk, who already enjoys the title of world's richest person, could soon have one more feather in his cap. The Tesla and SpaceX boss could become the world's first trillionaire as his space and AI company prepares to go public.

Musk, who is the majority owner in SpaceX, will see his wealth soar and could touch the trillion-dollar mark once the shares are available for trading. Musk's control of SpaceX comes from 85% voting power that he has owing to the supervoting Class B shares that get 10 votes for every 1 vote held by Class A shares.

The rocket maker that has been in existence since 2002 has made bold bets with ambitions ranging from colonizing Mars to setting up AI data centers in space.

The shares are likel...