Pakistan, June 12 -- Elon Musk has moved closer than ever to becoming the world's first trillionaire after a dramatic surge in his wealth linked to the record-breaking public offering of SpaceX.

According to recent estimates, Musk's net worth soared by an unprecedented $274 billion in a single day, pushing his total fortune to approximately $971 billion. The sharp increase came ahead of SpaceX's historic stock market debut, which is expected to value the aerospace and satellite technology company at around $1.75 trillion.

With his wealth now nearing the trillion-dollar mark, Musk requires less than $30 billion in additional gains to become the first person in history to surpass a net worth of $1 trillion.

The entrepreneur currently own...