India, June 12 -- Elon Musk, the world's richest person, has reportedly become the world's first trillionaire after shares of his rocket company SpaceX surged sharply on their first day of trading.

The stock jumped 11 per cent to $150 before climbing further to around $167, pushing SpaceX's valuation to approximately $2.18 trillion, according to market estimates.

The surge in valuation propelled Musk's net worth past the trillion-dollar mark, driven primarily by his holdings in SpaceX and Tesla.

Musk's fortune spans multiple high-value ventures

Musk's wealth is largely tied to his stakes in Tesla, Inc. and SpaceX, along with other ventures including:

He has long held the position of the world's richest individual, first overtaking Am...