Afghanistan, June 12 -- Elon Musk is on the verge of becoming the world's first trillionaire after SpaceX began trading on the Nasdaq, a milestone that could push his net worth beyond $1 trillion and reignite debate over wealth inequality.
SpaceX offered 555.6 million shares at $135 each, valuing the company at about $1.77 trillion. Musk, who owns roughly 42% of the company, stood to see his personal fortune rise above the trillion-dollar mark if the valuation holds.
Before the public listing, Musk's net worth was estimated at about $696 billion, already making him the world's richest person. Analysts estimate the value of his SpaceX stake alone at between $743 billion and $866 billion.
The SpaceX debut marks one of the largest public li...