India, June 13 -- SpaceX's recent IPO was a grand success. And today, it was declared that the Canadian businessman is now a trillionaire. As a result, his net worth skyrocketed.

SpaceX CEO Becomes Trillionaire

Canadian businessman Elon Musk became a trillionaire as well as the world's wealthiest man today. His valuation skyrocketed today after the grand success of aerospace company SpaceX's initial public offering (IPO). Subsequently, he was declared as a trillionaire by multiple wealth trackers. This means that Musk's on paper wealth has officially crossed $1.1 trillion in valuation.

Elon Musk Updated Net Worth: How Did His Net Worth Increase?

Elon Musk's net worth increased due to the success of aerospace company SpaceX's initial p...