Elon Musk has become the first person to cross the trillionaire threshold, at least on paper, after SpaceX priced its blockbuster initial public offering at $135 a share. Before the IPO, Musk was worth an estimated $813 billion, a fortune more than twice as large as the planet's second-richest person, Google co-founder Larry Page, who is worth an estimated $288 billion, according to Forbes. SpaceX formally setting its stock price at $135 boosted Musk's fortune to just over $1 trillion. The shares, which will trade under the ticker symbol "SPCX," are poised to begin trading on Friday after the Nasdaq Composite index opens at 9:30 a.m. If SpaceX rises above $135 per share, Musk's wealth will climb further, though he could fall below the trillionaire threshold if the stock sinks.

Elon Musk SpaceX IPO: Elon Musk is on the cusp of becoming the world's first trillionaire as SpaceX prepares for its massive $75 billion IPO. With SpaceX valued at $1.77 trillion,…

Elon Musk is on the verge of becoming a trillionaire thanks to the record-breaking IPO price, which also minted a new billionaire and boosted the fortunes of many others.

Elon Musk is on the verge of becoming the world's first trillionaire as SpaceX completed what is being described as the largest initial public offering (IPO) in history. The…

Musk's fortunes were boosted from $813 billion to over $1 trillion, sending SpaceX into the ranks of the world's most valuable companies.