As SpaceX shares rise higher, hitting $158.51, Elon Musk's wealth has passed $1trn

Rocketmaker SpaceX began trading on the Nasdaq Friday, boosting Musk’s fortune to an estimated $1.1 trillion.

SpaceX's record-breaking IPO catapults Musk to unprecedented wealth amid rising angst over global inequality.

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