SpaceX jumped over 20 per cent in its Nasdaq debut on Friday, making the company worth more than $2 trillion US, and leading Forbes to estimate CEO Elon Musk's net worth at $1.1 trillion US. It's expected to be included in the Nasdaq 100 within weeks, making it a major holding for passive funds and ETFs that track the index.

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.

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

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

Elon Musk has become the world's first trillionaire on Friday after SpaceX made its stock market debut on Nasdaq.