Elon Musk's net worth hit roughly $1.3 trillion as SpaceX shares surged toward a $3 trillion valuation after the largest IPO in history.

Elon Musk became the world's first trillionaire after SpaceX's record IPO pushed the company's valuation above $2 trillion.

SpaceX raised $75 billion in the largest IPO ever, surging 19% on day one to a $2.1 trillion valuation and making Elon Musk the world's first trillionaire.