Reuters named Elon Musk the first dollar trillionaire in world history.

American entrepreneur Elon Musk became the first dollar trillionaire in world history after the initial public offering (IPO) of his company SpaceX. This was reported by the Reuters news agency on June 12.

Few business leaders have been as deeply rooted in popular culture as Elon Musk, an ambitious entrepreneur who became a central figure in Internet culture and amassed a fortune that made him the world's first trillionaire.

It is noted that SpaceX, which forms the basis of Musk's business empire, raised a record $75 billion during its IPO on June 11, which underscores investors' enthusiasm for the entrepreneur's projects.

"Most of Musk's fortune is now concentrated in SpaceX, where he owns a stake worth approximately $866 billion. Together with Tesla and the rest of his assets, his fortune, according to calculations by Forbes and Reuters, based on company documents, will exceed $1.1 trillion by the time stock trading begins on Friday," the agency reports.

Risky merger: why Musk combines his structures into a megacompany

The $1 trillion deal will provide a good IPO exit.

Bloomberg reported on June 4 that Musk's fortune could increase to $988 billion after the initial public offering of SpaceX shares. At that time, it was predicted that if the quotes grew by at least a few percent and reached $138 per share, Musk would become the first person in history with a fortune of $1 trillion. SpaceX plans to place about 555 million shares and raise up to $75 billion.