Elon Musk to become world's first trillionaire as SpaceX preps stock market debut

Elon Musk is on track to become the world's first-ever trillionaire as SpaceX prepares for its debut on the stock market.

The aerospace and satellite firm has officially submitted paperwork for its initial public offering (IPO) with the company to begin trading on Nasdaq under the ticker SPCX on June 12.

Market analysts anticipate the company, formally known as Space Exploration Technologies Corp., could command a valuation ranging from $1trillion (£745billion) to $2trillion (£1.49trillion).

SpaceX is widely known for manufacturing rockets, the satellite internet service Starlink, and Mr Musk's artificial intelligence (AI) firm xAI.

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