Elon Musk has become the first person in the world to surpass a net worth of $1 trillion, driven by a surge in SpaceX’s stock value. The milestone was reached following the rocket manufacturer’s increased activity in the stock market on Friday. A significant rise in SpaceX share prices propelled Musk’s total wealth to $1.11 trillion. According to Bloomberg’s Billionaires Index, this solidifies Musk’s position as the world’s wealthiest individual. The increase is attributed to the success of both SpaceX and Tesla, companies founded by Musk. This achievement marks a historic moment in financial history, placing Musk in an unprecedented wealth bracket. Further details regarding the market activity were reported Friday.