Elon Musk is reportedly on track to become the world's first trillionaire.
According to recent projections, the continued growth of SpaceX and Tesla could push Musk's net worth beyond the trillion-dollar mark in the coming years.
Musk currently holds hundreds of billions of dollars in Tesla stock, while SpaceX continues to grow in value as it prepares for a potential public offering.
Financial experts point out that most of Musk's wealth exists as stock ownership rather than cash sitting in a bank account. In other words, his fortune rises and falls with the value of his companies.
Still, the possibility of a trillion-dollar net worth highlights the enormous impact Musk has had across the technology, transportation, and space industries.