Bust of Elon Musk [Reuters=Yonhap News]

Elon Musk (54) has set a new record as the world's first "trillionaire" simultaneously with the first trading day after SpaceX's IPO.

Bloomberg News reported on the 12th (local time) that as SpaceX began trading on Nasdaq at $150 per share, Elon Musk's total net worth reached $1.05 trillion, equivalent to 1,594 trillion Korean Won.

Bloomberg explained that this is comparable to Switzerland's Gross Domestic Product (GDP).

Furthermore, compared to the world's second-richest person, Google co-founder Larry Page, Musk's assets were found to be more than three times greater.

Elon Musk on a Times Square billboard [UPI=Yonhap News]

With the push for SpaceX's IPO, it was considered only a matter of time before Musk would ascend to trillionaire status.

Musk is the founder, largest shareholder, and CEO of SpaceX, which he established in 2002. His SpaceX shares currently account for approximately 70% of his net worth.

Bloomberg analyzed that Musk's net worth would exceed $1 trillion as soon as SpaceX's stock price surpassed $141 per share.

The opening price on this day was $150, and after rising to $168.75 during trading hours, it has been fluctuating.

Based on the opening price, SpaceX's market capitalization was recorded at $2.12 trillion.

As a result, it has secured the 6th position in terms of enterprise value, following Nvidia, Alphabet (Google's parent company), Apple, Microsoft, and Amazon.

The largest portion of his remaining assets comes from Tesla, the electric vehicle company he founded and currently leads.

Tesla's stock price has increased by 35,000% since its IPO in 2010, and it is considered the driving force behind Musk's rise to global wealth.