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The Road to Trillionaire Status When Elon Musk's SpaceX debuts on Wall Street on Friday, the controversial tech titan will almost certainly step into the history books as the world's first trillionaire. Musk already holds the crown of the world's wealthiest man – worth roughly $696bn before SpaceX announced its record-breaking initial public offering on Thursday, according to the Bloomberg Billionaire Index. SpaceX's Record-Breaking IPO SpaceX will begin trading at a valuation of $1.77tn when it debuts on the Nasdaq stock exchange, selling 555.6 million shares at $135 each. Estimates of the value of Musk's stake range from $743bn to $866.5bn. If all goes well, Musk, who also leads Tesla, will officially cement his trillionaire status before markets close on Friday. The Scale of Musk's Wealth $1 trillion is a number so large that it stretches the limits of human comprehension. If Musk spent $1m every day, it would still take him 2,740 years to spend $1 trillion, according to UK charity Oxfam. Ranked alongside his peers, Musk will be more than three times richer than Google co-founder Larry Page, who is the world's second-richest man, according to the Bloomberg Billionaires Index, with a fortune of $304bn. Historical Context Musk will also rank among the wealthiest people of all time. While comparing wealth across history is difficult due to differences in purchasing power and standards of living, Musk is on track to command a greater share of the US economy than the 19th-century magnates who ushered in the industrial age. John Jacob Astor, who is widely regarded as the first American multimillionaire and an archetype of the self-made tycoon, was worth between $20m and $30m, or roughly 1 percent of US GDP, when he died in 1848. Philanthropy and Politics Much like Musk, the industrialists of the Gilded Age were rich beyond anything Americans had seen before. However, they were also prolific philanthropists, building hospitals, libraries, universities and museums and donating large sums to support efforts to eradicate illnesses. Musk has shown a preference for donating through intermediaries such as Vanguard Charitable and Fidelity Charitable, which specialise in donor-advised funds. The Future of Musk's Wealth Perhaps the greatest difference between Musk and his predecessors is that – at least so far – his vast wealth has done little to spur sweeping political or societal change. Daniel Waldenström, a professor of economics at the Research Institute of Industrial Economics in Stockholm, Sweden, said that while Musk is likely the richest person who has ever lived, his wealth is not carved in stone. "He faces competition and the market valuation of his corporations can change," Waldenström told Al Jazeera.