# SpaceX's board of directors reportedly approved a pay package that would give Elon Musk a massive payday if the company succeeds in establishing a human colony on Mars.

*aerospace · news · 2026-04-28 · New York Post*

## Key points

- SpaceX's board approved a pay package for Elon Musk with Mars colony-linked milestones.
- Musk would receive 200 million super-voting restricted shares if a colony of one million is established on Mars and SpaceX hits a $7.5 trillion valuation.
- The Mars colony goal has no set timeframe, so Musk is eligible for the award indefinitely as CEO.
- SpaceX's incentive plan also includes up to 60.4 million shares linked to launching orbital data centers for AI ambitions.
- SpaceX confidentially filed IPO paperwork targeting a $1.75 trillion valuation and a $50 billion capital raise.

**Companies:** SpaceX
**Countries:** United States

[Read the full story on New York Post](https://nypost.com/2026/04/28/business/elon-musk-set-for-major-spacex-payday-if-mars-colony-succeeds/)

---

Canonical: https://newsio.io/n/1f668f63-052d-4485-a47b-15051bfc582d/spacexs-board-of-directors-reportedly-approved-a-pay-package-that-would-give-elo
Summarized by Newsio from New York Post. https://newsio.io/how-it-works