aerospace / news / / New York Post
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.
SpaceX's board approved a pay package for Elon Musk with Mars colony-linked milestones.
KEY POINTS
- 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.
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