# SpaceX's board approved a compensation plan for founder Elon Musk with goals as futuristic and celestial as the company's ambitions.

*aerospace · news · 2026-04-28 · The Hindu Business Line*

## Key points

- SpaceX's board approved a pay package for Musk tied to colonizing Mars with one million people.
- Musk will receive 200 million super-voting shares only if SpaceX reaches a $7.5 trillion valuation.
- The compensation plan includes data centers in space delivering at least 100 terawatts of compute capacity.
- SpaceX and Tesla are now directly competing for Musk’s attention through unprecedented compensation packages.
- Both reward metrics stand out for requiring achievements never before accomplished in human history.

**Companies:** SpaceX, Tesla
**Countries:** United States

[Read the full story on The Hindu Business Line](https://www.thehindubusinessline.com/news/science/elon-musks-spacex-compensation-linked-to-colonising-mars-and-space-data-centres/article70917876.ece)

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