aerospace / news / / The Hindu Business Line
SpaceX's board approved a compensation plan for founder Elon Musk with goals as futuristic and celestial as the company's ambitions.
SpaceX's board approved a pay package for Musk tied to colonizing Mars with one million people.
KEY POINTS
- 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
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