business / news / / Times of India
Elon Musk has a direct financial incentive to get humans to Mars.
SpaceX's board approved a pay plan giving Musk 200 million super-voting shares for a Mars colony.
KEY POINTS
- Musk's reward requires both a permanent Mars colony of 1 million people and $7.5 trillion valuation.
- A second award gives Musk 60.4 million shares if SpaceX creates orbital data centers with 100 terawatts capacity.
- Tesla shareholders approved a $1 trillion pay package for Musk tied to robotaxi and $8.5 trillion valuation.
- There is no deadline for Musk's space reward, but no partial payout is possible.
COMPANIES
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