# Elon Musk's pay package is contingent on a few key goals ahead of SpaceX's initial public offering.

*aerospace · news · 2026-04-30 · Gizmodo*

## Key points

- SpaceX board approved a compensation plan granting Musk 200 million super-voting shares for Mars colonization.
- Musk’s pay package requires SpaceX to hit a $7.5 trillion valuation and 1 million people on Mars.
- Additional incentives include 60.4 million shares for meeting data center goals of 100 terawatts processing power.
- Board’s valuation targets for Musk’s compensation are not tied to a specific timeline.

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

[Read the full story on Gizmodo](https://gizmodo.com/elon-musk-will-earn-a-company-bonus-if-he-drops-a-million-colonists-on-mars-2000752661)

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