aerospace / news / / Gizmodo
Elon Musk's pay package is contingent on a few key goals ahead of SpaceX's initial public offering.
SpaceX board approved a compensation plan granting Musk 200 million super-voting shares for Mars colonization.
KEY POINTS
- 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
Summarized by Newsio from Gizmodo. How we summarize →