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SpaceX ties Elon Musk compensation to Mars colonisation goal.
SpaceX's new compensation plan for Elon Musk is tied to a $7.5 trillion valuation and Mars colonisation.
KEY POINTS
- Musk will only receive stock rewards if SpaceX achieves unprecedented milestones, with no guaranteed payout.
- A separate performance goal involves operating space-based data centres providing at least 100 terawatts of compute capacity.
- This newly revealed package uniquely uses non-financial targets, unlike almost any other CEO compensation plan.
- The plan may create strategic tension between SpaceX and Tesla, both seeking Musk's attention and focus.
COMPANIES
Summarized by Newsio from CNBC TV18. How we summarize →