SpaceX Ties Musk’s 200 Million-Share Award to Mars Colony and $7.5 Trillion Valuation

SpaceX has approved a significant compensation package for its founder, Elon Musk, contingent upon ambitious future achievements. The plan, disclosed in a confidential SEC filing, grants Musk up to 200 million super-voting restricted shares. These shares will only vest if SpaceX reaches a market capitalization of $7.5 trillion and establishes a permanent Mars colony with at least 1 million residents. An additional award of up to 60.4 million restricted shares is tied to separate valuation targets and the operation of space-based data centers with substantial compute capacity. These awards carry no fixed timeline beyond Musk's continued employment, and he receives no shares if the targets are not met. His base salary remains unchanged at $54,080 per year. The filing also indicates that Musk will retain control over his leadership positions, as he can only be removed by the vote of Class B shareholders, which he will control after an IPO. SpaceX is reportedly preparing for an IPO with a target valuation of up to $1.75 trillion.

(Source：BeInCrypto)