SpaceX has approved a new compensation plan for Elon Musk, tying his future awards to ambitious goals such as establishing a permanent human colony on Mars and operating data centers in space. According to a confidential SEC filing reviewed by Reuters, Musk could receive 200 million super voting restricted shares if SpaceX achieves a $7.5 trillion valuation and establishes a Mars colony with at least 1 million people. Additionally, he could earn 60.4 million shares if SpaceX meets valuation milestones and operates space-based data centers with 100 terawatts of compute capacity. The compensation plan, which has no fixed deadline, underscores Musk's control over SpaceX as it prepares for a potential IPO, possibly the largest in history. The plan also highlights SpaceX's expansion beyond rockets and Starlink, with a focus on artificial intelligence infrastructure as a key growth area. This move may create tension with Tesla shareholders, given Musk's existing commitments to the automaker.
SpaceX Links Musk's Compensation to Mars Colony and Space Data Centers
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