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SpaceX Board Approves $1 Trillion Compensation Package for Elon Musk on Tuesday

GateNews
Stocks
According to SpaceX's SEC filing disclosed on Tuesday, the company's board approved a comprehensive compensation package worth up to $1 trillion for Elon Musk. The award includes 200 million Class B restricted shares contingent on SpaceX reaching a $7.5 trillion valuation and establishing a permanent human settlement on Mars with at least 1 million residents. An additional 60.4 million Class B shares depend on the company building space-based data centers capable of delivering 100 terawatts of computing power. Each Class B share carries 10 votes compared to 1 vote per Class A share, granting Musk significant voting control if targets are met. The plan includes no calendar deadline but requires Musk to remain employed at SpaceX.
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