SpaceX Ties Musk’s 200 Million-Share Award to Mars Colony and $7.5 Trillion Valuation
American aerospace producer SpaceX has authorized a contemporary compensation package deal for its founder, Elon Musk.
The plan, disclosed in a confidential US Securities and Exchange Commission (SEC) submitting, highlights one of the vital formidable pay buildings in company historical past.
What Will Elon Musk Get in SpaceX’s New Pay Package?
According to Reuters, the board authorized the package deal in January 2026, granting Musk up to 200 million super-voting restricted shares. The tranche unlocks solely when SpaceX reaches a $7.5 trillion market capitalization and a everlasting settlement of 1 million residents on Mars.
A separate tranche awards up to 60.4 million restricted shares. This is contingent on the corporate assembly separate valuation targets and working space-based information facilities with at the least 100 terawatts of compute capability.
“Both awards include super-voting Class B restricted inventory, which carries 10 votes to each 1 Class A share, and vest in tranches as the corporate’s worth rises,” the report learn.
Should Musk fall short of the targets, he receives no shares. These carry no fastened timeline aside from his continued employment on the firm. Musk’s base wage stays at $54,080 per yr, unchanged since 2019.
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Interestingly, SpaceX’s IPO submitting additionally signifies that Elon Musk will retain management over his management place.
“The submitting states that Musk ‘can solely be faraway from our board or these positions by the vote of Class B holders’ – super-voting shares with ten votes apiece that he’ll management after the IPO, making his elimination successfully a self-vote. If he ‘retains a major portion of his holdings of Class B widespread inventory for an prolonged time period, he may proceed to management the election and elimination of a majority of our board.’” Reuters reported.
BeInCrypto reported that SpaceX is advancing towards a June IPO after confidentially submitting with the SEC. The firm is aiming for a valuation of up to $1.75 trillion. Its pre-IPO valuation on Jupiter’s Prestocks platform is presently round $1.68 trillion.
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