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By Ross Kerber
Tue, April 28, 2026 astatine 5:27 AM CDT 4 min read
By Ross Kerber
April 28 (Reuters) - SpaceX's committee has approved a compensation program for laminitis Elon Musk with goals arsenic futuristic and celestial arsenic the company's ambitions: colonizing Mars and moving information centers successful outer space.
The details of Musk's sweeping wage package, which person not been wide reported, were revealed successful the company's confidential registration connection filed successful caller weeks with the Securities and Exchange Commission and reviewed by Reuters past week.
The lofty rewards dangled for Musk by SpaceX show the situation of holding the attraction of the serial entrepreneur arsenic helium prepares to instrumentality the rocket shaper public. They besides perchance acceptable up SpaceX investors for tensions with shareholders of Tesla, wherever Musk is CEO, accidental corporate governance experts.
Connecting science-fiction visions with accounting commitments, the SpaceX committee successful January approved a wage bundle for the world's richest antheral that volition grant 200 cardinal successful super-voting restricted shares if the institution hits a marketplace worth of $7.5 trillion and establishes a imperishable quality colony connected Mars with astatine slightest 1 cardinal people, according to excerpts from the company's registration connection reviewed by Reuters.
His Mars-shot show bundle besides gives him arsenic galore arsenic 60.4 cardinal successful restricted shares awarded connected March 23 if SpaceX meets abstracted valuation goals and operates information centers successful abstraction that supply astatine slightest 100 terawatts of compute capableness – a colossal magnitude of powerfulness adjacent to 100,000 gigawatts, oregon astir 100,000 one-gigawatt atomic reactors moving each astatine once. Both awards travel with super-voting Class B restricted stock, which carries 10 votes to each 1 Class A share, and vest successful tranches arsenic the company's worth rises.
CONDITIONAL REWARDS, STOCK OPTIONS
However, helium volition not person a azygous stock if the institution fails to scope the board's lofty valuation targets, which are not tied to a circumstantial timeline different than his continued employment. He has received a nominal wage from SpaceX of $54,080 per twelvemonth since 2019.
The worth of the wage bundle could not beryllium determined since SpaceX is privately held. SpaceX is targeting an archetypal nationalist offering astir the clip of Musk's day connected June 28, which could worth the institution astatine immoderate $1.75 trillion, Reuters has reported.
As of December 31, helium held 68.8 cardinal in antecedently awarded Class B banal options with a onslaught terms of about $42 that expire successful 2031, allowing Musk to pouch immoderate nett supra that magnitude if helium exercises the options earlier that date.
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