SpaceX will pay Elon Musk a bonus if he gets at least 1 million people to live on Mars — here's the plan

Investors person paid a batch of attraction to Elon Musk's wage bundle astatine Tesla (NASDAQ: TSLA), but they mightiness privation to look astatine a fewer of the incentives helium has astatine SpaceX arsenic well.

Ahead of the rocket vessel (and AI) company's archetypal nationalist offering, details of its confidential registration connection with the Securities and Exchange Commission are leaking retired (1). Among those? Should Musk win successful establishing a colony connected Mars with astatine slightest 1 cardinal people, on with gathering SpaceX's marketplace worth to $7.5 trillion, helium would beryllium successful enactment to person 200 cardinal super-voting restricted shares successful the company, according to Reuters, which viewed the filing.

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SpaceX is expected to IPO with a valuation of $1.75 trillion.

Musk would besides beryllium eligible for 60.4 cardinal restricted shares if SpaceX reaches a antithetic valuation and begins operating information centers successful abstraction that make astatine slightest 100 terawatts of compute capacity.

(Musk, by the way, doesn't request those shares to beryllium firmly successful bid of directing SpaceX's trajectory. The IPO volition present a dual-class stock structure. Musk volition clasp Class B shares with 10 votes each, ensuring helium retains astir 79% of the voting powerfulness (2).)

Occupy Mars

Musk has agelong evangelized gathering a colony connected Mars – and helium has an aggressive, if somewhat unrealistic, timeline to marque it happen. Initially, helium talked of having this done by 2050, by gathering a fleet of 1,000 Starships and launching 3 per time (3) to nonstop radical connected their way. And erstwhile you get there, helium said, determination would beryllium plentifulness of jobs (4) waiting for you.

However, helium warned successful an April 2022 interrogation (5) with TED curator Chris Anderson, beingness connected Mars volition beryllium "dangerous, cramped, difficult, hard work," and "you mightiness not marque it backmost … But it'll beryllium glorious."

NASA is little optimistic astir the timeline Musk has given, saying it hopes to onshore the archetypal humans connected Mars by the precocious 2030s (6) (or perchance aboriginal 2040s), but it intentionally plans to support the numbers tiny for immoderate time.

It's worthy noting that the Starship spacecraft is inactive successful improvement astatine SpaceX, truthful the chances of gathering 1,000 of them and launching 3 per time successful the adjacent 2.5 decades is low.