Elon Musk bullet-proofed his $1 trillion ‘Mars-shot’ pay at SpaceX after the epic battle over his $56 billion moonshot at Tesla
Elon Musk has structured his compensation package for SpaceX's upcoming IPO to be highly resistant to shareholder lawsuits, unlike his previous Tesla award. The new package, potentially worth up to $1.1 trillion, is detailed in the IPO registration statement and SpaceX is now incorporated in Texas, which has more restrictive legal claim requirements. While the performance targets, including a Mars community and off-world data centers, are described as improbable, they are designed to ensure Musk retains significant control over SpaceX through super-voting shares, regardless of whether he achieves these ambitious goals. AI
IMPACT Ensures Elon Musk retains control of SpaceX through a complex compensation structure tied to ambitious, potentially unattainable goals.