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SpaceX Board Approves Musk Pay Package Tied to Mars Colony Goal
SpaceX granted Elon Musk one billion restricted shares valued at roughly $600 billion. The shares vest only if the company reaches a $7.5 trillion market cap and establishes a permanent settlement of one million people on Mars.
May 21, 9:00 AM·1m read1 source
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The SpaceX board approved a compensation package for Elon Musk consisting of one billion restricted shares of Class B common stock. 75 trillion. 5 trillion market capitalization and establishes a permanent human colony on Mars with at least one million inhabitants. The filing states that the company plans to go public next month following a February merger that combined SpaceX with xAI and X.
Three months before the filing, Musk merged his AI company xAI and social media platform X into SpaceX. The transaction valued SpaceX at $1 trillion and xAI at $250 billion. The prospectus describes the combined entity as a single-purpose organization focused on multi-planetary expansion.
The filing explains that human civilization has lived on a single planet and faces existential threats that are unpredictable on a planetary scale. It states that the company does not want humans to share the fate of dinosaurs.
3 billion net loss in the first quarter. 7 billion in capital expenditures. Starlink and the launch business remained profitable. The prospectus outlines plans to deploy space-based AI data centers starting in 2028. 5 trillion attributed to AI. SpaceX's launch business generated more than $11 billion in revenue last year from Starlink alone.
The filing indicates that public capital from the IPO will fund Starship production scale-up and orbital AI compute satellites.
