"The pay package will reportedly award Musk 200 million super-voting restricted shares if the company hits a market valuation milestone, with the most ambitious targets going further."
"To unlock the full award, SpaceX would need to reach a $7.5 trillion valuation and help establish a permanent human settlement on Mars with at least one million residents."
"Musk has stated publicly that getting the cost per ton to Mars below $100,000 is necessary to make mass migration economically feasible."
SpaceX's board approved a compensation plan for Elon Musk that connects his pay to the company's goals of colonizing Mars and establishing data centers in space. Musk could earn 200 million super-voting shares if SpaceX achieves a $7.5 trillion valuation and establishes a permanent settlement on Mars with one million residents. The plan reflects Musk's long-term vision for Mars colonization, which he has pursued since founding SpaceX in 2002. The Starship is designed to support this vision by reducing costs for mass migration to Mars.
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