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Elon Musk's astronomical compensation plan revealed: if SpaceX's market value reaches $7.5 trillion and a permanent human settlement of at least 1 million people is established on Mars, Musk will be granted 200 million shares of stock.
According to reports, the SpaceX board of directors has approved an unprecedented compensation plan that ties the CEO Elon Musk's pay to achieving future goals, including Mars colonization and the construction of space data centers.
It is reported that SpaceX disclosed this compensation plan in a confidential registration document recently submitted to the U.S. Securities and Exchange Commission (SEC), with few details previously reported.
Based on excerpts from the registered document reviewed by the media, the approved compensation plan includes: if the company's market value reaches $7.5 trillion and a permanent human settlement of at least 1 million people is established on Mars, Musk will be granted 200 million super-voting restricted stock units (RSUs).
If SpaceX achieves another valuation target and builds a data center in space capable of providing at least 100 terawatts of computing power, he will receive an additional 60.4 million restricted stock units. The two incentives are both Class B super-voting RSUs, with each Class B share having 10 times the voting power of an Class A share, and will be gradually unlocked as the company's market value increases.
Here, we won't discuss whether Musk's Mars colonization plan can be realized within his lifetime. I think what we need to understand more is why American investors would openly include such goals in incentive plans. In any country outside the U.S., such unrealistic goals are just talk and wouldn't be taken seriously. Maybe this is the reason Musk has succeeded in the U.S. after all.
Some people think it's impossible to send 1 million people to Mars by rocket, but from another perspective, what if we send 1 million sperm and eggs? Maybe one rocket is enough, after all, you usually launch 40 million to hundreds of millions of sperm at a time. Perhaps Musk will even invent an artificial womb—who knows? So, anything is possible. After all, history has shown that most of Musk's bold claims have come true.