The Kobeissi Letter|Apr 29, 2026 15:24
BREAKING: SpaceX's board has approved a new compensation package for Elon Musk ahead of its record-setting IPO.
The package includes:
1. 200 million super-voting shares if SpaceX hits a $7.5 trillion valuation and establishes a permanent Mars colony with at least 1 million people
2. Additional 60.4 million shares if SpaceX reaches certain valuation goals and operates data centers in space delivering 100 terawatts of compute
3. Elon Musk will not receive a single share if the company fails to reach the board's valuation targets
Elon Musk has received a salary from SpaceX of $54,080 per year since 2019.(The Kobeissi Letter)
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