[Elon Musk Designs 'Litigation-Proof' Compensation Plan for SpaceX, Potential Value Up to $1.1 Trillion] BlockBeats News, June 6: As SpaceX prepares to go public with an estimated valuation of approximately $1.75 trillion, Elon Musk has designed a stock-based incentive plan for himself with a potential value of up to $1.1 trillion. By adjusting the company's governance structure and registration location, Musk has significantly increased the difficulty for future shareholders to challenge this plan. According to SpaceX's prospectus, Musk currently holds 1.3 billion Class B super-voting shares valued at approximately $175 billion. If all targets are achieved, the potential value could rise to $1.1 trillion. The incentives require SpaceX to reach a maximum valuation of $7.5 trillion and include goals such as establishing a permanent Mars colony with a population of 1 million and building a data center with an annual computing capacity of 100 terawatts. The report notes that, unlike Tesla's $56 billion compensation plan in 2018, which was overturned by a Delaware court, SpaceX has relocated its registration to Texas and disclosed the relevant arrangements in its prospectus in advance. Under Texas law, shareholders must hold at least 3% of the company's shares to initiate a lawsuit. With SpaceX's estimated valuation of $1.8 trillion, this corresponds to a shareholding requirement worth several billion dollars. Additionally, even if performance targets are not met, Musk would still immediately gain voting rights for the related shares. The prospectus shows that Musk currently holds approximately 85.1% of SpaceX's voting rights and will retain about 82.4% of voting rights post-IPO, maintaining control of the board through Class B shares. Several governance and compensation experts have stated that the core purpose of this plan is not only to incentivize Musk to achieve long-term goals but also to ensure he retains firm control over SpaceX. Analysts have pointed out that SpaceX will operate as a 'controlled public company,' meaning ordinary shareholders will not enjoy the same governance protections as those of typical Nasdaq-listed companies. [Original Link]