SpaceX Due For $1.75t Valuation, Musk Due Massive Pay Package But Only If This One Impossible Thing Happens
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This is actually nuts.
So ahead of SpaceX’s potentially $1.75 trillion dollar (USD (dollars)) IPO valuation, back in January the rocket manufacturer’s board approved a pay package for Elon Musk granting him 200 million super-voting restricted shares BUT ONLY if SpaceX hits a $7.5t market cap AND…
…wait for it, this is the crazy part..
… IF HE ESTABLISHES A PERMANENT HUMAN COLONY ON MARS WITH AT LEAST ONE MILLION INHABITANTS.
Fairly standard bonus conditions. Not sure what you’re freaking out about.
For reference that’s roughly the population of Jerusalem picked up and plonked onto another planet.
And this isn’t the first time Elon’s been lured back to a company with a staggering pay package with almost impossible win conditions. Tesla did the same thing, offering him a trillion dollars if the company reached a market cap of $8.5 trillion. Tesla. Guys. Do you really think you can be worth almost double Nvidia’s value? Don’t we think that’s maybe a little ambitious?
And surely a $7.5t market cap for SpaceX is similarly out of reach? Well no. Nothing’s out of reach when you’ve got rockets.
BUT WAIT THERE’S MORE.
This isn’t even the really crazy milestone. Musk gets another 60.4 million restricted shares if SpaceX meets different valuation goals and builds data centers in space with a minimum 100 terawatt capacity.
That’s the equivalent of 100,000 NUCLEAR REACTORS IN SPACE.
So it remains to be seen if these goals will actually be reached. But you know what they say, shoot for the moon, because if you miss you’ll still become a trillionaire.
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