SpaceX's Mars-Tied Elon Musk Pay Plan

0:00On April 28, SpaceX just dropped a wild compensation plan for Elon Musk, tying his payday straight to colonizing Mars and building data centers in space. The border proved it back in January, offering him 200 million supervoting shares if the company hits a $7.5 trillion dollar. Valuation, and sets up a permanent Mars colony with at least 1 million people. These shares come with 10 votes each, compared to regular ones, and they vest as SpaceX grows, the Musk gets nothing if they miss the marks. No strict timeline, just as long as he's still on board. He's been pulling a tiny salary of $54,080 a year since 2019, since the company's still private. Experts are calling this package one of a kind, nothing like it in corporate history. Compensation pros say measuring Mars colonies or space servers is straight up physics, level tough, not your usual revenue or earnings goals. It shows how SpaceX is battling Tesla to keep Musk locked in. Meanwhile, SpaceX's eyes and IPO around Musk's birthday on June 28th, possibly valuing

1:05it at $1.75 trillion. Teslas already got its own massive incentives for him, so these boards are basically duking it out over his focus. This setup locks in those sky high ambitions, prepping investors for the long cosmic haul while keeping the world's richest entrepreneur chasing stars. That's the story for today, US News Today, driven by AI, I'm Corey with The Story.